About Practice Fusion
Practice Fusion is a company based in San Francisco (United States) founded in 2005 was acquired by Veradigm in January 2018. It operates as a SaaS (Software-as-a-Service), Subscription Services, and HealthTech. Practice Fusion has raised $254.9 million across 11 funding rounds from investors including Salesforce, Kleiner Perkins and Orbimed. The company has 212 employees as of December 31, 2018. Practice Fusion has completed 2 acquisitions, including 100Plus and Ringadoc. Practice Fusion offers products and services including EHR, EHR with Billing Services, and ePrescribe. Practice Fusion operates in a competitive market with competitors including Modernizing Medicine, Flatiron Health, Greenway Health, Medsphere Systems and Hint Health, among others.
- Headquarter San Francisco, United States
- Employees 212 as on 31 Dec, 2018
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Sectors
Healthcare
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Practice Fusion, 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
$254.9 M (USD)
in 11 rounds
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Latest Funding Round
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Investors
Salesforce
& 16 more
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Employee Count
212
as on Dec 31, 2018
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Investments & Acquisitions
100Plus
& 1 more
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Acquired by
Veradigm
(Jan 08, 2018)
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Products & Services of Practice Fusion
Practice Fusion offers a comprehensive portfolio of products and services, including EHR, EHR with Billing Services, and ePrescribe. 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.
Patient care is optimized through efficient EHR technology.
Revenue is enhanced via integrated EHR billing services.
Medications are prescribed faster with certified e-prescribing tools.
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Funding Insights of Practice Fusion
Practice Fusion has successfully raised a total of $254.9M across 11 strategic funding rounds. 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 11
- Last Round Last Round
- First Round First Round
- Investors Count 16
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2016 | Amount | Series D - Practice Fusion | Valuation | ORIX |
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| Oct, 2014 | Amount | Series D - Practice Fusion | Valuation |
investors |
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| Aug, 2014 | Amount | Series D - Practice Fusion | Valuation |
investors |
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| 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 Practice Fusion
Practice Fusion has secured backing from 17 investors, including venture fund and institutional investors. Prominent investors backing the company include Salesforce, Kleiner Perkins and Orbimed. 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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ORIX USA is engaged in middle market asset management and lending.
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Founded Year | Domain | Location | |
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Private equity firm focused on life science sector
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Founded Year | Domain | Location | |
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Investments in private tech ecosystem are made by Industry Ventures.
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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 Practice Fusion
Practice Fusion has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include 100Plus and Ringadoc. 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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personalized health prediction mobile app
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2011 | ||||
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App for Automated Medical Answering Service for healthcare providers
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2010 |
| 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 - Practice Fusion
| 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 |
Practice Fusion Comparisons
Competitors of Practice Fusion
Practice Fusion 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 Modernizing Medicine, Flatiron Health, Greenway Health, Medsphere Systems and Hint Health, 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 |
AI-driven EMR and practice management software is delivered for clinics.
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| domain | founded_year | HQ Location |
Cloud-based oncology management tools are provided for cancer care providers.
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| domain | founded_year | HQ Location |
Clinical and financial solutions are delivered to ambulatory providers.
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| domain | founded_year | HQ Location |
Open-source healthcare software is provided by Medsphere Systems.
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| domain | founded_year | HQ Location |
SaaS-based practice management solution is provided for healthcare professionals.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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 Practice Fusion
Frequently Asked Questions about Practice Fusion
When was Practice Fusion founded?
Practice Fusion was founded in 2005 and raised its 1st funding round 4 years after it was founded.
Where is Practice Fusion located?
Practice Fusion is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Is Practice Fusion a funded company?
Practice Fusion is a funded company, having raised a total of $254.9M across 11 funding rounds to date. The company's 1st funding round was a Series D of $2.1M, raised on Aug 05, 2009.
How many employees does Practice Fusion have?
As of Dec 31, 2018, the latest employee count at Practice Fusion is 212.
What does Practice Fusion do?
Practice Fusion is known for delivering electronic health record (EHR) solutions tailored for independent medical practices. Services are offered in the healthcare sector, focusing on optimizing patient care and practice efficiency. EHR systems, billing services, and e-prescribing capabilities are provided to streamline workflows. Additional value-add options like patient engagement tools are included to support practice growth. Scalable technology is developed to adapt as practices expand. Insights and support from the Veradigm network are integrated to enhance user experience.
Who are the top competitors of Practice Fusion?
Practice Fusion's top competitors include Modernizing Medicine, Eka Care and Flatiron Health.
What products or services does Practice Fusion offer?
Practice Fusion offers EHR, EHR with Billing Services, and ePrescribe.
How many acquisitions has Practice Fusion made?
Who are Practice Fusion's investors?
Practice Fusion has 17 investors. Key investors include Salesforce, Kleiner Perkins, Orbimed, Veradigm, and Qualcomm Ventures.
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