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Modernizing Medicine (ModMed)
↗Boca Raton, USA
Modernizing Medicine (ModMed) is a healthcare technology company that provides a suite of specialty-specific, cloud-based solutions, including Electronic Health Records (EHR), practice management, and revenue cycle management. The company focuses on streamlining clinical, financial, and operational workflows for medical specialties such as dermatology, gastroenterology, ophthalmology, orthopedics, and urology.
Founded in 2010, the company is known for its flagship AI-powered platform, Electronic Medical Assistant (EMA), which uses a touch-based interface to adapt to physician preferences and reduce documentation time. ModMed serves thousands of physician practices across the United States and is headquartered at the Boca Raton Innovation Campus in Florida.
CLASSIFICATION
Company Type:Digital Health
Therapeutic Areas:-
Industry:Digital Health
Sub-Industry:Healthcare IT / EHR Software
SIZE & FINANCIALS
Employees:1001-5000
Revenue:$100M-$200M
Founded:2010
Ownership:private
Status:operating
FUNDING
Stage:Late Stage
Total Raised:$852M
Investors:Summit Partners, Clearlake Capital Group, CPP Investments, Golub Capital, Project A Ventures, IBM
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CORPORATE STRUCTURE
Key Partnerships:OhMD (Patient communication integration), Domo (Analytics and data visualization)
COMPETITION
Position:Leader
Competitors:AdvancedMD, athenahealth, eClinicalWorks, Innovaccer, WRS Health
LEADERSHIP
Key Executives:
Daniel Cane - CEO
Dr. Michael Sherling - Chief Medical and Strategy Officer
Scientific Founders:Daniel Cane, Dr. Michael Sherling
LINKS
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