Modernizing Medicine Receives $14 million in Equity Funding

Modernizing Medicine, the creator of the Electronic Medical Assistant (EMA), a cloud-based specialty-specific electronic medical record (EMR) system, has received $14 million from Summit Partners, a global growth equity investor.
Modernizing Medicine provides specialty-specific EMR systems for the dermatology, ophthalmology, optometry, orthopedics, and plastic and cosmetic surgery markets. The EMA system’s cloud-based technology is available as a native iPad application or from any web-enabled Mac or PC. This year, Software Advice named EMA the No. 1 tablet EHR.
“Our goal is to transform how healthcare information is created, consumed and utilized to increase efficiency and improve patient outcomes,” said Daniel Cane, president and CEO of Modernizing Medicine. “With Summit’s support, we intend to increase the number of our technological staff to help further our growth in current markets and to expand into new areas with the best specialty-specific EMR system for doctors.”
“The time is ripe for technology that transforms the way physicians practice,” said Mark deLaar of Summit Partners, who is joining the Modernizing Medicine Board of Directors. “We believe that Modernizing Medicine’s powerful technology, coupled with its exceptional team, is the right combination to disrupt the EMR market. We are pleased to partner with Dan, Michael and the exceptionally strong management team to support the company’s continued growth.”