Free EHR, EHR and Healthcare IT Newsletter Want to receive the latest updates on EHR, EMR and Healthcare IT news sent straight to your email? Get all the latest EHR News for FREE!

Modernizing Medicine Closes First $15M Tranche of Expected $20M Round of Funding

New round of funding led by Summit Partners and Pentland Group is expected to support product development, market expansion and company growth

Boca Raton, Florida – November 11, 2014 – Modernizing Medicine, Inc., the creator of the Electronic Medical Assistant® (EMA™), a cloud-based, specialty-specific electronic medical record (EMR) system, announced that it has closed on approximately $15M of an expected $20M funding round. The latest funding comes from existing investors, led by Summit Partners and Pentland Group, many of whom are medical specialists who use EMA.

“At Modernizing Medicine we believe that properly captured and leveraged health data has the power to increase efficiency, improve patient outcomes and transform healthcare,” said Daniel Cane, CEO and co-founder of Modernizing Medicine. “This latest round of funding reinforces that belief and the strength of our market-differentiating products and services. With the investment we intend to continue focused development in the surgical-specialties, while also committing resources for development in telemedicine, IBM Watson and mobile applications.”

Developed by surgical physicians, EMA contains built-in specialty-specific medical knowledge and workflows. It can be accessed via the Internet virtually anywhere and at any time. This flexible format, combined with EMA’s touch-screen interface and advanced ICD-10 capabilities, gives providers the freedom they need to focus on their patients with the reassurance that charting plus coding for billing can be completed at the point of care.

Currently serving eight different medical specialties, more than 4,000 providers have adopted Modernizing Medicine’s EMA in their practices.

“Healthcare professionals need tailored technologies that make it easy not only to manage but also benefit from the exploding amounts of patient data,” said Michael Sherling, MD, Modernizing Medicine’s co-founder and chief medical officer. “In a relatively short time, we have developed a solution that does just that, enabling us to capture substantial market share and emerge as a physician-favorite EMR system. In the dermatology specialty alone, more than 26 percent of U.S. dermatologists now use EMA.”

Modernizing Medicine continues to be recognized for its exceptional culture, leadership and growth. The company expects its employee base to continue to grow with approximately 100 new positions being created in the next 12-18 months. Co-founders Cane and Sherling were recently honored with the Leadership in Health Care Award by the U.S. Chamber of Commerce. The company was also named in Red Herring’s Top 100 North America list, which recognizes the top private companies across the continent that are expected to achieve significant growth in the near future.

About Modernizing Medicine

Modernizing Medicine® is transforming how healthcare information is created, consumed and utilized in order to increase efficiency and improve outcomes. Our product, Electronic Medical Assistant® (EMA™), is a cloud-based, specialty-specific electronic medical record (EMR) system with a massive library of built-in medical content. Available as a native iPad application or from almost any web-enabled Mac or PC, EMA adapts to each provider’s unique style of practice and is designed to interface with hundreds of different practice management systems. Today, Modernizing Medicine provides specialty-specific offerings for the dermatology, ophthalmology, orthopedics, otolaryngology, gastroenterology, rheumatology, urology and plastic and cosmetic surgery markets and to more than 1,400 physician practices across the country.

November 11, 2014 I Written By

John Lynn is the Founder of the HealthcareScene.com blog network which currently consists of 15 blogs containing almost 6000 articles with John having written over 3000 of the articles himself. These EMR and Healthcare IT related articles have been viewed over 13 million times. John also manages Healthcare IT Central and Healthcare IT Today, the leading career Health IT job board and blog. John is co-founder of InfluentialNetworks.com and Physia.com. John is highly involved in social media, and in addition to his blogs can also be found on Twitter: @techguy and @ehrandhit.

Amazing Charts Launches Practice Management System

Cloud-Based PM Module Is Seamlessly Integrated With EHR Rated #1 for Usability

BOSTON, MA–(Marketwired – November 03, 2014) – Amazing Charts, a leading developer of Electronic Health Record (EHR) systems for physician practices, today announced the general availability of Amazing Charts Practice Management (PM), a revenue cycle management system with fully automated benefits and eligibility checking, all-payor clearinghouse connection and comprehensive financial reporting.

Amazing Charts Practice Management is fully and seamlessly integrated into Amazing Charts EHR to help clinicians improve clinical documentation and manage financial workflows. The user-friendly billing module enables a practice to manage the entire patient visit — from eligibility and scheduling to clinical documentation, billing and reporting — with a single easy-to-use system.

“We built Amazing Charts Practice Management to the same high standards for usability that we apply to Amazing Charts EHR, which is recognized in survey after survey as number one among leading EHRs for being intuitive and easy to use,” said John Squire, president and COO of Amazing Charts. “Now, physicians can purchase a single integrated clinical documentation and billing solution from Amazing Charts, saving time and eliminating errors, while helping to increase revenue and profitability. This new solution will help clinicians and administrators alike to meet the demands of managing independent medical practices.”

Pricing and Availability
Amazing Charts Practice Management is available immediately and priced at $249 per billable provider per month. Full onboarding, staff training, data conversion, an electronic clearinghouse connection, and ongoing technical support are all included in this charge. Amazing Charts Practice Management is sold only as a separate add-on module to Amazing Charts EHR.

About Amazing Charts
Amazing Charts provides Electronic Health Records (EHR/EMR), Practice Management, and other Health IT solutions to healthcare practices. Based on number one user ratings for usability, fair pricing, and overall satisfaction, Amazing Charts EHR has been adopted by more than 10,000 clinicians in over 6,800 private practices. Founded in 2001 by a family physician, today Amazing Charts.com, LLC operates as a subsidiary of Pri‐Med, an operating division of Diversified Communications (DC) and a trusted source for professional medical education to over 260,000 clinicians since 1995. For more information, visit: www.amazingcharts.com.

Amazing Charts is a trademark of Amazing Charts, LLC. All products or service names mentioned herein are trademarks of their respective owners.

November 3, 2014 I Written By

John Lynn is the Founder of the HealthcareScene.com blog network which currently consists of 15 blogs containing almost 6000 articles with John having written over 3000 of the articles himself. These EMR and Healthcare IT related articles have been viewed over 13 million times. John also manages Healthcare IT Central and Healthcare IT Today, the leading career Health IT job board and blog. John is co-founder of InfluentialNetworks.com and Physia.com. John is highly involved in social media, and in addition to his blogs can also be found on Twitter: @techguy and @ehrandhit.

Kareo Secures $15 Million in Mezzanine Debt from Escalate Capital Partners

Latest investment brings total capital raised in 2014 to $47MM, new capital will be used to further expand Kareo’s cloud-based solutions for independent physicians

Irvine, CAOctober 24, 2014 Kareo, the leading provider of cloud-based medical office software for small medical practices, today announced that it has received $15 million in mezzanine debt from Escalate Capital Partners, an institutionally backed mezzanine fund that invests in high growth companies in the technology, healthcare and Software-as-a-Service (SaaS) industries. In 2014, Kareo has secured a total of $47 million in funding, reinforcing the company’s unprecedented growth and further enhancing Kareo’s role as the independent physician’s trusted partner.

Kareo enables independent physicians and their staff to streamline patient engagement, clinical documentation, billing, and other critical administrative processes in order to focus on what matters most—providing quality patient care. The $15 million in new growth capital will be used to further expand Kareo’s reach and deepen its solution set to meet inevitable demand due to patient-driven shifts in the industry, while accelerating the development and innovation of the company’s cloud-based technology.

“The shift toward consumer-driven care is continuing to gain momentum,” says Dan Rodrigues, founder and CEO of Kareo, “and we believe that independent practices are uniquely positioned to benefit from this trend and provide the most appropriate and highest quality care to patients. We are delighted to have the backing and confidence of Escalate as we further enhance our products to better support small practices.”

Kareo’s mission has been affirmed by its significant growth. The company has been consistently recognized as one of the fastest growing private companies in the U.S., realizing a 552 percent increase in revenue over the past three years. The company now serves more than 25,000 healthcare providers with its award-winning EHR, practice management and billing services platform, and is adding more than 500 provider customers per month.

“Kareo’s unique business model and market-leading solutions are changing the game in healthcare IT,” says Ross Cockrell, managing director at Escalate Capital Partners. “There is considerable market opportunity for Kareo as independent physicians provide the majority of patient care in the United States. And with increasing focus on fee-for-quality reimbursement models, this trend will likely continue. Kareo is well poised to sustain its growth record and we are excited to be a part of its continued success.”

The latest financing brings Kareo’s total capital raised to $90 million. New investor Escalate Capital Partners joins Kareo’s group of top-tier institutional investors which also include OpenView Venture Partners, Greenspring Associates, Stripes Group, Silicon Valley Bank and Western Technology Investments.

About Kareo

Kareo is the only cloud-based medical office software and services platform purpose-built for small practices. At Kareo, we believe that, with the right tools and support, small practices can do big things. We offer an integrated solution of products and services designed to help physicians get paid faster, run their business smarter, and provide better care. Our practice management softwarebilling services, and free, award-winning fully certified EHR help more than 25,000 medical providers more efficiently manage the business and clinical sides of their practice. Kareo has received extensive industry recognition, including the Deloitte Technology Fast 500, Inc. 500/5000, Forbes Top 100 Most Promising Companies, and Black Book #1 Integrated EHR, Practice Management and Billing Vendor. Headquartered in Irvine, California, the Kareo mission is to help providers spend their time focused on patients, not paperwork. For more information, visit www.kareo.com.

About Escalate Capital Partners

Escalate Capital Partners is an institutionally backed mezzanine fund that invests in high growth companies and is an ideal partner at the critical growth phase in a company’s lifecycle, offering patient capital tailored to each company’s unique needs. Escalate Capital has built a track record as a valued and committed partner through periods of robust growth and economic uncertainty. The Escalate Capital investment team has a combined 75+ years of experience and has invested more than $2 billion in over 500 companies.

October 24, 2014 I Written By

John Lynn is the Founder of the HealthcareScene.com blog network which currently consists of 15 blogs containing almost 6000 articles with John having written over 3000 of the articles himself. These EMR and Healthcare IT related articles have been viewed over 13 million times. John also manages Healthcare IT Central and Healthcare IT Today, the leading career Health IT job board and blog. John is co-founder of InfluentialNetworks.com and Physia.com. John is highly involved in social media, and in addition to his blogs can also be found on Twitter: @techguy and @ehrandhit.

Nextech to Acquire MDIntelleSys, the Leading Cloud-Based EHR for Eye Care

Tampa, Florida – October 2, 2014 – Nextech Systems, a leading provider of specialty-focused healthcare technology solutions for physician practices, and MDIntelleSys (MDI), a leading cloud-based electronic health record (EHR) for ophthalmologists, today announced that they have entered a strategic agreement in which Nextech will acquire MDI. The acquisition of MDI effectively doubles Nextech’s ophthalmology market share while adding clinical depth and ophthalmic expertise to Nextech’s suite of solutions. It will also allow Nextech to immediately provide its cloud-based practice management solutions to MDI customers.

“This strategic acquisition strengthens Nextech’s position as the industry leader in specialty-specific healthcare IT solutions, and by combining our product portfolio with MDI, we will be able to offer a collective SaaS presence in our markets,” says David Henriksen, CEO of Nextech. “Together, MDI and Nextech will drive product innovation and deeper engagement with our customers and partners to support the unique needs of specialty physicians.”

Nextech is the largest specialty-specific EHR provider and is the only specialty EHR to be ranked in Medscape’s “Top Favorite EHR List.” Nextech’s industry leading position is supported by the strategic experience and financial strength of healthcare technology focused private equity firm Francisco Partners. In October of last year, Francisco Partners made a strategic investment in Nextech due to its strength and stability as the largest all-in-one specialty specific solution. Through this acquisition, MDI clients are now able to take advantage of Nextech’s full product suite of integrated solutions, including practice management, marketing, inventory and optical shop management modules. These customers will also gain access to Nextech’s consultative services with regard to meeting requirements for meaningful use and ICD-10.

“It is the goal of both Nextech and MDI to capitalize on our joint success in the ophthalmology market to further advance our solution offerings,” says Dan Montzka, MD, founder, chairman and CEO of MDIntelleSys. “This transaction will enhance both companies’ offerings immensely, better serving the needs of more than 25,000 ophthalmologists in the United States alone.”

By joining forces with MDI, which ranked number one in nine categories on the American Society of Ophthalmic Administrators (ASOA) 2013 EHR Customer Satisfaction Survey, Nextech is able to further extend its position as the premier specialty-specific solution for ophthalmology practices. Nextech will leverage MDI’s Software as a Service (SaaS) capabilities to expand the company’s cloud offering, extending the usability and reach of Nextech’s integrated solution. Nextech will now offer both a client-server model and cloud-based solution to meet each practice’s unique needs.

“Over the years, I have admired MDI’s excellence in customer service, clinical product focus and its unique SaaS offering.   A testament to the leadership and passion of Dr. Montzka and his team,” says Dr. Kamal Majeed, Founder and Board Member of Nextech. “Combined with Nextech’s all-encompassing products and mobile platforms, this partnership creates a powerful and most unique offering in the market.”

Dr. Dan Montzka will assume the role of Chief Medical Officer at Nextech. While still subject to customary closing conditions, MDIntelleSys, LLC will now be known as MDIntelleSys, a Nextech company. The product portfolios from both companies will continue to move forward as Nextech and MDI work to advance and combine their respective solution offerings.

About Nextech

Nextech deploys specialty-focused healthcare technology for physician practices. As a trusted advisor to thousands of specialty providers since 1997, Nextech delivers consultative guidance, professional services and innovative tools that enable clients to increase efficiencies while meeting their long-term business goals. The company’s robust solutions integrate seamlessly with value-added modules to create a single, intuitive platform that streamlines clinical, administrative, financial and marketing workflows. To learn how Nextech’s advanced offerings help specialty providers succeed in a fast-changing healthcare environment, visitwww.nextech.com.

About MDIntelleSys

MDIntelleSys, A Nextech Company, located in Clearwater, Florida designs, develops and markets intelligent healthcare solutions for ophthalmologists. MDI’s electronic health records (“EHR”) software, called IntelleChart, is the leading cloud based EHR specifically designed for eye care specialists. For additional information visit: www.mdiehr.com.

About Francisco Partners 

Francisco Partners is a global private equity firm that specializes in investments in technology companies. Since its launch over a decade ago, FP has raised approximately $7 billion and invested in more than 100 technology companies, making it one of the most active investors in the industry.  The firm invests in transaction values ranging from $50 million to over $2 billion, where the firm’s deep sub-sector knowledge and operational expertise can help a company realize its full potential. For further information, please visit: www.franciscopartners.com.

October 6, 2014 I Written By

John Lynn is the Founder of the HealthcareScene.com blog network which currently consists of 15 blogs containing almost 6000 articles with John having written over 3000 of the articles himself. These EMR and Healthcare IT related articles have been viewed over 13 million times. John also manages Healthcare IT Central and Healthcare IT Today, the leading career Health IT job board and blog. John is co-founder of InfluentialNetworks.com and Physia.com. John is highly involved in social media, and in addition to his blogs can also be found on Twitter: @techguy and @ehrandhit.

ADP AdvancedMD EHR Receives ONC-ACB Certification by Drummond Group

ADP AdvancedMD continues efforts to help small medical practices earn maximum government incentives and avoid future penalties

Salt Lake City, UT – (September 17, 2014)ADP® AdvancedMD a leader in all-in-one, cloudelectronic health records (EHR), practice management, medical scheduling, medical billing services as well as a pioneer of big data reporting and business intelligence for smaller medical practices, today announced it has been tested and certified under the Drummond Group’s Electronic Health Records Office of the National Coordinator Authorized Certification Body (ONC-ACB) program. ADP AdvancedMD EHR software is compliant in accordance with the criteria adopted by the Secretary of the U.S. Department of Health and Human Services.

Drummond Group’s ONC-ACB certification program certifies that EHRs meet the meaningful use criteria for either eligible provider or hospital technology. In turn, healthcare providers using the EHR systems of certified vendors are qualified to receive federal stimulus monies upon demonstrating meaningful use of the technology – a key component of the federal government’s push to improve clinical care delivery through the adoption and effective use of EHRs by U.S. healthcare providers.

Maintaining compliance in the ever-changing regulatory landscape is increasingly demanding for independent medical practices. As one of the earliest providers of true software-as-a-service (SaaS) medical office software, ADP AdvancedMD offers speed and savings related to updates and upgrades with all users so they are automatically and continuously upgraded to the latest version as part of their monthly subscription.

ADP AdvancedMD EHR, version 2014.1, which meets the requirements for a Complete EHR, provides the independent physician with clinical solutions to manage patient care from anywhere with improved workflow efficiency and operational control. Flexible and customizable patient encounter documentation can be configured to complement broad work style and clinical approaches.

“This certification wasn’t about getting a checkbox or a listing on the ONC website as much as we felt it an opportunity to help our independent physician customers engage in the benefits of MU2,” said Raul Villar, president, ADP AdvancedMD. “The additions we’ve made to our product suite will help propel independent physicians into the next generation of healthcare IT in a way that previously was unavailable to them. We are proud to be the engine to empower that transition and transformation for our customers. We see this as the beginning, not the finish line.”

This Complete EHR is 2014 Edition compliant and has been certified by an ONC-ACB in accordance with the applicable certification criteria adopted by the Secretary of the U.S. Department of Health and Human Services. This certification does not represent an endorsement by the U.S. Department of Health and Human Services or guarantee the receipt of incentive payments. As a cloud technology, ADP AdvancedMD is an all-inclusive product and service. There is a one-time setup fee that covers the implementation and training. The monthly service fee is comprehensive and there are no additional costs that an eligible provider would pay to implement for the purposes of achieving meaningful use. Interface development, configuration, or other required patient services might require additional fees.

Certification of EHR Compliance

  • ADP AdvancedMD EHR v2014.1
  • Certification Number: 09112014?2755?1
  • Certification date: September 11, 2014
  • Modules Tested: 170.314 (a)(1?15); (b)(1?5, 7); (c)(1?3); (d)(1?9); (e)(1?3); (f)(1?3); (g)(2?4)
  • Clinical Quality Measures tested: 50v2; 68v3; 69v2; 75v2; 90v3; 122v2; 123v2; 126v2; 127v2; 131v2; 138v2; 139v2; 146v2; 154v2; 155v2; 156v2; 165v2; 166v3
  • Additional software used: Surescripts Network for Clinical Interoperability

About ADP

With more than $12 billion in revenues and 65 years of experience, ADP® (Nasdaq: ADP) serves approximately 637,000 clients in more than 125 countries.  As one of the world’s largest providers of business outsourcing and Human Capital Management solutions, ADP offers a wide range of human resource, payroll, talent management, tax and benefits administration solutions from a single source, and helps clients comply with regulatory and legislative changes, such as the Affordable Care Act (ACA).  ADP’s easy-to-use solutions for employers provide superior value to companies of all types and sizes.  ADP is also a leading provider of integrated computing solutions to auto, truck, motorcycle, marine, recreational vehicle, and heavy equipment dealers throughout the world.  For more information about ADP, visit the company’s Web site at www.ADP.com

The ADP logo and ADP are registered trademarks of ADP, LLC. All other marks are the property of their respective owners. Copyright © 2014 ADP, LLC.

About Drummond Group Inc.
Drummond Group Inc. is a global software test and certification lab that serves a wide range of vertical industries.  In healthcare, Drummond Group tests and certifies Controlled Substance Ordering Systems (CSOS), Electronic Prescription of Controlled Substances (EPCS) software and processes, and Electronic Health Records (EHRs) – designating the trusted test lab as the only third-party certifier of all three initiatives designed to move the industry toward a digital future. Founded in 1999, and accredited for the Office of the National Coordinator HIT Certification Program as an Authorized Certification Body (ACB) and an Accredited Test Lab (ATL), Drummond Group continues to build upon its deep experience and expertise necessary to deliver reliable and cost-effective services. For more information, please visithttp://www.drummondgroup.com or email DGI@drummondgroup.com.

September 17, 2014 I Written By

John Lynn is the Founder of the HealthcareScene.com blog network which currently consists of 15 blogs containing almost 6000 articles with John having written over 3000 of the articles himself. These EMR and Healthcare IT related articles have been viewed over 13 million times. John also manages Healthcare IT Central and Healthcare IT Today, the leading career Health IT job board and blog. John is co-founder of InfluentialNetworks.com and Physia.com. John is highly involved in social media, and in addition to his blogs can also be found on Twitter: @techguy and @ehrandhit.

Pri-Med and Amazing Charts Unveil New Technology to Address Clinician Dissatisfaction With Electronic Health Records

Pri-Med InLight™ EHR Is the First Commercially Available System to Feature Intuitive, Problem-Oriented Workflow to Help Clinicians Save Time and Improve Patient Care

BOSTON, MA–(Marketwired – September 12, 2014) – DBC Pri-Med LLC, the leading provider of professional medical education to a community of more than 260,000 clinicians, today announced the release of Pri-Med InLight EHR. This latest advancement is the first problem-oriented, clinical documentation system designed to increase professional satisfaction and improve patient outcomes by enabling clinicians to deliver higher quality care more efficiently.

Rob Tholemeier, Director of Chilmark Research, a global research and advisory firm that focuses solely on the market for HIT solutions, said: “Current EHRs look like they were designed for back-office staff, not physicians making life or death decisions. There is a gaping need for a new approach to clinical documentation that actually enhances the practice of medicine. From the demos I’ve seen, Pri-Med InLight appears to bring a new level of intelligence to EHRs by learning from you as you practice, and then organizing and presenting information in a way that actually enhances interaction with patients instead of detracting from it.”

InLight combines the highly-rated usability features of Amazing Charts with a pioneering problem-oriented medical record developed at Massachusetts General Hospital (MGH) and the legacy of Pri-Med’s world-class medical education. The key breakthrough is a problem-oriented workflow that organizes information more intuitively, making it faster and easier for clinicians to use. Advantages include:

  • Easy to Use - Pri-Med InLight is a thinking EHR. InLight learns as clinicians practice and then anticipates their needs, providing the right information when they need it. Innovative features, such as the physician-friendly problem vocabulary and one-click ordering, make InLight powerful yet incredibly easy to use.
  • Saves Time – Pri-Med InLight minimizes the distractions of documentation and coding so clinicians can focus on face-to-face interaction with patients and deliver high-quality care. InLight users can access information in a fraction of the time of most current EHRs, giving them more time facing patients and less time facing a screen.
  • Improves Patient Care – Pri-Med InLight improves the hand-off of patients between primary care and specialists for continuity of shared care. Point-of-care medical education, tailored to patients’ specific needs, helps clinicians make more informed clinical decisions.

“Until now, most EHR systems have been seen as a burden, feeding a rising tide of professional dissatisfaction,” said Dr. John Goodson, staff internist at Massachusetts General Hospital and associate professor of medicine at Harvard Medical School. “They create a barrier to patients, and keep clinicians in the office late completing charts. Pri-Med InLight not only solves these issues but also gives clinicians new tools for better patient care.”

“We set out to pioneer an electronic health record that is uniquely designed to think the way doctors think and help them make sound medical decisions,” said John Mooney, founder and CEO of Pri-Med. “Built by clinicians for clinicians, InLight is problem-oriented so clinicians can be people-oriented.”

For more information, please visit www.inlightehr.com.

About Pri-Med
Pri‐Med is an operating division of Diversified Communications. Based in Boston, Mass., the organization has been a trusted source for professional medical education to over 260,000 clinicians since 1995. Through live meetings in over 30 U.S. cities and online at www.pri-med.com, clinicians rely on Pri‐Med for opportunities to engage with local peers, meet internationally renowned faculty, and participate in world‐class educational activities. In 2012, Pri-Med purchased Amazing Charts, a leading provider of electronic health records (EHR) to independent medical practices. Amazing Charts operates as an independent operating subsidiary of Pri-Med. For more information, visit: www.amazingcharts.com.

September 12, 2014 I Written By

John Lynn is the Founder of the HealthcareScene.com blog network which currently consists of 15 blogs containing almost 6000 articles with John having written over 3000 of the articles himself. These EMR and Healthcare IT related articles have been viewed over 13 million times. John also manages Healthcare IT Central and Healthcare IT Today, the leading career Health IT job board and blog. John is co-founder of InfluentialNetworks.com and Physia.com. John is highly involved in social media, and in addition to his blogs can also be found on Twitter: @techguy and @ehrandhit.

CareCloud Raises $25.5 Million in Venture Debt from Hercules Technology Growth Capital

MIAMI–(BUSINESS WIRE)– CareCloud, the leading provider of cloud-based practice management, electronic health records (EHR), and medical billing software and services, today announced that it has received a $25.5 million debt financing commitment from Hercules Technology Growth Capital, Inc. (NYSE: HTGC), the leading specialty finance company focused on providing senior secured loans to venture capital-backed companies in technology-related markets, including technology, biotechnology, life science, and energy & renewable technology industries, at all stages of development.

“We are thrilled to have the support and confidence of a leading technology investor like Hercules as we continue to execute on our aggressive business plan,” said R. Scott Lentz, Chief Financial Officer of CareCloud. “This commitment will enable us to accelerate the expansion of our technology solutions and further our strategic objective of providing the industry’s first modern cloud-based platform for healthcare.”

“We appreciate the opportunity to provide the financing required to advance CareCloud’s efforts to expand its market footprint and achieve its impressive growth objectives,” commented Tony Pandjiris, Managing Director at Hercules. “We are confident that CareCloud’s strong management team will be able to seize on the considerable market opportunity as medical groups look to modernize their IT infrastructure and deliver the best patient care possible.”

CareCloud reported record revenue increases during the first quarter of 2014, representing its 17th consecutive quarter of year-over-year triple-digit revenue growth. During the quarter, CareCloud also signed a record of over 170 new medical groups to its cloud-based platform. The Company’s cloud-based platform currently supports thousands of providers in 48 states and manages more than $3 billion in annualized accounts receivables on behalf of its clients. The Company’s award-winning platform also engages more than 8 million unique patients through CareCloud Community, which allows for greater patient engagement and care coordination and is the cornerstone of the company’s vision to be the industry’s Single Log In for Healthcare.

While many physician practices are increasingly concerned about the health of their practices, CareCloud offers products and services to help. The May 2014 Practice Profitability Index (PPI) surveyed over 5,000 U.S. physicians and found they are now more than twice as likely to foresee eroding, not increasing, profits in 2014. Those with a negative outlook increased from 36% to 39% during the past year, while optimists declined from 22% to 19%.The percentage of doctors spending more than one day a week on paperwork rose sharply between 2013 and 2014, from 58% to 70%. Nearly one-quarter (23%) spend more than 40% of their time on administration, up from 15% last year.

About Hercules Technology Growth Capital, Inc.

Hercules Technology Growth Capital, Inc. (NYSE: HTGC) is the leading specialty finance company focused on providing senior secured loans to venture capital-backed companies in technology-related markets, including technology, biotechnology, life science, and energy & renewable technology industries, at all stages of development. Since inception (December 2003), Hercules has committed more than $4.2 billion to over 270 companies and is a lender of choice for entrepreneurs and venture capital firms seeking growth capital financing.

The Company’s common stock trades on the New York Stock Exchange under the ticker symbol “HTGC.”

In addition, Hercules has two outstanding bond issuances of 7.00 percent Senior Notes due 2019—the April 2019 Notes and September 2019 Notes—which trade on the NYSE under the symbols “HTGZ” and “HTGY,” respectively.

Companies interested in learning more about financing opportunities should contact info@htgc.com, or call 650.289.3060.

About CareCloud

CareCloud is the leading provider of cloud-based practice management, electronic health record (EHR), and medical billing software and services for medical groups. The company’s products are connecting providers to one another – and to their patients – through a fully integrated digital healthcare ecosystem that can be accessed on any browser or device.

CareCloud is helping thousands of physicians to increase collections, streamline operations and improve patient care in over 48 states, and currently manages over $3 billion in annualized accounts receivables on behalf of its revenue cycle management clients. To learn more about CareCloud, please visit www.carecloud.com.

June 26, 2014 I Written By

John Lynn is the Founder of the HealthcareScene.com blog network which currently consists of 15 blogs containing almost 6000 articles with John having written over 3000 of the articles himself. These EMR and Healthcare IT related articles have been viewed over 13 million times. John also manages Healthcare IT Central and Healthcare IT Today, the leading career Health IT job board and blog. John is co-founder of InfluentialNetworks.com and Physia.com. John is highly involved in social media, and in addition to his blogs can also be found on Twitter: @techguy and @ehrandhit.

FDB MedsTracker® Achieves 2014 Edition Modular EHR Health IT Certification from ICSA Labs

2014 Edition Certification Includes Ambulatory and Inpatient Settings

South San Francisco, CA – March 20, 2014 – First Databank (FDB), a leading provider of integrated drug knowledge, today announced the company’s medication reconciliation solution, FDB MedsTracker, has achieved 2014 Edition Ambulatory and Inpatient Modular EHR ONC Health IT Certification. The solution was certified on by ICSA Labs, an Office of the National Coordinator-Authorized Certification Body (ONC-ACB) and is compliant in accordance with the criteria adopted by the Secretary of Health and Human Services (HHS).

This certification designates that FDB MedsTracker is capable of supporting healthcare providers with Stage 1 and Stage 2 Meaningful Use measures required to qualify for funding under the American Recovery and Reinvestment Act (ARRA). FDB MedsTracker meets multiple criteria for Ambulatory and Inpatient Modular EHR ONC Health IT Certification, including medication reconciliation, clinical quality measures and e-prescribing. For a complete list of the criteria certified, please visit the FDB website.

“As Meaningful Use criteria evolve, so do the requirements for effective electronic clinical and medication reconciliation,” said Dewey Howell, MD, PhD, vice president of clinical applications, First Databank. “With this certification, our goal is to enable our customers to meet the requirements for some of the most challenging areas such as those for medication reconciliation, clinical quality measures and e-prescribing. We will now work together to develop an embedded solution so that our health information system partners can more easily integrate this medication reconciliation functionality within their systems.”

ICSA Labs, an independent division of Verizon, offers vendor-neutral testing and certification. 2014 Edition ONC Health IT Certification is awarded to those technologies that are capable of meeting the more rigorous testing criteria developed to support providers and hospitals with Stage 2 meaningful use, which focuses on the capability of health IT to deliver higher quality patient care and exchange clinical information securely.

Electronic medication reconciliation, previously a menu objective for Stage 1 Meaningful Use requirements and deferred by more than 70% of eligible hospitals attesting for Stage 1, is now required for Stage 2. FDB MedsTracker has demonstrated immediate and measurable improvements in the medication reconciliation process. Notable advances reported by customers include increased accuracy of home medication lists; efficiency of discharge medication orders and electronic prescribing; reductions in missed medications, duplicate therapies, and incorrect dosing; and workflow efficiencies with measurable time savings for clinicians.

The additional software relied upon to comply with one or more of the certification criteria include the FDB MedKnowledge and FDB OrderKnowledge™ drug databases. Implementation of FDB MedsTracker may require an initial integration set-up fee and a yearly maintenance fee.

About FDB
FDB (First Databank), part of the Hearst Health network, is the leading provider of drug knowledge that helps healthcare professionals make precise medication-related decisions. With thousands of customers worldwide, FDB enables our information system developer partners to deliver a wide range of valuable, useful, and differentiated solutions. As the company that virtually launched the medication care guidance category, we offer more than three decades of experience in transforming drug knowledge into actionable, targeted, and effective solutions that improve patient safety and healthcare outcomes. For a complete look at our solutions and services please visit www.fdbhealth.com or follow us on Twitter andLinkedIn.

About Hearst Health
FDB is part of the Hearst Health network, which also includes Zynx HealthMCG (formerly Milliman Care Guidelines) and Homecare Homebase. The mission of the Hearst Health network is to help guide the most important care moments by delivering vital information into the hands of everyone who touches a person’s health journey. Each year in the U.S., care guidance from the Hearst Health network reaches 76% of discharged patients, 133 million insured individuals, 20 million home health visits, 1.88 billion retail pharmacy prescriptions and 3.26 billion prescription claims. Extensions of the Hearst Health network include Hearst Health Ventures and the Hearst Health Innovation Lab.

About ONC Certification
The ONC Certified HIT Technology program tests and certifies that Health IT technology is capable of meeting the 2014 Edition criteria approved by the Secretary of Health and Human Services (HHS). The certifications include Complete EHRs, which meet all of the 2014 Edition criteria for either eligible provider or hospital technology and EHR Modules, which meet one or more — but not all — of the criteria.

About ICSA Labs
ICSA Labs, an independent division of Verizon, offers third-party testing and certification of security and health IT products, as well as network-connected devices, to measure product compliance, reliability and performance for many of the world’s top security vendors.  ICSA Labs is an ISO/IEC 17025:2005 accredited and 9001:2008 registered organization. ICSA Labs is NVLAP accredited as a Health IT Test Lab and is also an ONC-Authorized Certification Body (ONC-ACB) accredited by ANSI to ISO/IEC Guide 65. Visit http://www.icsalabs.comand http://www.icsalabs.com/blogs for more information.

This Complete EHR/EHR Module is 2014 Edition compliant and has been certified by an ONC-ACB in accordance with the applicable certification criteria adopted by the Secretary of Health and Human Services. This certification does not represent an endorsement by the U.S. Department of Health and Human Services. FDB MedsTracker v6 was certified on February 26, 2014.CHPL Product Number: 140032R00.

March 20, 2014 I Written By

John Lynn is the Founder of the HealthcareScene.com blog network which currently consists of 15 blogs containing almost 6000 articles with John having written over 3000 of the articles himself. These EMR and Healthcare IT related articles have been viewed over 13 million times. John also manages Healthcare IT Central and Healthcare IT Today, the leading career Health IT job board and blog. John is co-founder of InfluentialNetworks.com and Physia.com. John is highly involved in social media, and in addition to his blogs can also be found on Twitter: @techguy and @ehrandhit.

New Course with Hands-On Training for EHR Proficiency

Chicago, IL — March 12, 2014 — 4Medapproved, the leading provider of online education and certification resources on topics relating to Health Information Technology, announced today the release of their new Certificate of EHR Office Proficiency (CEOP)  (20% discount if you use the discount code: healthcare20) course in partnership with Medical Mastermind EHR to help individuals, schools and universities by providing hands-on practice with guided online learning on the important topic of electronic health records (EHRs).

Lessons in the CEOP program describe EHR functionality, integration with other applications, Meaningful Use, HIPAA compliance and more. Students also learn electronic workflow by engaging in EHR documentation exercises, allowing them to schedule patients, enter progress notes, practice order entry, experience clinical decision support (CDS) tools and develop basic competencies related to EHR charting. In addition, each license for this course allows the student access to the EHR for further practice and potential case study work in classrooms.

The live, certified EHR solution embedded in this course for training is delivered through a partnership with Medical Mastermind. This award-winning software creates a working environment similar in design to most of the major certified products on the market—allowing for a flexible learning experience uniquely applicable to multiple platforms and medical workplaces.

“Partnering with 4Medapproved on this important step toward better educational tools for healthcare was in complete alignment with Medical Mastermind’s philosophy of providing outstanding technology that actually helps those who use it to practice better medicine,” said Michelle Boucher, Vice President of Marketing for Medical Mastermind. “Engaging with students, physicians and the entire healthcare community at the point of delivering education through our physician-designed tool will provide them with one of the highest quality experiences as they continue to learn.”

According to the CDC, during 2006–2013, the percentage of working physicians using any EHR system increased 168%, from 29.2% in 2006 to 78.4% in 2013. In two studies published by the journal “Teaching and Learning in Medicine,” the Alliance for Clinical Education (ACE) describes the nearly total lack of EHR training in medical school programs, while stressing the overall importance of EHR training in preparing students for work in the industry.

“As educators, we feel the need to address this unfortunate gap in readiness for those who plan to work in the healthcare industry. This course does not simply simulate or demonstrate health record capabilities, but instead allows students the opportunity to develop skills by engaging in true interactive learning,” said Wendy Whitmore, CIO and co-founder of 4Medapproved. “Partnering with Medical Mastermind has given us a robust learning tool while providing a distinct advantage to students, teachers and medical learning programs.”

All 4Medapproved training is provided online and is self-paced, to accommodate any schedule. It incorporates reading with multimedia review and frequent assessments, in the unique 10/10/10 learning method. Volume licensing and team leader controls are also available for classroom instruction and larger group training.

Successful completion of this course awards a Certificate in EHR Proficiency which has been reviewed and authorized by the 4Medapproved professional medical and technical advisory boards. Accreditation by The International Association of Continuing Education and Training (IACET) for college contact hours and the American Nurses Credentialing Center (ANCC) for nursing CEUs are provided for this course through a partnership with Corexcel.

About Medical Mastermind:

Established in 1984, Medical Mastermind provides Practice Management and Electronic Health Records to thousands of physicians from all specialties. Mastermind’s award-winning software is designed by doctors, nurses, billing administrators, and other medical personnel to provide the ideal solutions for any size practice and every specialty. Medical Mastermind is headquartered in Baltimore, MD; with offices in Jackson, MS; Dallas, TX; Charlotte, SC; Pittsburgh, PA; and Orlando, FL.

About 4Medapproved:

4Medapproved is the leading educational resource for healthcare professionals on topics relating to Health Information Technology. The company provides access to helpful content, community, curriculum, and consulting, all in one convenient location. 4Medapproved also offers free weekly Learning Lunch Webinars and industry updates through columns from leading experts. It provides self-paced online education, certification, and career gap training programs, many of which provide CME, CEUs, and conversion to college credit. Additionally, 4Medapproved facilitates online networking and collaboration through its 4MedProNetwork. Support for the many free resources available through 4Medapproved is provided by sponsors of its 4MedMarketplace and Learning Lunch Webinars. Learn more at www.4Medapproved.com. The 4MedPlus Corporation is headquartered in Chicago, IL.

 

Full Disclosure: Healthcare Scene is an affiliate of 4MedApproved.  That’s what allows us to offer a 20% discount on the new CEOP course and we get paid a commission as well.

March 13, 2014 I Written By

John Lynn is the Founder of the HealthcareScene.com blog network which currently consists of 15 blogs containing almost 6000 articles with John having written over 3000 of the articles himself. These EMR and Healthcare IT related articles have been viewed over 13 million times. John also manages Healthcare IT Central and Healthcare IT Today, the leading career Health IT job board and blog. John is co-founder of InfluentialNetworks.com and Physia.com. John is highly involved in social media, and in addition to his blogs can also be found on Twitter: @techguy and @ehrandhit.

Kareo Secures $29.5 Million in Growth Capital

IRVINE, CA – January 21, 2014 – Kareo Inc., the leading provider of cloud-based medical office software and services for small medical practices, today announced it has secured $29.5 million in growth capital. This latest financing was led by Greenspring Associates and joined by OpenView Ventures and Silicon Valley Bank. This new capital will be used to invest in sales and marketing to accelerate growth, further enhance the company’s cloud-based software platform, and scale its revenue cycle management operations.

“We are thrilled to continue our successful partnership with investors Greenspring Associates and OpenView Ventures and welcome the new investment by Silicon Valley Bank,” said Dan Rodrigues, CEO and founder of Kareo. “This additional funding further validates our vision that Kareo’s cloud-based solutions can unleash the power of healthcare providers to deliver exceptional patient care while building thriving practices.”

“It’s been exciting to watch the impact that Kareo has had on small practices, including the recent launch of Kareo EHR and Billing Services,” said Jim Lim, partner at Greenspring Associates. “Given the company’s track record of rapid growth and market leadership, we jumped at the opportunity to deepen our partnership with Dan and his management team.”

Kareo’s latest funding follows a year of significant milestones and recognition within the healthcare technology industry, including:

  • The continued rapid growth of Kareo Practice Management, the company’s solution that serves more than 20,000 providers who processed over $6 billion in medical billing through Kareo’s platform last year.
  • The launch of Kareo EHR, the company’s free electronic health record solution that generated more than 5,000 sign-ups in less than ten months.
  • The introduction of Kareo’s technology-enabled revenue cycle management solution, Kareo Billing Services, which already manages billing for more than 1,000 providers across 46 specialties nationwide.
  • The successful acquisition and integration of Ecco Health, Kareo’s first acquisition, enabling the company to expand its services while deepening its revenue cycle management expertise across a wide range of specialties.
  • Extensive industry recognition, including the Deloitte Technology Fast 500, Inc. 500/5000, Forbes Top 100 Most Promising Companies, and Black Book #1 Integrated EHR, Practice Management and Billing Vendor.
  • Expansion of Kareo’s management team with the hiring of Tom Giannulli, MD as its Chief Medical Information Officer, Rob Pickell as its Chief Marketing Officer, Amyra Rand as its Vice President of Sales, David Mitzenmacher as its Vice President of Customer Success, and Nitin Somalwar as its Vice President of Engineering.

About Kareo

Kareo is the only cloud-based medical office software and services platform dedicated to small practices. At Kareo, we believe that, with the right tools and support, small practices can do big things. We offer an integrated suite of products and services designed to help physicians get paid faster, run their business smarter, and provide better care. Our Practice Management software, Billing Services, and free, full-featured award-winning EHR help more than 20,000 medical providers more efficiently manage the business and clinical sides of their practice. Headquartered in Irvine, California, Kareo’s mission is to help providers spend their time focused on patients, not paperwork. For more information, visit www.kareo.com.

About Greenspring Associates

Established in 2000 as a global venture capital firm, Greenspring Associates currently manages both a dedicated later stage direct investment platform as well as a globally diversified fund-of-funds platform with $2.5 billion under management. Since inception, the Firm has invested in over 60 portfolio companies alongside of its leading venture capital and growth equity managers both in the United States and Europe. Through the Firm’s value-added investment approach, it primarily invests across the information technology and communications stack as well as in the healthcare vertical. For further information, visit the Greenspring Associates website at www.greenspringassociates.com.

About OpenView Venture Partners

OpenView Venture Partners is an expansion-stage venture capital fund based in Boston that is focused on high-growth software, Internet and technology-enabled companies. Through its staff of seasoned operating executives, who collectively bring several decades of technology and management experience to the firm, OpenView is able to help portfolio companies quickly go to market and optimize their product, organization and operational functions. Founded in 2006, the firm invests globally and has approximately $440 million in total capital under management. For more information, visit

www.openviewpartners.com.

About Silicon Valley Bank

Silicon Valley Bank is the premier bank for technology, life science, cleantech, venture capital, private equity and premium wine businesses. SVB provides industry knowledge and connections, financing, treasury management, corporate investment and international banking services to its clients worldwide through 27 U.S. offices and six international operations. (Nasdaq: SIVB) www.svb.com.

Silicon Valley Bank is the California bank subsidiary and the commercial banking operation of SVB Financial Group. Banking services are provided by Silicon Valley Bank, a member of the FDIC and the Federal Reserve System. SVB Financial Group is also a member of the Federal Reserve System.

January 21, 2014 I Written By

John Lynn is the Founder of the HealthcareScene.com blog network which currently consists of 15 blogs containing almost 6000 articles with John having written over 3000 of the articles himself. These EMR and Healthcare IT related articles have been viewed over 13 million times. John also manages Healthcare IT Central and Healthcare IT Today, the leading career Health IT job board and blog. John is co-founder of InfluentialNetworks.com and Physia.com. John is highly involved in social media, and in addition to his blogs can also be found on Twitter: @techguy and @ehrandhit.