Electronic Medical Records Service Practice Fusion Raises $6M From SV Angel, Founders Fund

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Practice Fusion, a web-based electronic medical records and healthcare community, has raised over $6 million in new funding from SV Angel, Western Technology Investment, Scott Banister, Founders Fund, Morgenthaler Ventures, Glynn Capital Management, SV Angel, Auren Hoffman, CEO of Rapleaf, Hadi and Ali Partovi, Peter Loftsgordon, and Mike McCarthy. To date, the startup has raised over $36 million in funding.

Launched in 2007, Practice Fusion allows doctors across the country to chart patient visits, review records, schedule appointments, prescribe medications electronically, order and receive lab tests, and connect patients to their health data online. Practice Fusion’s web-based system is free to health care providers and lives in the cloud.

Practice Fusion;s hosted electronic medical records that are always online and works to improve the overall efficiency of a healthcare provider’s practice by matching the workflow of primary care and specialty physicians through the entire lifecycle of a patient’s healthcare — while giving them access to their personal records.

Practice Fusion has created buzz amongst doctors after the the Obama Administration’s $44,000 incentives for doctors to start moving their health records online. The company has brought more than 100,000 health care providers into its community, allowing for triple-digit annual growth among its users. The company announced last week that a forecasted 5,000 eligible medical professionals are using the EMR to qualify for up to $90 million in 2011 federal technology incentives.