Practice Fusion, a San Francisco, CA-based healthcare records management startup, raised $70m in Series D funding.
– Kleiner Perkins Caufield & Byers,
– OrbiMed Advisors,
– Deerfield Management Co.,
– Artis Ventures,
– Morgenthaler Ventures,
– Felicis Ventures,
– Glynn Capital Management,
– Band of Angels Acorn Fund,
– H Barton Co-Invest Fund, and
– Goldcrest Investments.
In conjunction with the funding, Beth Seidenberg, general partner at Kleiner Perkins Caufield & Byers, and Michael Harden, partner at Artis Ventures, joined Practice’s board.
The company intends to use the proceeds from the funding, which brought the total amount raised to date to $134m, to expand its offerings and conduct new clinical data research and development.
Founded in 2005 by Ryan Howard, CEO, Practice Fusion developed a free, web-based model for electronic medical record technology.
It is today used by more than 100,000 medical professionals to document, prescribe, order labs, communicate with other providers and earn incentives. In April 2013, the company launched its consumer offering at PatientFusion.com, which provides consumers with online appointment booking, physician quality transparency, access to medical records and health spending tools.
Practice Fusion partners with 18 of the top 20 US pharmaceutical brands and over 300 enterprises including labs, imaging centers and billing services.
It is hiring.
28/02/2013: Practice Fusion Acquires 100Plus
28/06/2012: Practice Fusion Secures $34M in Series C Financing
11/01/2012: Practice Fusion Raises Additional $2M in Funding
20/09/2011: Practice Fusion Raises over $6M