Financials

Estimates*

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Revenues, earnings & profits over time
USD2017201820192020202120222023
Revenues111m119m134m147m194m230m280m
% growth-7 %13 %10 %32 %19 %22 %
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DateInvestorsAmountRound
-

N/A

-

$425k

Debt
N/A

$7.1m

Early VC

$12.0m

Series B

$14.0m

Series C

$15.0m

Series D

$5.0m

Debt

$38.0m

Series E
*

€210m

Growth Equity VC
N/A

$53.4m

Late VC
Total FundingAUD573m

Recent News about Modernizing Medicine

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More about Modernizing Medicine
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Modernizing Medicine, operating under the website modmed.com, is a healthcare technology company that provides specialty-specific Electronic Health Records (EHR) systems and solutions. The company's primary offerings are EMA and gGastro EHR, software systems that are designed to streamline the workflow of healthcare providers, allowing them to focus more on patient care rather than administrative tasks. These systems are capable of learning and adjusting to the specific practices of the user, making them highly adaptable and efficient.

The company serves a wide range of clients, primarily healthcare providers across various specialties. It operates in the healthcare technology market, a sector that is rapidly growing due to the increasing need for efficient and effective healthcare delivery systems.

Modernizing Medicine's business model revolves around the provision of its EHR systems and solutions. The company generates revenue through the sale of its software products and related services. These services include practice management systems that help healthcare providers schedule appointments, manage documents and billing, and access metrics-driven reports with ease. The company also offers a revenue cycle management service, which helps healthcare providers manage their revenue streams more effectively.

In summary, Modernizing Medicine is a healthcare technology company that provides specialty-specific EHR systems and solutions to healthcare providers, helping them streamline their workflow and focus more on patient care.

Keywords: Healthcare Technology, Electronic Health Records (EHR), Specialty-Specific Solutions, Workflow Efficiency, Patient Care, Practice Management Systems, Revenue Cycle Management, Software Sales, Service Provision, Healthcare Providers.

Tech stack

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Tech stackLearn more about the technologies and tools that this company uses.

Investments by Modernizing Medicine

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Klara
ACQUISITION by Modernizing Medicine Feb 2022
GMed
ACQUISITION by Modernizing Medicine Jul 2015
Aesyntix
ACQUISITION by Modernizing Medicine Dec 2014
Avant IT Solutions (TRAKnet)
ACQUISITION by Modernizing Medicine Apr 2021