Health IT VC Report: Practice Fusion Raises Another $15 Million | Healthcare Informatics Magazine | Health IT | Information Technology Skip to content Skip to navigation

Health IT VC Report: Practice Fusion Raises Another $15 Million

December 13, 2013
by Gabriel Perna
| Reprints

Practice Fusion, an EHR vendor out of San Francisco, announced a Series D extension of $15 million in new funding this week.

The capital, led by Qualcomm Incorporated, raises the total of Series D venture capital (VC) funding for Practice Fusion to $85 million. Earlier, in September, the company received $70 million from Kleiner Perkins Caufield & Byers (KPCB) and institutional investors OrbiMed Advisors, Deerfield Management Company and Industry Ventures with participation by its previous venture capital investors including Artis Ventures.

The latest round of investment, Practice Fusion says, brings its total funding raised to date at $149 million. It will help the company grow its platforms, having launched various services in 2013, including a physician appointment booking site, various APIs, and a data analytics platform.

“Practice Fusion doctors have facilitated six percent of all patient visits in the US this year. This huge reach makes us the front-running health technology company, and we’re going to double that reach next year,” Ryan Howard, CEO of Practice Fusion, said in a statement. “From connecting doctors and patients to using sophisticated data decision support to drive better care, we’re the health company to watch in the year to come.”

The company has its sites set on an eventual initial public offering (IPO).

Telehealth Startup Raises $3 Million

Doctor on Demand, a telehealth startup company which allows patients to connect with a physician via an iPhone, Android, or tablet device, received $3 million in seed funding this week.

The seed funding came from financial institutions including Venrock, Andreessen Horowitz, Google Ventures, Lerer Ventures, Shasta Ventures as well as Athenahealth CEO Jonathan Bush.

Doctor on Demand has formed partnerships with various health systems. Its physician network has grown to 1,000 physicians nationally, the company said. Already, the company is available in California, Florida, Georgia, Illinois, Indiana, Michigan, Mississippi, New Jersey, New York, North Carolina, Ohio, Pennsylvania, Texas, Virginia and Washington.

“Doctor On Demand seamlessly integrates modern technology with high quality, patient-centric and cost-effective care,” Pat Basu, M.D., a former Stanford physician and White House Fellow, who oversees this network of physicians for Doctor on Demand, said in a statement. “Not only does this improve the lives of patients and doctors, but it can be one of the solutions for the cost, access and capacity issues that currently plague our health care system.”

emids Raises $13.3 million

emids Technologies, a Nashville, Tenn.-based provider of a health IT interoperability platform, has raised 13.3 million from Baird Capital’s venture capital group of Chicago and Nashville, Tenn.-based Council Capital.

“This investment validates our business model and the scalable platform we have built to provide services and solutions to our customers,” Saurabh Sinha, president and CEO of emids, said in a statement. “Baird Capital and Council Capital are the ideal partners to work with to expand emids and meet the growing demand for information technology and business process services tailored to the unique needs of healthcare organizations.”

 

Get the latest information on Health IT and attend other valuable sessions at this two-day Summit providing healthcare leaders with educational content, insightful debate and dialogue on the future of healthcare and technology.

Learn More

Topics

News

Trump will Nominate Acting VA Secretary Wilkie for Permanent Position

Just a day after the Department of Veterans Affairs (VA) and Cerner inked their $10 billion EHR (electronic health record) deal, President Trump said he would be nominating Acting VA Secretary Robert Wilkie for the permanent position.

ONC Names API Server Showdown Stage 2 Winner

The Office of the National Coordinator for Health Information Technology (ONC) has named 1UpHealth as the Stage 2 winner of the “Secure API Server Showdown” challenge.

EHNAC Developing Trusted Exchange Accreditation Program

To align with the Trusted Exchange Framework and Common Agreement, the Electronic Healthcare Network Accreditation Commission, a nonprofit standards development organization and accrediting body, is working with other organizations to establish a new Trusted Exchange Accreditation Program.

Lawmakers Demand New VA CIO, Citing “Malign Neglect” on EHR Project

A group of Democratic federal lawmakers, five senators and six members of Congress, are calling out the U.S. Department of Veterans Affairs (VA) for what they call “malign neglect” in the agency’s efforts to achieve electronic health record (EHR) modernization.

Medical Record Access Proves Costly for Some Patients, GAO Report Finds

Federal law requires healthcare providers to give patients access to their medical records, but according to a new GAO report, some patients believe they’re being charged too much to access their records.

Parkland’s Innovation Bridge Takes ‘Genius Bar’ Approach to Digital Health Apps

Taking inspiration from the Apple Genius Bar and Ochsner Health System’s O Bar, the Dallas-based Parkland Center for Clinical Innovation in collaboration with Parkland Health & Hospital System has opened an “Innovation Bridge” to assist patients with health-related apps.