Company:Practice Fusion

From HandWiki
Practice Fusion, Inc.
TypePrivate
IndustryHealthcare Information Technology
Founded2005
Headquarters
San Francisco, CA
,
United States
Key people
Tom Langan, CEO
Ryan Howard, Founder, Former CEO
Alan Wong, Co-Founder
Jonathan Malek, Co-Founder & CTO
Matthew Douglass, Co-Founder[1]
ProductsElectronic health records, Personal health record, Patient portals, Data analysis, Health care analytics
Websitewww.practicefusion.com/

Practice Fusion is a web-based electronic health record (EHR) company based in San Francisco, CA, founded in 2005 and acquired by Allscripts in 2018.[2] Starting June 1, 2018 the company is transitioning over to a paid subscription based system.[3] The SaaS startup provides physicians and medical professionals with advertising-supported EHR and medical practice management technology[4] that includes charting, scheduling, e-prescribing (eRx),[5] medical billing,[6] lab and imaging center integrations,[7] referral letters, Meaningful Use certification,[8] training, support and a personal health record for patients.[9] Practice Fusion is available to users in the USA only.

History

Practice Fusion was founded in 2005 by Ryan Howard, Alan Wong, Jonathan Malek, and Matthew Douglass.[10] The first version of the product was launched in 2007 and initially gained little traction in the tough economy.[11]

The company began to grow in 2009 when the EHR and customer support were made free.[12] Band of Angels and Felicis Ventures became the first major investors in the company in May 2009, followed by Salesforce.com in June, Morgenthaler Ventures in December 2010,[12][13] and Founders Fund in April 2011.[12] The company closed a $70 million Series D round of financing led by Kleiner Perkins Caufield & Byers in September 2013, followed by a $15 million Series D extension in December 2013 led by Qualcomm Ventures, bringing total funding to date to $149 million.[14]

The product achieved ONC-ATCB Meaningful Use Certification in June 2011.[8] It has been named the No. 1 EMR for customer satisfaction among primary care providers from 2011 to 2013 in addition to being named No. 1 for e-prescribing client satisfaction and helping doctors achieve Meaningful Use by Brown-Wilson’s Black Book Rankings.[15][16] In September 2013, KLAS Reports named it the No. 1 EHR system for value among ambulatory professionals.[17]

The 2013 State of the Small Practice survey conducted by Practice Fusion indicated that 36 percent of providers were using three- to six-year-old computers. In response, the company launched a "Free EHR + Free Laptop" campaign in 2014. The campaign supplied a complimentary Google Chromebook to new physician users of Practice Fusion's EHR platform to increase incentive.[citation needed] The move also further symbolized Practice Fusion's dedication to a free, modern, web-based EHR solution.

In 2018 Practice Fusion was sold to Allscripts for $100 million. Following the sale in 2018, Practice Fusion continues to operate as a subsidiary of Allscripts.

Products

  • Practice Fusion: Web-based electronic health record (EHR) software for physicians and medical professionals. The EHR system includes medical charting, e-prescribing, clinical decision support advisories, online booking and scheduling, online referrals and messaging. Its lab, imaging, and billing modules integrate with a network of third-party laboratories, medical imaging centers and medical billing services. Free support is available for EHR setup and usage; Meaningful Use, PQRS, and ICD-10 incentives; and technical issues. All offerings are HIPAA-compliant.
  • Patient Fusion: Personal health record (PHR) system that gives patients access to their prescriptions, diagnoses and test results. Records update as physicians adds information to their patients’ charts. Consumers can search physicians by location and specialty, and request an appointment online.[18]
  • Insight by Practice Fusion: An analytic product based on the Practice Fusion dataset of 81 million patient records. Real-time data provides perspective on clinical trends[19] and helps with population health management and clinical decision support.

Notes

  1. ↑ "Practice Fusion's Executive Team". http://practicefusion.com/pages/executive_team.html. 
  2. ↑ "About Practice Fusion". http://www.practicefusion.com/pages/about_practice_fusion.html. 
  3. ↑ https://ehrintelligence.com/news/practice-fusion-no-longer-offering-free-ehr-system-software
  4. ↑ Blankenhorn, Dana (2008-07-31). "Psst. Want a free Electronic Medical Records system?". ZDNET. http://healthcare.zdnet.com/?p=1207. 
  5. ↑ "Free EHR Adds E-Prescribing". Health Data Management. 2010-01-13. http://www.healthdatamanagement.com/news/e-prescribing_ehr_vendor_physician-39641-1.html. 
  6. ↑ Colliver, Victoria (2007-03-16). "Medical site is on a mission to set records". San Francisco Chronicle. http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2007/03/16/BUG9OOM1FJ1.DTL&feed=rss.business. Retrieved 2009-07-06. 
  7. ↑ "HISTalk News 3/22/2012". http://www.histalkpractice.com/2012/03/22/news-32212/. 
  8. ↑ 8.0 8.1 Campbell, Steve (2011-06-07). "Practice Fusion’s Electronic Health Record System Achieves Complete ONC-ATCB Meaningful Use Certification". EMR Daily News. http://emrdailynews.com/2011/06/07/practice-fusions-electronic-health-record-system-achieves-complete-onc-atcb-meaningful-use-certification/. Retrieved 2012-04-11. 
  9. ↑ "EHR Features". http://www.practicefusion.com/pages/ehr_features.html. 
  10. ↑ Practice Fusion (2017-01-01). "Practice Fusion Founders". Practice Fusion. http://www.practicefusion.com/practice-fusion-founders/. Retrieved 2017-01-01. 
  11. ↑ Herel, Suzanne (2011-09-30). "Meet the Boss: Ryan Howard, CEO of Practice Fusion". San Francisco Chronicle. http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2011/09/29/BUCT1KJH5C.DTL. Retrieved 2012-04-11. 
  12. ↑ 12.0 12.1 12.2 Roush, Wade (2011-11-10). "Practice Fusion Bids for Dominance in the Doctor’s Office with a Free, Ad-Supported Electronic Health Record System". Xconomy. http://www.xconomy.com/san-francisco/2011/11/10/practice-fusion-bids-for-dominance-in-the-doctors-office-with-a-free-ad-supported-electronic-health-record-system/3/. Retrieved 2012-04-11. 
  13. ↑ Dougherty, Conor; Tam, Pui-Wing (2010-04-01). "Start-Ups Cash Cash as Funds Trickle Back". The Wall Street Journal. https://www.wsj.com/articles/SB10001424052702303410404575151871554316884. Retrieved 2012-04-11. 
  14. ↑ "Practice Fusion Adds Another $15M From Qualcomm To Help Fuel Growth, Acquisitions & Mobile Push". https://techcrunch.com/2013/12/09/practice-fusion-adds-another-15m-from-qualcomm-to-help-fuel-growth-acquisitions-mobile-push/. 
  15. ↑ "Report: Practice Fusion Voted No. 1 Overall EHR in "Year of the EHR Switch"". http://www.practicefusion.com/pages/pr/brown-wilson-ranks-practice-fusion-top-in-ehr-replacement.html. 
  16. ↑ "2012 Black Book Rankings Top EHR & EMR Vendors: E-Prescribing". http://www.blackbookrankings.com/healthcare/rankings-ambulatory-physician-emr.php. 
  17. ↑ "2013 Ambulatory EMR Performance (1-10 Physicians): The Quest for Value Amid Rising Expectations". https://www.klasresearch.com/Store/ReportDetail.aspx?Productid=859. 
  18. ↑ "Practice Fusion Continues To Reach Beyond Digital Health Records, Adds Free Expense Tracking To New Booking Engine". https://techcrunch.com/2013/05/22/practice-fusion-continues-to-reach-beyond-digital-health-records-adds-free-expense-tracking-to-new-booking-engine/. 
  19. ↑ "Practice Fusion pulls back the curtain on its electronic health data – for a fee". http://gigaom.com/2013/06/04/practice-fusion-pulls-back-the-curtain-on-its-electronic-health-data-for-a-fee/. 

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