Modernizing Medicine Completes $12M Financing

Modernizing Medicine, a Boca Raton, Florida-based developer of a cloud-based specialty-specific EMR application, completed a $12m equity and debt financing.

The equity round was led by existing investor Pentland Group plc, and joined by company’s customers including David F. Jaffe, MD, Dr. Young Cho, MD, EMA Plastic Surgery beta tester, as well as other physicians in the plastics, orthopedics and ENT markets.

Modernizing Medicine plans to use the funding to accelerate growth in existing markets, launch into new specialty-specific verticals and to continue ongoing product innovation.

Led by Dan Cane, CEO and co-Founder, the company provides phisicians in the dermatology, ophthalmology, optometry and plastic surgery markets with its Electronic Medical Assistant™ (EMA), a cloud-based specialty-specific EMR with a library of built-in medical content and with the ability to generate medical history, as well as notes, billing, prescriptions, patient handouts and encounter forms. It is available as a native iPad application, or from any web-enabled Mac or PC.

Modernizing Medicine plans to launch EMA for the orthopedic and ENT markets in 2013.



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