The Watch app allows users to view scheduling, including which patients are coming in, what time the appointments are and which rooms patients are in, and more.
Called modmed PM, the system was designed to modernize practice management in the same way EMA modernized the specialty-specific EMR market.
The new capital was provided by Pentland Group, and funds affiliated with Summit Partners and Sands Capital Ventures.
The EHR system for dermatologists will allow physicians to provide treatment, diagnosis and advice for their patients when a virtual visit is appropriate.
gMed's gGastro product functionality complements Modernizing Medicine's own EMA Gastroenterology EMR system and is compatible with their growth strategy.
The fresh capital will help the company accelerate market expansion in eight medical specialties, as well as enhance and expand its suite of solutions.
With this acquisition, Modernizing Medicine will be able to provide RCM, inventory management and a GPO to its customers in addition to EMA.
Led by Summit Partners and Pentland Group, the new funds are expected to support product development, market expansion and further company growth.