Modernizing Medicine Overview

  • Founded
  • 2010

Founded
  • Status
  • Private

  • Employees
  • 1,184

Employees
  • Latest Deal Type
  • Debt

  • Financing Rounds
  • 9

  • Investments
  • 5

Modernizing Medicine General Information

Description

Developer of a mobile, cloud-based, specialty-specific electronic health record (EHR) system intended to empower physicians to transform how healthcare information is created, consumed and utilized. The company offers a full suite of products and services including practice management, revenue cycle management, data analytics and telehealth, thereby providing clients with ways to increase efficiency and improve outcomes.

Contact Information

Website
www.modmed.com
Ownership Status
Privately Held (backing)
Financing Status
Private Equity-Backed
Primary Industry
Medical Records Systems
Primary Office
  • 4850 T-Rex Avenue
  • Suite 200
  • Boca Raton, FL 33431
  • United States
+1 (561) 000-0000

Modernizing Medicine Timeline

2019202020212022
Financing RoundCaptured Employee CountEstimated Employee Growth

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Modernizing Medicine Valuation & Funding

Deal Type Date Amount Valuation/
EBITDA
Post-Val Status Debt

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Modernizing Medicine Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last Financing Details
Developer of a mobile, cloud-based, specialty-specific electronic health record (EHR) system intended to empower physici
Medical Records Systems
Boca Raton, FL
1,184 As of 2022
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Phoenix, AZ
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Commerce, CA
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Modernizing Medicine Competitors (49)

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
WebPT Private Equity-Backed Phoenix, AZ 000 00000 000000000 00000
000000 000 Corporation Commerce, CA
0000000 000000 Corporate Backed or Acquired West Warwick, RI 00 000000&0
000000 Corporate Backed or Acquired North Kansas City, MO 00000 0000 000000&0 0000
00000000 Private Equity-Backed Machesney Park, IL 000 00000 000000000000 00000
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Modernizing Medicine Patents

Modernizing Medicine Recent Patent Activity

Publication ID Patent Title Status First Filing Date Technology (CPC) Citations
US-20160027137-A1 Automated healthcare provider quality reporting system (pqrs) Abandoned 25-Jul-2014 000000000
US-20210150444-A1 Automated healthcare provider quality reporting system (pqrs) Abandoned 25-Jul-2014 000000000000
US-20190057473-A1 Automated healthcare provider quality reporting system (pqrs) Abandoned 25-Jul-2014 000000000
AU-2014362345-A1 Method and system to automate the designation of the international classification of disease codes for a patient Abandoned 12-Dec-2013 000000000
CA-2933283-A1 Method and system to automate the designation of the international classification of disease codes for a patient Abandoned 12-Dec-2013 G16H10/60
To view Modernizing Medicine’s complete patent history, request access »

Modernizing Medicine Executive Team (26)

Name Title Board Seat Contact Info
Daniel Cane Co-Founder & Chief Executive Officer
Michael Sherling MD Co-Founder & Chief Medical Officer & Chief Strategy Officer
Mark Fleisher JD Vice President & General Counsel
Joe Harpaz President & Chief Operating Officer
Michelle Scheer Co-Founder & Chief Financial Officer
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Modernizing Medicine Board Members (4)

Name Representing Role Since
000 0000000 Warburg Pincus Board Member 000 0000
00000 0000000 Modernizing Medicine Board Member 000 0000
0000 000000 Warburg Pincus Board Member 000 0000
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Modernizing Medicine Signals

Growth Rate

0.80% Weekly
Growth
Weekly Growth 0.80%, 93rd %
-35.5%. 530%

Size Multiple

219x Median
Size Multiple 219x, 100th %ile
0.00x 0.95x. 413Kx

Key Data Points

Twitter Followers

5.5k

Similarweb Unique Visitors

15.0K

Majestic Referring Domains

314

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Modernizing Medicine Investors

Investor Name Investor Type Holding Investor Since Participating Rounds Contact Info

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Modernizing Medicine Investments & Acquisitions (5)

Company Name Deal Date Deal Type Deal Size Industry Lead Partner
00000 (000000 08-Feb-2022 0000000000 Enterprise Systems (Healthcare) 000000 00
0000000 14-Apr-2021 0000000000 Enterprise Systems (Healthcare) 000000 00
00000000 12-Jan-2021 0000000000 Medical Records Systems 000000 00
0000000 00000 01-Sep-2015 0000000000 Medical Records Systems 000000 00
Aesyntix Health 22-Dec-2014 Merger/Acquisition Medical Records Systems 000000 00
To view Modernizing Medicine’s complete investments and acquisitions history, request access »

Modernizing Medicine Subsidiaries (3)

Company Name Industry Location Founded
Klara (Enterprise Systems) Enterprise Systems (Healthcare) New York, NY 2013
00000000 Medical Records Systems Bethlehem, PA 0000
0000000 0000000 00 Medical Records Systems Weston, FL 0000
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