Practice Fusion, Inc.
Classification
Private
About
About
Practice Fusion, Inc. is a healthcare technology company that specializes in providing cloud-based electronic health record (EHR) solutions to medical practices, clinics, and healthcare providers. With a commitment to improving patient care and streamlining healthcare workflows, Practice Fusion offers a comprehensive platform that enables healthcare professionals to digitize and manage patient medical records, appointments, billing, and other essential administrative tasks. Through its user-friendly EHR system, Practice Fusion aims to enhance efficiency, accuracy, and collaboration within healthcare settings, ultimately contributing to better patient outcomes. Product Breakdown: 1. Electronic Health Records (EHR) System: Practice Fusion's core product is its cloud-based electronic health records (EHR) system. This comprehensive software enables healthcare providers to digitize and centralize patient medical records, including medical history, diagnoses, treatment plans, medications, and test results. The EHR system facilitates real-time access to patient information, allowing for more informed clinical decision-making and improved patient care coordination among healthcare teams. 2. Appointment Scheduling and Patient Management: Practice Fusion's platform includes features for appointment scheduling, patient registration, and management. Healthcare providers can efficiently schedule patient appointments, manage waitlists, and track patient history. This streamlines administrative tasks and reduces scheduling conflicts, contributing to a smoother patient experience. 3. Billing and Revenue Cycle Management: The platform offers billing and revenue cycle management capabilities, allowing healthcare practices to generate invoices, process payments, and manage insurance claims electronically. This integration simplifies the billing process, reduces errors, and accelerates revenue collection for medical services rendered. 4. e-Prescribing and Medication Management: Practice Fusion's EHR system includes e-prescribing functionality, enabling healthcare providers to electronically prescribe medications to patients. This feature improves medication accuracy, enhances patient safety, and facilitates direct communication with pharmacies for prescription fulfillment. 5. Clinical Decision Support and Analytics: Practice Fusion incorporates clinical decision support tools that provide healthcare professionals with evidence-based guidelines and alerts to help inform their treatment decisions. Additionally, the platform offers analytics and reporting capabilities that allow healthcare providers to analyze patient data, identify trends, and measure practice performance. 6. Telemedicine Integration: In response to the growing demand for telehealth services, Practice Fusion integrates telemedicine capabilities within its platform. This enables healthcare providers to conduct virtual consultations with patients, expanding access to care and accommodating remote or underserved populations.
Financials
Revenue & Profit
Valuation
Ratios
People
Deals
M&A2024-03-15Completed
Investor Sponsors NorthBridge PE | Stake Tags 100% |
Deal Amount $120M | Is PE deal Yes |
Target Company Valuation $1.20 MM | Is deal PE backed Yes |
Techniques Acquisition of Assets, Taken Private | Total Acquired 100% |
Investor Sponsors
Deal Amount
$120M
Target Company Valuation
$1.20 MM
Techniques
Acquisition of Assets, Taken Private
Stake Tags
100%
Is PE deal
Yes
Is deal PE backed
Yes
Total Acquired
100%
Secondary Transaction2023-09-01Canceled
Investor Sponsors -- | Stake Tags Majority |
Deal Amount Undisclosed | Is PE deal No |
Target Company Valuation -- | Is deal PE backed Yes |
Techniques Secondary Sale, Management Buy-out (MBO) | Total Acquired 65% |
Investor Sponsors
--
Deal Amount
Undisclosed
Target Company Valuation
NaN
Techniques
Secondary Sale, Management Buy-out (MBO)
Stake Tags
Majority
Is PE deal
No
Is deal PE backed
Yes
Total Acquired
65%
Funding
Keywords
Keywords
Classified
Private