Modernizing Medicine

Modernizing Medicine

Provides specialty-specific electronic health records systems

About Modernizing Medicine

Simplify's Rating
Why Modernizing Medicine is rated
B+
Rated B on Competitive Edge
Rated B on Growth Potential
Rated A on Rating Differentiation

Industries

Biotechnology

Healthcare

Company Size

1,001-5,000

Company Stage

Late Stage VC

Total Funding

$376.2M

Headquarters

Boca Raton, Florida

Founded

2010

Overview

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.

Simplify Jobs

Simplify's Take

What believers are saying

  • Clearlake Capital's acquisition indicates strong investment interest in ModMed's growth potential.
  • AI integration across workflows reduces administrative burdens, improving healthcare provider efficiency.
  • Automated commissions reporting increases transparency and efficiency in financial operations.

What critics are saying

  • Competition from AI-powered EHR systems like Epic Systems threatens ModMed's market share.
  • Rapid AI development may render ModMed's current solutions obsolete if not updated.
  • Data privacy concerns in AI-driven healthcare could lead to regulatory challenges for ModMed.

What makes Modernizing Medicine unique

  • ModMed offers specialty-specific EHR systems tailored to various healthcare providers.
  • Their AI-powered scribe for dermatology automates clinical documentation, enhancing patient care.
  • ModMed's cloud-based platform integrates practice management and revenue cycle management services.

Help us improve and share your feedback! Did you find this helpful?

Funding

Total Funding

$376.1M

Above

Industry Average

Funded Over

8 Rounds

Late VC funding comparison data is currently unavailable. We're working to provide this information soon!
Late VC Funding Comparison
Coming Soon

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

Growth & Insights and Company News

Headcount

6 month growth

0%

1 year growth

0%

2 year growth

4%
Rama On Healthcare
Mar 20th, 2025
Clearlake Acquires ModMed for $5.3B

Clearlake Capital has acquired a majority stake in Modernizing Medicine (ModMed) for $5.3 billion.

Hit Consultant
Mar 6th, 2025
Modmed Launches Ai-Powered Scribe For Dermatology To Transform Clinical Documentation

What You Should Know:– ModMed, a provider of specialty-specific healthcare technology announced the upcoming launch of ModMed Scribe, an AI-powered ambient listening solution designed to revolutionize EHR documentation for dermatologists.– The tool automates note-taking, streamlines workflows, and empowers dermatologists to focus more on patient care.Addressing the Documentation BurdenDocumentation demands can be a significant drain on clinicians’ time and energy, often taking away from valuable patient interaction. ModMed Scribe addresses this challenge by automating note-taking and streamlining workflows, allowing dermatologists to spend more time with their patients.AI Built for DermatologyTrained on a massive dataset of over 500 million de-identified patient-provider interactions, ModMed Scribe is specifically designed to understand the nuances of dermatological language, including complex medical terminology and evolving billing codes. This specialized AI goes beyond generic models, providing accurate and efficient documentation tailored to the needs of dermatologists.ModMed Scribe seamlessly integrates with ModMed’s industry-leading EMA® EHR system, further enhancing its capabilities and streamlining clinical workflows. Together, these solutions:Generate comprehensive clinical notes: Capture the details of patient-provider conversations, freeing clinicians from manual documentation.Capture the details of patient-provider conversations, freeing clinicians from manual documentation. Streamline post-note workflows: Suggest and pre-populate billing codes, medication entries, lab orders, and patient education materials, improving efficiency and reducing administrative burden.Suggest and pre-populate billing codes, medication entries, lab orders, and patient education materials, improving efficiency and reducing administrative burden. Empower dermatologists: Allow dermatologists to focus on building patient relationships and delivering exceptional care.ModMed’s AI-Powered PracticeModMed Scribe is part of ModMed’s broader AI-powered practice, which integrates artificial intelligence across various aspects of healthcare delivery, including patient engagement, clinical workflows, and billing and operations

Hit Consultant
Mar 6th, 2025
ModMed Launches AI-Powered Scribe for Dermatology to Transform Clinical Documentation

ModMed launches AI-Powered Scribe for Dermatology to transform clinical documentation.

Health Technology Insights
Mar 6th, 2025
ModMed Unveils Dermatology-Specific AI With Modmed Scribe

ModMed, a pioneer in specialty-specific healthcare technology, announced the upcoming launch of ModMed Scribe, an AI-powered ambient listening solution poised to transform EHR documentation from clicks to natural conversation for faster workflows and enhanced patient care in dermatology.

Hospital Network
Mar 6th, 2025
ModMed Unveils Dermatology-Specific AI With ModMed Scribe

ModMed's AI-Powered Practice at AAD ModMed Scribe is part of ModMed's AI-powered practice that integrates artificial intelligence into patient engagement, clinical workflows, and billing and operations to improve patient interactions, reduce administrative burdens, and enhance revenue cycle efficiency.

Recently Posted Jobs

Sign up to get curated job recommendations

Modernizing Medicine is Hiring for 80 Jobs on Simplify!

Find jobs on Simplify and start your career today

💡
We update Modernizing Medicine's jobs every few hours, so check again soon! Browse all jobs →