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June 28, 2012 04:01 pm GMT
Practice Fusion is the frontrunner in the fevered race to becomethe electronic medical record platform, and today it finished raising a $34 million Series C led by hedge fund Artis Venturesto make sure it wins and lead it towards an IPO. Practice Fusion's valuation is now around a half a billion dollars, it tells me. Startups trying to compete? "We're squashing them" founder and CEO Ryan Howard tells me. It now hosts 40 million patient records of its 150,000 doctor clients, up from 25 million records and 130,000 doctors seven months ago.The money will fund a patient acquisition strategy, the build-out of its app platform, hires, and attracting more docs to ditch pen and paper for more efficient, accessible electronic records. Howard beams"We're excited to light it up. The company's on fire, growth is maddening. The problem needs to be solved."
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/AIukzgT39hE/
Practice Fusion Pulls In $34M Series C Led By Artis To Crush The Other eMedical Record Startups
Practice Fusion is the frontrunner in the fevered race to becomethe electronic medical record platform, and today it finished raising a $34 million Series C led by hedge fund Artis Venturesto make sure it wins and lead it towards an IPO. Practice Fusion's valuation is now around a half a billion dollars, it tells me. Startups trying to compete? "We're squashing them" founder and CEO Ryan Howard tells me. It now hosts 40 million patient records of its 150,000 doctor clients, up from 25 million records and 130,000 doctors seven months ago.The money will fund a patient acquisition strategy, the build-out of its app platform, hires, and attracting more docs to ditch pen and paper for more efficient, accessible electronic records. Howard beams"We're excited to light it up. The company's on fire, growth is maddening. The problem needs to be solved."Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/AIukzgT39hE/
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