Boca Raton, Fla.-based Modernizing Medicine, Inc., the creator of the Electronic Medical Assistant, a cloud-based, specialty-specific electronic health record system, announced that it has closed on approximately $15 million of an expected $20 million funding round.
The company said the latest funding comes from existing investors, led by Summit Partners and Pentland Group, many of whom are medical specialists who use EMA. 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 EMAs 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," company executives said.
EMA currently serves more than 4,000 providers across eight different medical specialties. Michael Sherling, M.D., Modernizing Medicines co-founder and chief medical officer, said more than 26 percent of U.S. dermatologists now use EMA.
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