Practice Fusion Closes $70 Million Round of Funding

Ryan Howard, CEO of Practice Fusion just sent out the following email about the $70 million round of funding they just raised:

Practice Fusion’s mission is to connect doctors, patients and data to drive better health and save lives. Today, a new $70 million investment ensures the delivery of our mission to the masses.

This new funding comes from the most significant technology and life science investors in the country. The investment was led by Kleiner Perkins Caulfield & Byers, a fund famous for backing Amazon, Intuit and Google. Dr. Beth Seidenberg will join our Board of Directors from their team, bringing her extensive experience as a physician and clinical researcher. We also welcome prominent healthcare funds OrbiMed Advisors and Deerfield Partners as new investors.

Practice Fusion has grown from a small, free EHR startup to become the largest health technology platform in the US. 100,000 medical professionals are active on our network every month, serving a community of 75 million patients. We’re now the No. 1 EHR in customer satisfaction according to Brown-Wilson, and we value your commitment in getting us here.

In the past few months, the product has evolved faster than any other system on the market, updating workflows for referrals, superbills, and allergy workflows, as well as connectivity to dozens of new labs and imaging connections. We’re dedicated to a “product first” focus—constantly working to make the EHR easier to use and more powerful for your practice. You have our commitment that this will continue at an even faster pace.

Next, we’re working to ensure your EHR is Meaningful Use Stage 2 certified and to also help you navigate the new world of Accountable Care Organizations. Some of the work we’re most excited about is population health management—giving you tools to help identify at-risk patients, drive them in for the care they need, as well as helping them adhere to the best clinical standards.

Thank you for your ongoing commitment to Practice Fusion and your daily contribution to fulfilling our combined mission of saving lives.

Ryan Howard
Founder and CEO