This article is more than 5 years old. Information may no longer be current.
Modernizing Medicine secures $15M in funding
Click Here to Manage Email Alerts
Modernizing Medicine, creator of the cloud-based, specialty-specific Electronic Medical Assistant medical records system, recently announced it has closed on $15M in its latest round of funding.
The funds, 75% of an expected $20M funding round, came primarily from a group of existing investors led by Summit Partners and Pentland Group.
“At Modernizing Medicine we believe that properly captured and leveraged health data has the power to increase efficiency, improve patient outcomes and transform health care,” Daniel Cane, co-founder and CEO of Modernizing Medicine, said in a company release. “This latest round of funding reinforces that belief and the strength of our market-differentiating products and services.”
Cane said the company intends to use the investment toward a continued development of the eight medical specialties on which the company currently focuses, as well as toward development in telemedicine, IBM Watson and mobile applications, according to the release.
The company also expects to hire approximately 100 new employees in the next 12 to 18 months. This, in part, led to the naming of Modernizing Medicine to Red Herring’s Top 100 North America list, a collection of the top private companies across the continent that are expected to grow significantly in the near future.
Reference: www.modmed.com.