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Practice Fusion Raises $70M to Solve the Health Care Crisis with Big Data

By   /  September 25, 2013  /  2 Comments

pfby Angela Guess

Rip Empson of TechCrunch reports, “The world of digital health startups has begun to explode over the last two years — and innovation in healthcare along with it — but nonetheless, the latest reports show a landscape that is still suffering from a dearth of seed investments, investors that are still ‘dabbling, and an absence of a powerful player like Google or Facebook. Today, however, Practice Fusion appears poised to take up the reigns and perhaps create that blockbuster IPO that the digital health space has been waiting for. Since its inception in 2005, Practice Fusion has been on a mission to re-invent the stodgy, archaic world of Healthcare IT by offering a free, digital platform for Electronic Medical Records (EMRs) to doctors, their practices and their patients. Fast forward to 2013, and over 100,000 doctors have adopted Practice Fusion’s EMR platform and are now using it to prescribe, communicate with providers, order labs and document visits.”

Empson continues, “Today, the startup made it clear just how strong its growth has been over the past few years, announcing a whopping $70 million Series D investment, led by Kleiner Perkins Caufield & Byers (KPCB) and institutional investors OrbiMed Advisors and Deerfield Management Company. The startup’s existing investors, including Artis Ventures, Morgenthaler Ventures and Felicis Ventures also contributed to the round, which brings its total capital to $134 million.”

Read more here.

photo credit: Practice Fusion

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