Modernizing Medicine lands $14M

August 20, 2013 in Medical Technology

Modernizing Medicine, a cloud-based specialty-specific EMR company has received $14 million in funding from investment firm Summit Partners, company executives announced, adding the funds would help them grow the company.

“Our goal is to transform how healthcare information is created, consumed and utilized to increase efficiency and improve patient outcomes,” said Daniel Cane, president and CEO of Modernizing Medicine, in a news release. “With Summit’s support, we intend to increase the number of our technological staff to help further our growth in current markets and to expand into new areas with the best specialty-specific EMR system for doctors.”

The EMR – called Electronic Medical Assistant – is billed as adapting to each healthcare provider’s unique style of practice and integrates seamlessly into the practice’s workflow, saving physicians and their staff time and increasing efficiencies.

[See also: CareCloud has Boston abuzz.]

EMA’s cloud-based approach to collecting and storing patient information enables physicians to create, visualize and consume treatment data to better care for their patients with the EMA Network. It is available as a native iPad application or from any web-enabled Mac or PC, Modernizing Medicine provides specialty-specific offerings for the dermatology, ophthalmology, optometry, orthopedics and plastic and cosmetic surgery markets.

“The time is ripe for technology that transforms the way physicians practice,” Mark deLaar of Summit Partners, who will be joining the company’s board of directors, said in a statement. “We believe that Modernizing Medicine’s powerful technology, coupled with its exceptional team, is the right combination to disrupt the EMR market.”

Jesse Lane, a vice president with Summit Partners, added: “EMA’s phenomenal customer reviews, impressive market traction and meaningful use attestations speak to the strength of the technology.”

[See also: VC funding sees ‘torrid’ Q1.]

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