About Medfusion
Medfusion is a company based in Cary (United States) founded in 1996 was acquired by NextGen Healthcare Information Systems in November 2019.. Medfusion has raised $4.5 million across 3 funding rounds from investors including Intuit, NextGen Healthcare Information Systems and McKesson. The company has 1 employees as of December 31, 2019. Medfusion has completed 1 acquisition, including NexSched. Medfusion offers products and services including Electronic Health Records (EHR), Practice Management, NextGen Mobile, and Ambient Assist. Medfusion operates in a competitive market with competitors including Solace Health, InteliChart, Healthjump, MediFile and Avado, among others.
- Headquarter Cary, United States
- Employees 1 as on 31 Dec, 2019
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Sectors
Healthcare
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Email
***********
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Phone
*********
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Website
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Social
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- Legal Name Medfusion, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$4.5 M (USD)
in 3 rounds
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Latest Funding Round
$1.5 M (USD), Private Equity Round
Jun 19, 2018
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Investors
Intuit
& 7 more
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Employee Count
1
as on Dec 31, 2019
- Investments & Acquisitions
- Acquired by
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Products & Services of Medfusion
Medfusion offers a comprehensive portfolio of products and services, including Electronic Health Records (EHR), Practice Management, NextGen Mobile, and Ambient Assist. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Cloud-based system for managing patient records and clinical workflows
Software for billing, scheduling, and revenue cycle optimization
App for efficient EHR access and AI-assisted documentation
AI-driven solution for streamlining documentation and patient care
Funding Insights of Medfusion
Medfusion has successfully raised a total of $4.5M across 3 strategic funding rounds. The most recent funding activity was a Private Equity Round round of $1.5 million completed in June 2018. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Private Equity Round — $1.5M
- First Round First Round
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2018 | Amount | Private Equity Round - Medfusion | Valuation |
investors |
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| Aug, 2015 | Amount | Private Equity Round - Medfusion | Valuation | Bull City Venture Partners , Hatteras Venture Partners |
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| Jan, 2014 | Amount | Private Equity Round - Medfusion | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Medfusion
Medfusion has secured backing from 8 investors, including venture fund and institutional investors. Prominent investors backing the company include Intuit, NextGen Healthcare Information Systems and McKesson. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Early-stage venture capital is provided for B2B software founders.
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Founded Year | Domain | Location | |
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Tech & Life Sciences focused VC firm investing in early stage companies in the US & Europe
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Founded Year | Domain | Location | |
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Healthcare services are provided by Baylor Scott & White Health.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Medfusion
Medfusion has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include NexSched. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Practice management solutions are provided for healthcare professionals.
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2001 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Medfusion
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Medfusion Comparisons
Competitors of Medfusion
Medfusion operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Solace Health, InteliChart, Healthjump, MediFile and Avado, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Patients are connected to health advocates through a healthcare platform.
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| domain | founded_year | HQ Location |
Information exchange platform for physicians, hospitals, and patients
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| domain | founded_year | HQ Location |
Medical Record keeping and engagement platform
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| domain | founded_year | HQ Location |
Digital platform for sharing medical images and reports with professionals.
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| domain | founded_year | HQ Location |
Cloud-based patient relationship management is offered for health communication.
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| domain | founded_year | HQ Location |
Offers cloud-based software for secure patient portals, messaging, and medical workflow management.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Medfusion
Frequently Asked Questions about Medfusion
When was Medfusion founded?
Medfusion was founded in 1996 and raised its 1st funding round 18 years after it was founded.
Where is Medfusion located?
Medfusion is headquartered in Cary, United States. It is registered at Cary, North Carolina, United States.
Who is the current CEO of Medfusion?
Kimberly Labow is the current CEO of Medfusion.
Is Medfusion a funded company?
Medfusion is a funded company, having raised a total of $4.5M across 3 funding rounds to date.
How many employees does Medfusion have?
As of Dec 31, 2019, the latest employee count at Medfusion is 1.
What does Medfusion do?
Medfusion was founded in 1996 and is headquartered in Cary, United States. Operations focus on the healthcare technology sector, where cloud-based patient engagement portals are developed to link providers with patients. Services encompass clinical and administrative tools, financial billing solutions, patient messaging, personal health records, and front desk features such as appointment requests and registration processes.
Who are the top competitors of Medfusion?
Medfusion's top competitors include Solace Health, InteliChart and Healthjump.
What products or services does Medfusion offer?
Medfusion offers Electronic Health Records (EHR), Practice Management, NextGen Mobile, and Ambient Assist.
How many acquisitions has Medfusion made?
Medfusion has made 1 acquisition, including NexSched.
Who are Medfusion's investors?
Medfusion has 8 investors. Key investors include Intuit, NextGen Healthcare Information Systems, McKesson, Pathologist, and Bull City Venture Partners.
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