Modernizing Medicine Explained

Modernizing Medicine
Type:Privately held company
Industry:Software
Founder:Daniel Cane, Dr. Michael Sherling
Hq Location City:Boca Raton
Hq Location Country:United States
Areas Served:-->
Products:EMA electronic health records system, Practice Management, Analytics, Kiosk, Telehealth, Pathology module, Inventory Management; gGastro EHR, gPM, Endoscopy Report Writer
Services:Revenue Cycle Management, MIPS Advisory Services
Owners:-->
Website:https://www.modmed.com/

Modernizing Medicine, Inc., is a United States software company headquartered at the Boca Raton Innovation Campus in Boca Raton, Florida. The company was founded in 2010 by Daniel Cane, CEO and co-founder of Blackboard, Inc., and Dr. Michael Sherling, Chief Medical and Strategy Officer and practicing dermatologist.[1]

In addition to its headquarters in Boca Raton, the company also has offices in Roseville, California and Santiago, Chile.

The company offers electronic health records, practice management, revenue cycle management and data analytics for doctors, and currently has software for dermatologists, ophthalmologists, orthopedic surgeons, gastroenterologists, plastic surgeons, otolaryngologists, urologists and pain management physicians. As part of its business model, Modernizing Medicine employs practicing doctors to help program the software for each specialty.[2] [3] [4]

The company has raised $332 million in funding. In 2017, the company received $231 million from private equity group Warburg Pincus.[5] Modernizing Medicine acquired gMed, a healthcare IT company serving gastroenterologists, in 2015.

Notes and References

  1. Web site: The software success of Modernizing Medicine. 2021-06-01. Florida Trend.
  2. Web site: Fisher. Anne. Could teaching employees to code be key to success?. 25 October 2013 . CNN Money. 24 March 2014.
  3. Web site: Byrne. Ciara. Why Doctors Make Great Object-Oriented Software Designers. Fast Company. 24 March 2014.
  4. Web site: Rogers. Bruce. Will Daniel Cane's Modernizing Medicine Revolutionize Healthcare?. Forbes. 24 March 2014.
  5. Web site: Modernizing Medicine attracts $231 million private equity investment. .