Modernizing Medicine — the creator of a cloud-based, specialty-specific electronic medical record (EMR) system called Electronic Medical Assistant (EMA) — has closed on approximately $15M of an expected $20M funding round. The new money comes from existing investors, led by Summit Partners and Pentland Group, many of whom are medical specialists who use EMA.
“With the investment we intend to continue focused development in the surgical-specialties, while also committing resources for development in telemedicine, IBM Watson and mobile applications,” said Daniel Cane, CEO and co-founder of Modernizing Medicine.
Developed by surgical physicians, EMA contains built-in specialty-specific medical knowledge and workflows. EMA’s touchscreen interface and advanced ICD-10 capabilities give providers the freedom they need to focus on their patients with the reassurance that charting plus coding for billing can be completed at the point of care.
Developed by surgical physicians, Modernizing Medicine’s EMA contains built-in specialty-specific medical knowledge and workflows.Currently serving eight different medical specialties, more than 4,000 providers have adopted Modernizing Medicine’s EMA in their practices. In the dermatology specialty alone, more than 26% of U.S. dermatologists now use EMA.
Modernizing Medicine will use part of the funds to grow its employee base with approximately 100 new positions being created in the next 12-18 months.