Modernizing Medicine

Modernizing Medicine

Provides specialty-specific EHR systems and solutions

About

Modernizing Medicine provides specialty-specific Electronic Health Records (EHR) systems designed to improve the workflow of healthcare providers. Their main products, EMA and gGastro EHR, help users manage patient information and administrative tasks more efficiently, allowing them to concentrate on patient care. These systems adapt to the specific practices of each user, enhancing their effectiveness. Unlike many competitors, Modernizing Medicine focuses on tailored solutions for various medical specialties, which sets them apart in the healthcare technology market. The company's goal is to streamline healthcare delivery and improve patient outcomes by providing tools that simplify administrative processes for healthcare providers.

Company Stage

Late Stage VC

Employees

1,001-5,000

Industries

Biotechnology, Healthcare

Total Funding

$360.6M

Headquarters

Boca Raton, Florida

Founded

2010


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Simplify's Take

What believers are saying

  • ModMed ranks #1 in EHR and RCM software in G2's Spring 2024 Report.
  • The integration with Medtronic's GI Genius reduces missed polyps by 50% in colonoscopies.
  • ModMed's automated commissions reporting enhances efficiency in practice management systems.

What critics are saying

  • Increased competition from Engage Technologies Group's comprehensive practice management solutions.
  • Potential cybersecurity vulnerabilities due to previous gaps in leadership.
  • High consumer demand for easier medical bill payments pressures ModMed to enhance features.

What makes Modernizing Medicine unique

  • ModMed offers specialty-specific EHR systems, enhancing workflow efficiency for healthcare providers.
  • Their collaboration with Medtronic integrates AI to improve colonoscopy documentation and accuracy.
  • ModMed's gGastro interface with Brevium boosts patient engagement in gastroenterology practices.

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Growth & Insights
Headcount

6 month growth

6%

1 year growth

10%

2 year growth

38%

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