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Founded Year

2010

Stage

Series F | Alive

Total Raised

$340.42M

Valuation

$0000 

Last Raised

$231M | 8 yrs ago

Mosaic Score
The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.

-121 points in the past 30 days

About Modernizing Medicine

Modernizing Medicine focuses on providing integrated health Information technology (IT) solutions for the gastroenterology industry. Its main offerings include an electronic health records system, endoscopy report writing, practice management, patient engagement, value-based care, data analytics, and revenue cycle management services. Modernizing Medicine was formerly known as gMed. It was founded in 2010 and is based in Boca Raton, Florida.

Headquarters Location

4700 Exchange Court Suite 225

Boca Raton, Florida, 33431,

United States

561-880-2998

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ESPs containing Modernizing Medicine

The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.

EXECUTION STRENGTH ➡MARKET STRENGTH ➡LEADERHIGHFLIEROUTPERFORMERCHALLENGER
Healthcare & Life Sciences / Health Data & Analytics

The ambulatory electronic health records (EHR) market provides software solutions to manage patient health data in outpatient or ambulatory care settings, such as physician offices, clinics, and urgent care centers. These EHR systems allow healthcare providers to document and manage patient health information electronically, improving the accuracy and accessibility of patient records. The market i…

Modernizing Medicine named as Highflier among 10 other companies, including Veradigm, athenahealth, and NextGen Healthcare.

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Expert Collections containing Modernizing Medicine

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Modernizing Medicine is included in 5 Expert Collections, including Unicorns- Billion Dollar Startups.

U

Unicorns- Billion Dollar Startups

1,261 items

T

Tech IPO Pipeline

286 items

C

Conference Exhibitors

5,302 items

D

Digital Health

11,313 items

The digital health collection includes vendors developing software, platforms, sensor & robotic hardware, health data infrastructure, and tech-enabled services in healthcare. The list excludes pureplay pharma/biopharma, sequencing instruments, gene editing, and assistive tech.

T

Telehealth

3,114 items

Companies developing, offering, or using electronic and telecommunication technologies to facilitate the delivery of health & wellness services from a distance. *Columns updated as regularly as possible; priority given to companies with the most and/or most recent funding.

Modernizing Medicine Patents

Modernizing Medicine has filed 16 patents.

The 3 most popular patent topics include:

  • health informatics
  • data management
  • medical terminology
patents chart

Application Date

Grant Date

Title

Related Topics

Status

1/29/2020

9/13/2022

Health informatics, Diagrams, Electronic health records, Medical terminology, Data management

Grant

Application Date

1/29/2020

Grant Date

9/13/2022

Title

Related Topics

Health informatics, Diagrams, Electronic health records, Medical terminology, Data management

Status

Grant

Latest Modernizing Medicine News

AI playing larger role in cataract surgery

Feb 10, 2025

Add topic to email alerts Receive an email when new articles are posted on Please provide your email address to receive an email when new articles are posted on . Subscribe Added to email alerts Back to Healio We were unable to process your request. Please try again later. If you continue to have this issue please contact customerservice@slackinc.com . Back to Healio AI has quietly revolutionized the field of ophthalmology. While the concept of AI may evoke futuristic images of robots and automation, the reality is that many of us have been integrating AI into our practices for years without even realizing it. This article aims to demystify AI in cataract surgery and showcase how it enhances precision, improves patient outcomes and streamlines workflow. Figure 1. Iris registration accounts for cyclotorsion with a high degree of accuracy. Source: Joshua K. Duncan, DO Ophthalmology’s journey into AI Early AI applications in ophthalmology focused on retinal imaging and diagnostics, specifically for the detection and diagnosis of diabetic retinopathy. These early AI systems used deep learning algorithms to analyze retinal photographs for warning signs such as microaneurysms, hemorrhages and exudates with a high degree of accuracy. The application of AI in retinal imaging was groundbreaking, demonstrating the potential of AI to perform as well as, or even better than, human experts in certain diagnostic tasks. It also paved the way for its broader application across other areas of ophthalmology, including cataract surgery. The evolution of AI in cataract surgery Advancements in AI for cataract surgery have been incremental. Initial advancements, including the emergence of AI-driven IOL power calculators such as the Hill-RBF and various surgical management systems, quietly began to change how we approach cataract surgery. IOL calculation formulas. One of the earliest and most impactful uses of AI for cataract surgery is IOL calculation formulas such as the Hill-RBF calculator. Unlike traditional mathematical IOL calculation formulas, the Hill-RBF uses pattern recognition and a sophisticated form of data interpolation to provide more accurate calculations based on a vast dataset of surgical outcomes. The advanced self-validating method for IOL power selection has significantly improved our ability to predict refractive outcomes, particularly in eyes with complex biometry. Surgery planners. Surgery planners provide instant access to collated and relevant patient information from a variety of sources. In our practice, we use the Veracity surgery planner (Carl Zeiss Meditec). This system creates a seamless digital workflow by integrating data from electronic health record systems and diagnostic devices. This and other surgery planning software help optimize surgical plans, streamline workflow and facilitate better decision-making for patients. It integrates directly with biometry and topography devices, which reduces the risk for human error, enhancing safety and streamlining our workflow by automating many time-consuming tasks. EHR systems. Our EHR system, Modernizing Medicine, also leverages AI to improve efficiency and accuracy. It uses predictive modeling based on past patient encounters to suggest treatment plans and streamline documentation. Recently, new features such as voice recognition and real-time transcription further enhance our ability to provide personalized and precise patient care. Figure 2. Wireless connectivity between Ally and clinic-based topographers and biometers, using AI, helps with astigmatic surgical planning and operative precision. Laser cataract systems. The Ally laser system (Lensar) is a prime example of cutting-edge AI in cataract surgery. Two recent studies showed that improved accuracy of 3D reconstructions of the cornea and lens reduced phacoemulsification time as well as overall intraoperative case time with the Lensar laser (Morley and colleagues). Additionally, Ally uses AI to predictively locate iris anatomical markers for confident iris registration. This accounts for cyclotorsion and ensures precise corneal incision placement and astigmatic correction, eliminating the need for manual marking, which is a common source of human error. As a result, safety and accuracy are improved. The Ally platform also uses AI densitometry to adjust the fragmentation pattern based on the lens morphology and cataract density in real time. This can be accomplished by analyzing the surgeon’s baseline settings and using AI to adjust parameters such as spot spacing to achieve better cleavage. Such adaptability not only optimizes fragmentation patterns to increase surgical efficiency and reduce phaco energy, but we also see less corneal edema postoperatively, improved day 1 surgical outcomes and enhanced patient satisfaction. At this time, no other laser unit for cataract surgery incorporates AI. Most, however, integrate data from topographers and other diagnostic tools, ensuring that each procedure is tailored to the patient’s unique surgical plan. Such advances minimize the need for manual adjustments and enhance the accuracy of incisions and lens fragmentation. The impact of AI on workflow and patient experience AI has a profound impact on both our workflow and patient experience. Automated data entry, integrated diagnostic information and optimized fragmentation patterns — among other developments — help me focus more on patient care. This efficiency not only reduces the risk for errors and surgical complications but also allows us to see more patients without compromising the quality of care. From the patient’s perspective, AI-driven technologies contribute to better surgical outcomes and a more streamlined experience. For instance, the ability of the Ally system to adjust in real time, based on cataract density, ensures a more precise and efficient procedure. Patients benefit from shorter recovery time and fewer complications, enhancing their overall satisfaction. As we continue to explore and integrate AI into cataract surgery, we not only expand our capabilities but also pave the way for a safer and more efficient future in ophthalmology. References: Hill-RBF calculator version 3.0. https://rbfcalculator.com/online/index.html . Accessed Jan. 10, 2025. Morley D, et al. Multi-device pupil, limbus, and eyelid segmentation using deep learning. Presented at: Association for Research in Vision and Ophthalmology meeting; May 5-9, 2024; Seattle. Morley D, et al. Scheimpflug image segmentation using deep learning. Presented at: Association for Research in Vision and Ophthalmology meeting; May 5-9, 2024; Seattle. For more information: Joshua K. Duncan, DO, a cataract, cornea and refractive surgeon with Horizon Eye Specialists & LASIK Center in Arizona, can be reached at josh.kyle.duncan@gmail.com . Published by:

Modernizing Medicine Frequently Asked Questions (FAQ)

  • When was Modernizing Medicine founded?

    Modernizing Medicine was founded in 2010.

  • Where is Modernizing Medicine's headquarters?

    Modernizing Medicine's headquarters is located at 4700 Exchange Court, Boca Raton.

  • What is Modernizing Medicine's latest funding round?

    Modernizing Medicine's latest funding round is Series F.

  • How much did Modernizing Medicine raise?

    Modernizing Medicine raised a total of $340.42M.

  • Who are the investors of Modernizing Medicine?

    Investors of Modernizing Medicine include Warburg Pincus, Pentland Group, Summit Partners, Sands Capital, SVB Financial Group and 3 more.

  • Who are Modernizing Medicine's competitors?

    Competitors of Modernizing Medicine include Gentem and 3 more.

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