Practice Fusion Announces New Funding to Support EMR Growth in 2012

SAN FRANCISCO, Jan. 11, 2012 /PRNewswire/ -- Practice Fusion, the fastest growing Electronic Medical Record (EMR) community, today announced more than $2 million in additional funding to support the company's continued growth in 2012. With over 130,000 medical professional users serving 29 million patients, the company has an aggressive growth strategy for the coming year including new free features to support physician and patients, the development of mobile apps for the iPhone and iPad, and Meaningful Use initiatives to help doctors earn up to $64,000+ in government incentives.

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"The EMR sector is crowded but Practice Fusion has set itself apart, not only by providing a tool that users are passionate about, but by building a smart and sustainable business," said Jed Stremel, Investor in Asana and Flipboard and former Director of Mobile at Facebook. "They have found a unique market for normalizing data and are able to unlock various applications for that data, which is truly groundbreaking."

Stremel, who led Facebook's mobile efforts, joins existing investors Ali Partovi, angel investor and co-founder of LinkExchange, and Hadi Partovi, angel investor and co-founder of Tellme, in the current investment. Including the $23 million Series B round of financing led by Founders Fund in 2011, Practice Fusion has raised over $38 million in total funding with investments from Band of Angels, Felicis Ventures and others.

"Practice Fusion is building the largest database of clinical information," said Hadi Partovi, angel investor and co-founder of Tellme. "I believe this asset will be as strategic and valuable to the $2 trillion healthcare space as the Facebook social graph has been in the web and advertising space."

"Having a positive impact on the world was my main driver when founding Practice Fusion and our investors share that vision," said Ryan Howard, CEO and Founder of Practice Fusion. "The product we built has changed the medical sector and what we have planned for this year will establish us as the defacto healthcare platform in the US."

Practice Fusion was also recently selected as a finalist in the "Biggest Social Impact" category of the annual TechCrunch Crunchies Award. To vote or view the other categories and nominees, please visit: http://crunchies2011.techcrunch.com/vote/

About Practice Fusion:
Practice Fusion provides a free, web-based Electronic Medical Record (EMR) system to physicians. With charting, scheduling, e-prescribing (eRx), lab integrations, referral letters, Meaningful Use certification, unlimited support and a Personal Health Record for patients, Practice Fusion's EMR addresses the complex needs of today's healthcare providers and disrupts the health IT status quo. Practice Fusion is the fastest growing EMR community in the country with more than 130,000 users serving 29 million patients. The company closed a $23 million Series B round of financing led by Founders Fund in 2011. For more information about Practice Fusion, please visit http://www.practicefusion.com

Press Contact – Stephanie Schlegel
Email: [email protected]
Location: San Francisco
Phone: 415.692.7186

Available Topic Expert(s): For information on the listed expert(s), click appropriate link.
Ryan Howard
ProfNet - https://profnet.prnewswire.com/Subscriber/ExpertProfile.aspx?ei=93794

SOURCE Practice Fusion

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