# Practice Fusion

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/practice-fusion

- Industry: Healthcare IT
- Headquarters: San Francisco, US
- Website: www.practicefusion.com
- Total disclosed funding: $141M
- Latest round: Series D (Oct 6, 2014)
- Investors on record: 16

## About

Practice Fusion, Inc. is a US-based company that provides cloud-based electronic health record (EHR) solutions for independent medical practices, enhancing patient care through technology.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. The founder, Jonathan Malek, has contributed significantly to the healthcare technology landscape.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. The user-friendly design is informed by direct feedback from healthcare professionals, ensuring that the platform addresses the specific challenges faced by its users, including reducing administrative burdens and improving revenue streams.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. As part of its offerings, Practice Fusion provides a complimentary two-week trial to potential clients, allowing them to experience the platform before making a long-term commitment.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. The recent funding through the Trade Sale is intended to support these initiatives, enabling Practice Fusion to explore new product innovations and enhance its service capabilities. 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.

## Funding rounds

- Series D, Oct 6, 2014, $2.5M — Kleiner Perkins
- Series D, Dec 9, 2013, $15M — Band of Angels, Industry Ventures, Longitude Capital, Qualcomm Ventures, ARTIS Ventures
- Series D, Sep 11, 2013, $70M — Kleiner Perkins, Morgenthaler Ventures, OrbiMed Advisors, Band of Angels, Industry Ventures, ARTIS Ventures, Felicis Ventures, Glynn Capital, Goldcrest Capital, Deerfield Management
- Series C, Jun 22, 2012, $25M — Morgenthaler Ventures, Band of Angels, Founders Fund, ARTIS Ventures, Felicis Ventures, Glynn Capital, SV Angel, Ghost Angel
- Series B, Apr 4, 2011, $23M — Morgenthaler Ventures, Founders Fund, ARTIS Ventures, Felicis Ventures, Glynn Capital
- Series A, Dec 23, 2009, $5M — Morgenthaler Ventures, Band of Angels, Felicis Ventures, Salesforce, Inc.
- Seed, Mar 1, 2009, $0.5M — Band of Angels

## Investors

- Band of Angels (https://capitalatlas.ai/funds/band-of-angels) — Seed, Series A, Series C, Series D
- Morgenthaler Ventures (https://capitalatlas.ai/funds/morgenthaler-ventures) — Series A, Series B, Series C, Series D
- Felicis Ventures (https://capitalatlas.ai/funds/felicis-ventures) — Series A, Series B, Series C, Series D
- Salesforce, Inc. — Series A
- Founders Fund (https://capitalatlas.ai/funds/founders-fund) — Series B, Series C
- ARTIS Ventures (https://capitalatlas.ai/funds/artis-ventures) — Series B, Series C, Series D
- Glynn Capital (https://capitalatlas.ai/funds/glynn-capital) — Series B, Series C, Series D
- SV Angel (https://capitalatlas.ai/funds/sv-angel) — Series C
- Ghost Angel — Series C
- Kleiner Perkins (https://capitalatlas.ai/funds/kleiner-perkins) — Series D
- OrbiMed Advisors (https://capitalatlas.ai/funds/orbimed-advisors) — Series D
- Industry Ventures (https://capitalatlas.ai/funds/industry-ventures) — Series D
- Goldcrest Capital (https://capitalatlas.ai/funds/goldcrest-capital) — Series D
- Deerfield Management (https://capitalatlas.ai/funds/deerfield-management) — Series D
- Longitude Capital (https://capitalatlas.ai/funds/longitude-capital) — Series D
- Qualcomm Ventures (https://capitalatlas.ai/funds/qualcomm-ventures) — Series D