Practice Fusion
Latest round
- Series D
Last raised
- Oct 2014
Total raised
- $141M
Investors
- 16
About Practice Fusion
Practice Fusion, Inc.Founded in 2005 and headquartered in San Francisco, US, Practice Fusion, Inc. offers a cloud-based EHR platform aimed at independent healthcare providers. The company underwent a significant transition when it was acquired by Allscripts Healthcare Solutions Inc. in January 2018 for USD 100 mn, with the acquisition expected to finalize in the first quarter of that year.Practice Fusion offers a comprehensive suite of electronic health record (EHR) solutions designed to meet the needs of independent medical practices. Their core product is a cloud-based EHR platform that allows healthcare providers to manage patient records, streamline charting, and optimize patient care efficiently. The platform includes features such as advanced e-prescribing capabilities, billing services, and tools for patient engagement, all tailored to enhance the overall healthcare experience. Practice Fusion primarily serves independent practices across the United States, with its technology designed to scale as these practices grow.Practice Fusion operates on a subscription-based revenue model, charging healthcare providers starting from USD 199 per month for access to its EHR and billing services. Customers typically enter into a required annual commitment, allowing for predictable revenue streams for the company. The transaction structure focuses on direct-to-consumer relationships with independent medical practices, which rely on Practice Fusion for both EHR management and billing services. The integration of these services aims to enhance operational efficiency while improving patient care, thereby facilitating a seamless workflow for healthcare providers.Following the acquisition by Allscripts, Practice Fusion plans to leverage its existing EHR platform to enhance product offerings and expand market reach. The integration with Allscripts is expected to facilitate the development of new features and functionalities aimed at improving healthcare delivery. While specific new products and geographic expansion plans have not been disclosed, the company's affiliation with Allscripts may lead to increased opportunities in both product development and market penetration post-acquisition.
Who invested in Practice Fusion
16 investors across 7 rounds
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Funding rounds
Series D
Oct 6, 2014
Amount
$2.5M
Investors
Series D
Dec 9, 2013
Amount
$15M
Investors
Series D
Sep 11, 2013
Amount
$70M
Investors
Series C
Jun 22, 2012
Amount
$25M
Investors
Series B
Apr 4, 2011
Amount
$23M
Investors
Series A
Dec 23, 2009
Amount
$5M
Investors
Seed
Mar 1, 2009
Amount
$0.5M
Investors
Questions about Practice Fusion
Who invested in Practice Fusion?
Practice Fusion has 16 investors on record across 7 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Practice Fusion raised?
Practice Fusion has raised 7 venture rounds. Sign up free to see how much each round raised and the total.
When did Practice Fusion last raise money?
Practice Fusion's most recent round on record is a Series D, in Oct 2014.
What does Practice Fusion do?
Practice Fusion is a healthcare it company.
Where is Practice Fusion headquartered?
Practice Fusion is headquartered in San Francisco, US.
Which VCs invest in companies like Practice Fusion?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back healthcare it companies at Practice Fusion's stage. Their profiles are linked below.
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