Practice Fusion, Inc.

San Francisco, California

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

Revenue

Valuation

Valuation

Ratios

Revenue / EBITDA
$123 MM
Valuation / Revenue
$123 MM
Valuation / Employees
$123 MM
EBITDA / Revenue
$123 MM
1-Year CAGR (Revenue)
03
3-Year CAGR (Revenue)
11
1-Year CAGR (Employees)
19
3-Year CAGR (Employees)
96

People

Employee Figures

Employees

Key Executives

NameTitleSocialsEmailPhone
John DoeEmployee
--
Jane DoeEmployee
John DoeEmployee
John DoeEmployee

401K

Total Active Participants
1234
No. Participants with Account Balances
56789
Total Liabilities Start of Year
1234
Total Assets Start of Year
56789

Deals

M&A2024-03-15Completed

Seller

Founders Group

Investor Sponsors

NorthBridge PE

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

Target

BrightHealth Technologies

Seller

Early Investors Consortium

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