Modernizing Medicine

Modernizing Medicine

Specialty-specific electronic health record systems

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.

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 consistently ranks #1 in G2's 2024 Grid Reports for EHR and RCM software.
  • Collaboration with Brevium enhances patient re-engagement, boosting retention in gastroenterology practices.
  • Appointment of Dan Costantino as CISO strengthens cybersecurity, crucial for healthcare data protection.

What critics are saying

  • Potential sale by Warburg Pincus could lead to strategic shifts misaligned with current goals.
  • Resistance to AI technologies may slow implementation and affect user satisfaction.
  • Dependency on Medtronic's technology poses risks if partnership faces challenges or strategic changes.

What makes Modernizing Medicine unique

  • ModMed offers specialty-specific EHR systems, enhancing workflow efficiency for healthcare providers.
  • Their EHR systems, EMA and gGastro, adapt to user practices, increasing adaptability.
  • ModMed integrates AI technologies, like Medtronic's GI Genius, to improve procedural accuracy.

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Growth & Insights
Headcount

6 month growth

0%

1 year growth

-1%

2 year growth

3%

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

Health Savings Account/Flexible Spending Account

Unlimited Paid Time Off

Paid Vacation

Paid Sick Leave

Paid Holidays

Parental Leave

401(k) Retirement Plan

401(k) Company Match

Professional Development Budget

Conference Attendance Budget

Hybrid Work Options

Remote Work Options

Wellness Program

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