Navigation Links
Practice Fusion Announces $34 Million in Financing Led by Artis Ventures
Date:6/28/2012

SAN FRANCISCO, June 28, 2012 /PRNewswire/ -- Practice Fusion, America's largest physician-patient community, announced today securing a $34 million Series C round of financing led by Artis Ventures, with participation from long-time investors Felicis Ventures and Band of Angels, as well as Glynn Capital, Ali and Hadi Partovi, Founders Fund, Morgenthaler Ventures, Scott Banister, SV Angel, Ghost Angel, Barton Asset Management, and a number of other institutional and individual investors.

(Logo: http://photos.prnewswire.com/prnh/20091118/PFLOGO)

Launched in 2007, the Electronic Medical Record (EMR) platform now serves more than 150,000 medical providers and 40 million patients. Practice Fusion's free, web-based EMR is available anytime, anywhere. Medical professionals using Practice Fusion have already received over $30M in federal stimulus incentives. EMR technology improves the overall efficiency of medical practices across the US by eliminating paper charts and digitalizing the entire workflow of patient healthcare including charting, scheduling, e-prescribing, referral letters and lab integrations - while also giving patients access to their personal health records.

"One out of four doctors choosing an EMR today chooses Practice Fusion. As a result we have become the largest physician-patient platform in the US," said Ryan Howard CEO and Founder of Practice Fusion. "This investment will accelerate the launch of our patient strategy as well as the company's API platform and allow us to continue to dominate the market."

Key Facts:

  • Practice Fusion's $34 million Series C financing is led by Artis Ventures
  • Additional participants include returning Band of Angels and Felicis Ventures, as well as Glynn Capital, Ali and Hadi Partovi, Founders Fund, Morgenthaler Ventures, Scott Banister, SV Angel, Ghost Angel, and Barton Asset Management
  • To date, the company has raised $64 million
  • Launched in 2007, Practice Fusion is the first free, web-based EMR system and is now the largest physician-patient community in the US
  • More than 150,000 medical providers serve 40 million patients through Practice Fusion's network, approximately ten percent of the US population and more than double the Kaiser and VA populations combined

"Not since YouTube have we seen a company with such spectacular growth, capable of having such a profound and lasting positive impact on our daily lives," said Mike Harden, Partner at Artis Ventures. "By empowering doctors and patients with easy-to-use health management tools, Practice Fusion stands out as an establishment of genuine progress."

"Practice Fusion continues to be a leader in addressing the inefficiencies in healthcare—providing a single, free platform through which every doctor and patient can manage health," said Aydin Senkut, Managing Director of Felicis Ventures. "Millions of Americans will benefit as a result of Practice Fusion's focus on saving patient lives." 

About Practice Fusion

Practice Fusion provides a free, web-based EMR system to physicians. With patient charting, scheduling, e-prescribing (eRx), lab integrations, referral letters, Meaningful Use certification, unlimited support and a Personal Health Record for patients, Practice Fusion's EMR addresses the complex needs of today's healthcare providers and disrupts the health IT status quo. Practice Fusion is America's largest physician-patient community with more than 150,000 medical providers serving 40 million patients. In June 2012, the company closed a $34 million Series C round of financing led by Artis Ventures. To date, the company has raised more than $60 million. For more information about Practice Fusion, please visit http://www.practicefusion.com.

About Artis Ventures

Artis Ventures supports and partners with entrepreneurs who are driven to positively impact their world through disruptive technological innovation. Companies the firm has backed include YouTube, StemCentrx, Nimble Storage, Aruba Networks, and KiOR.    

Media Contact:
Stephanie Schlegel
+1-415-692-7186
sschlegel@practicefusion.com


'/>"/>
SOURCE Practice Fusion
Copyright©2012 PR Newswire.
All rights reserved

Related medicine technology :

1. Innovations for Osteoarthritis, Sports Injuries and Orthopedic Practices
2. AIUM and AUA Guideline Development Leads To Practice Accreditation For Urologic Ultrasound
3. Billians HealthDATA Expands Market Coverage to Include Physician Group Practices
4. Physicians Practice Recognized for Print and Digital Excellence
5. Oriel STAT A MATRIX Welcomes New Global Practice Head for Medical Devices and Life Sciences
6. InfuSystem Holdings Modifies Bylaws to Align with Corporate Governance Best Practices
7. Clean Room Environmental Best Practices for Medical Device & Pharmaceutical Manufacturers are Focus of Boston Seminar on June 6
8. Elekta to Demonstrate Latest MOSAIQ OIS Innovations for Oncology Practices at 2012 ASCO Annual Meeting
9. EQUICARE CS Cancer Survivorship Case Management Software Listed as a "Best Practices" Resource by the American College of Surgeons Commission on Cancer (COC)
10. Rethinking Research Ethics: Carnegie Mellon and McGill Researchers Challenge Post-marketing Trial Practices
11. Practice Fusion Launches API to Democratize Lab Integrations
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:10/10/2017)... -- NDS received FDA 510(k) clearance in May 2017 for its highly ... designed for endoscopy environments. An innovative secondary monitor solution, ZeroWire ... support the improvement of patient outcomes, procedural efficiency, and the lowering ... ... ...
(Date:10/4/2017)... 4, 2017  South Korean-based healthcare product Development Company ... "cprCUBE" on Kickstarter. The device will educate the user ... with better efficiency compared to the dated and pricey ... on efficacy of the compression for a more informed ... goal to raise $5,000. ...
(Date:10/2/2017)... 2017  Eli Lilly and Company (NYSE: ... third quarter of 2017 on Tuesday, October 24, 2017. ... day with the investment community and media to further ... call will begin at 9 a.m. Eastern time. Investors, ... webcast of the conference call through a link that ...
Breaking Medicine Technology:
(Date:10/13/2017)... (PRWEB) , ... October 13, 2017 , ... Apple ... care services, staged a mock evacuation of the facility as part of a disaster ... Fire Department, Echo Hose EMS and Shelton City Emergency Manager, as well as the ...
(Date:10/13/2017)... , ... October 13, 2017 , ... Global Healthcare Management’s ... Alexandria Park in Milford, NJ. This free event, sponsored by Global Healthcare Management’s ... The fun run is geared towards children of all ages; it is a ...
(Date:10/13/2017)... ... October 13, 2017 , ... “The Journey: From the ... danger possible to save lost souls in the Philippines. “The Journey: From the Mountains ... a dedicated teacher of the Bible. She has taught all ages and currently teaches ...
(Date:10/12/2017)... ... October 12, 2017 , ... Planet Fitness, one of the largest and ... plans to open a flagship location in Covington, LA at 401 N. U.S. Highway ... store next to Office Depot in the Holiday Square shopping center. Its location allows ...
(Date:10/12/2017)... ... 2017 , ... Asante, a nationally recognized health system in ... existing home health joint venture through an agreement, effective October 1, 2017, to ... home health company with Asante, delivering clinically integrated care, for the past eight ...
Breaking Medicine News(10 mins):