Modernizing Medicine
Financials
Estimates*
USD | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
---|---|---|---|---|---|---|---|
Revenues | 111m | 119m | 134m | 147m | 194m | 230m | 280m |
% growth | - | 7 % | 13 % | 10 % | 32 % | 19 % | 22 % |
Date | Investors | Amount | Round |
---|---|---|---|
- | N/A | - | |
$425k | Debt | ||
N/A | $7.1m | Early VC | |
| $12.0m | Series B | |
$14.0m | Series C | ||
| $15.0m | Series D | |
$5.0m | Debt | ||
$38.0m | Series E | ||
* | €210m | Growth Equity VC | |
N/A | $53.4m | Late VC | |
Total Funding | $371m |
Recent News about Modernizing Medicine
EditModernizing Medicine, operating under the website modmed.com, is a healthcare technology company that provides specialty-specific Electronic Health Records (EHR) systems and solutions. The company's primary offerings are EMA and gGastro EHR, software systems that are designed to streamline the workflow of healthcare providers, allowing them to focus more on patient care rather than administrative tasks. These systems are capable of learning and adjusting to the specific practices of the user, making them highly adaptable and efficient.
The company serves a wide range of clients, primarily healthcare providers across various specialties. It operates in the healthcare technology market, a sector that is rapidly growing due to the increasing need for efficient and effective healthcare delivery systems.
Modernizing Medicine's business model revolves around the provision of its EHR systems and solutions. The company generates revenue through the sale of its software products and related services. These services include practice management systems that help healthcare providers schedule appointments, manage documents and billing, and access metrics-driven reports with ease. The company also offers a revenue cycle management service, which helps healthcare providers manage their revenue streams more effectively.
In summary, Modernizing Medicine is a healthcare technology company that provides specialty-specific EHR systems and solutions to healthcare providers, helping them streamline their workflow and focus more on patient care.
Keywords: Healthcare Technology, Electronic Health Records (EHR), Specialty-Specific Solutions, Workflow Efficiency, Patient Care, Practice Management Systems, Revenue Cycle Management, Software Sales, Service Provision, Healthcare Providers.