ModMed

What ModMed does

ModMed (Modernizing Medicine, Inc.) is a private, specialty-specific healthcare SaaS company that develops cloud-based electronic health record (EHR) and practice management software for 11 medical specialties — allergy, dermatology, otolaryngology, gastroenterology, OBGYN, ophthalmology, orthopedics, pain management, plastic surgery, podiatry, and urology. The company's flagship platforms are EMA (touch-based, adaptive-learning EHR for most specialties) and gGastro (GI-specific EHR with an Endoscopy Report Writer). Built on AWS infrastructure and processing more than 3 petabytes of clinical data monthly across approximately 50,000 providers, ModMed's platform is anchored by a specialty-specific training dataset of 750M+ patient encounters, 2B+ diagnoses, and 4B+ treatment plans that powers its AI-Powered Practice offering.

ModMed monetizes primarily through per-provider subscription licensing of its EHR and practice management suite, with additional revenue from professional services (Revenue Cycle Management and MIPS Advising), transaction-based payment processing (ModMed Pay, powered by Adyen), and add-on AI products such as ModMed Scribe 2.0 — an ambient clinical documentation solution launched in November 2025 that reached 1,600+ providers and 240,000 patient visits within three months. The go-to-market is a direct enterprise field sales motion complemented by an inside sales team, an annual MOMENTUM user conference, and a channel ecosystem built around the synapSYS Marketplace and integrations with Change Healthcare (1,200+ lab entities), Trice Imaging, and RevSpring. ModMed also operates a developer portal exposing a Certified FHIR API for third-party interoperability.

In March 2025, Clearlake Capital completed a majority growth investment in ModMed at a reported $5.3 billion valuation, succeeding Warburg Pincus as the primary institutional backer. The company has pursued a deliberate M&A strategy to extend product surface — acquiring Xtract Solutions (2023, allergy management software), TRAKnet and Exscribe (2021, podiatry and orthopedics EHR), gGastro (2015, GI EHR), and Bonsai Health (April 2026, agentic AI patient engagement). Sub-brands include ModMed Scribe 2.0, gScribe, AI-Powered Practice, Klara, and Bonsai Health. Daniel Cane serves as cofounder and co-CEO. ModMed is headquartered in Boca Raton, Florida, with operations in India.

Name

ModMed

Legal name

Modernizing Medicine, Inc.

Website

https://modmed.com

Company type

Private

Founded year

2010

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

ModMed is a private healthcare SaaS company that provides specialty-specific cloud-based EHR, practice management, RCM, and AI-powered clinical documentation across 11 medical specialties, serving approximately 50,000 providers in the U.S. market and majority-owned by Clearlake Capital.

Ownership category

akta.pro rank

Product category

Specialty-Specific Healthcare EHR Software (SaaS)

NAICS

Software Publishers (5132), Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518)

SIC

Services-Prepackaged Software (7372), Services-Computer Programming, Data Processing, Etc. (7370)

akta.pro primary industry

Revenue Cycle, Coding & Telehealth Compliance Platforms (for provider orgs) (HLALABAM)

akta.pro secondary industries

Clinical Coding Support (ICD/CPT/SNOMED) & Documentation Compliance Tools (HLACAAAO), Medical Billing & Coding Automation (HLACACAA)

Keywords

• Specialty EHR software
• Healthcare practice management
• Ambient clinical documentation
• Medical revenue cycle
• AI-powered EHR

Headquarters

HQ city

Boca Raton

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Marketing or Sales, Infrastructure, Operations

Revenue model

1. EHR Software Subscription: Cloud-based specialty-specific EHR and practice management software sold on a subscription basis per provider. Includes integrated billing, RCM, analytics, and patient engagement features.
2. AI Scribe Solutions: AI-powered clinical documentation solutions offered as add-on subscriptions. Early bird pricing of $2.99/month for the first year was offered at MOMENTUM 2025.
3. Revenue Cycle Management Services: Hands-on RCM support services working alongside practice staff to track performance and assist with daily billing and claims tasks.
4. MIPS Advising Services: Specialized consulting services to help practices track MIPS progress, strategize score goals, and navigate submission processes.
5. Payment Processing (ModMed Pay): Integrated payment processing services through Adyen partnership, enabling practices to accept digital payments within clinical workflows.

Pricing tiers

Go-to-market motion3 records

Distribution channels3 records

Marketing channels9 records

Core offering

ModMed sells a cloud-based, specialty-specific healthcare software platform that includes electronic health records (EMA for 10 specialties and gGastro for gastroenterology), practice management, revenue cycle management services, patient engagement, and AI-powered clinical documentation such as ModMed Scribe 2.0. The platform integrates ambient AI documentation, automated coding, MIPS reporting, analytics, payment processing (ModMed Pay), and a synapSYS integration ecosystem that connects practices to labs and partner applications. Customers are specialty medical practices across the United States that subscribe per provider, supplemented by professional services for RCM and MIPS advising.

Product overview

ModMed offers a comprehensive specialty-specific healthcare software platform with AI-powered solutions across 11 medical specialties. The core offerings include EMA EHR (for allergy, dermatology, ENT, OBGYN, ophthalmology, orthopedics, pain management, plastic surgery, podiatry, and urology) and gGastro EHR (for gastroenterology). The AI-Powered Practice platform integrates multiple specialized AI assistants including ModMed Scribe 2.0 (ambient clinical documentation), gScribe (GI-specific scribe), and AI assistants for scheduling, prior authorization, and RCM. The platform is built on a unified architecture combining EHR, Practice Management, RCM Services, Analytics, Patient Engagement (powered by Klara), and ModMed Pay (via Adyen) into a single integrated system. Additional modules include MIPS Advising, Telehealth, Pathology Module, ePrescribing, Voice Recognition, and Inventory Management. The synapSYS integration platform enables connectivity via HL7, Certified FHIR API, and a marketplace of partner applications including Change Healthcare for labs and RevSpring for patient engagement. Recent acquisitions include Xtract Solutions (immunotherapy software) and Bonsai Health (agentic AI patient engagement).

Differentiator

Problem solved

Functional benefit

Brands

• EMA: Electronic Medical Assistant - specialty-specific EHR system
• gGastro
• ModMed Scribe 2.0
• gScribe
• Bonsai Health
• Xtract Solutions
• synapSYS
• Klara
• AI-Powered Practice

Products and services

• EMA (Electronic Medical Assistant) Specialty-specific EHR and practice management system for allergy, dermatology, ENT, OBGYN, ophthalmology, orthopedics, pain management, plastic surgery, podiatry, and urology, with tap-and-go notes, automated coding, and adaptive learning.
• gGastro GI-specific EHR and practice management suite for gastroenterology practices and ambulatory surgery centers, with touch-based interface, GI-specific blueprints, and Endoscopy Report Writer.
• ModMed Scribe 2.0 AI-powered ambient clinical documentation solution that listens to patient-provider conversations and generates structured visit notes, coding suggestions (E&M, ICD-10, CPT), and clinical actions, built natively into EMA EHR.
• gScribe GI-specific ambient listening AI scribe integrated into gGastro EHR, trained on gastroenterology terminology, and suggesting visit notes, ICD-10 codes, and care plans for GI practices.
• AI-Powered Practice Comprehensive AI platform bringing AI assistants to clinical, billing, front-office, and patient engagement workflows, including specialized AI assistants for scheduling, prior authorization, claims processing, and documentation.
• Practice Management Integrated practice management software for scheduling, check-in, eligibility verification, and claims submission, working alongside EHR to streamline workflows from scheduling to checkout.
• Revenue Cycle Management (RCM) Services Billing and collections management with experienced billing specialists tracking performance and providing hands-on assistance with daily billing and claims tasks to reduce missing charges and administrative rework.
• Analytics Business insights platform tracking KPIs, visit volume, conversion rates, reimbursement trends, and MIPS scores in near-real time with visibility into revenue opportunities.
• Patient Engagement (powered by Klara) Two-way patient communication platform reducing front-office manual work, automating scheduling, message routing, appointment reminders, and patient outreach with AI-powered analysis and action suggestions.
• ModMed Pay Embedded payment processing solution via Adyen partnership, offering convenient payment methods inside clinical workflows that improve patient satisfaction while reducing call volume and manual data entry.
• MIPS Advising Specialist support for MIPS data collection and submission, including MIPS dashboard, built-in reports, and advisor assistance for tracking estimated performance against benchmarks and achieving score goals.
• Telehealth Telemedicine capabilities integrated into the EHR and practice management platform for virtual patient consultations, supporting remote specialty care delivery.
• synapSYS Integration Platform Integration platform enabling connectivity with pathology labs, clinical labs, and third-party applications, with Certified FHIR API, HL7 interfaces, and App Marketplace for partner integrations.
• Xtract Solutions Allergy Software Immunotherapy software providing predictive dosing, real-time inventory tracking, testing reminders, before-use-date management, configurable user privileges, and software-generated barcode labels for allergy practices.
• Bonsai Health Agentic AI patient engagement platform that automatically identifies care gaps in patient histories, matches them with open appointment slots, and sends proactive outreach via SMS and email without human intervention.
• synappSYS Marketplace App marketplace for third-party integrations and partner applications, including RevSpring EngageIQ for patient engagement and payment processing.

Quantifiable outcome

• Reduces documentation time by 50%
• +9 more outcomes

Named customers14 records

Segments11 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration7 records

AI capability8 records

Feature8 records

Partnerships

Five partnerships are on record, tiered core.

• Bonsai HealthcoreTechnology or Integration · 20 April 2026Acquired Bonsai Health, a high-growth agentic AI patient engagement platform, to strengthen the AI-Powered Practice offering. Bonsai's technology automatically identifies care gaps, matches with appointment slots, and sends proactive outreach via SMS and email without human intervention. Founders Travis Schneider and Luke Kervin (co-founders of PatientPop) joined ModMed. Being scaled across ModMed's network of ~50,000 providers.
• Amazon Web Services (AWS)coreTechnology or Integration · 13 April 2026Expanded multi-year agreement with AWS as primary cloud provider to power the AI-Powered Practice initiative. AWS has been ModMed's cloud provider since the company's founding. The partnership supports AI tools including ModMed Scribe 2.0, processing over 3 PB of data monthly. AWS provides security, reliability, and scalability for deploying AI across ModMed's platform.
• Xtract SolutionscoreTechnology or Integration · 5 January 2023Acquired software from Xtract Solutions to develop a leading allergy management solution and comprehensive allergy care platform. The acquisition brought immunotherapy software that was integrated into ModMed's allergy EHR, enhancing capabilities for allergy providers with predictive dosing, real-time inventory tracking, and testing/management features.
• AdyencoreTechnology or IntegrationPartnership with payment infrastructure provider Adyen to embed payments directly into clinical workflows. Adyen's global licenses enable ModMed to offer financial services without obtaining its own money transmission licenses. This positions ModMed as a financial operating system for medical practices, expanding into business lending and card issuing.
• Change HealthcarecoreTechnology or IntegrationFree interface with Change Healthcare connecting practices with over 1,200 lab entities nationwide, including national labs, hospital labs, and specialty labs. Change Healthcare's Intelligent Healthcare Network processes 15 billion healthcare transactions annually.

Scale indicators19 records

Recent moves7 records

Expansion highlights6 records

Emerging players

• Elation Health: Clinical-first EHR platform for independent primary care and specialty practices; comparable specialty ambulatory workflow focus with an emerging AI strategy, overlapping with ModMed's lower-end of the specialty market.

Direct peers

• eClinicalWorks: Ambulatory EHR/PM vendor serving a large network of specialty and primary care practices; competes with ModMed in the mid-market specialty segment with similar SaaS subscription + services model.
• Practice Fusion: Cloud-based ambulatory EHR targeting independent practices; overlaps with ModMed's SMB end of the market and competes on price-sensitive specialty deals.
• NextGen Healthcare: Ambulatory EHR and practice management platform with strong specialty footprint (particularly in ENT, orthopedics, and ophthalmology); competes head-to-head with ModMed in specialty ambulatory SaaS deals.
• athenahealth: Cloud-based EHR, practice management, and RCM SaaS for ambulatory practices; directly competes with ModMed on enterprise ambulatory deals, particularly in mid-market specialty groups. Comparable subscription + RCM revenue model.
• Tebra: Practice management, EHR, and patient engagement platform formed from Kareo + PatientPop; comparable SMB/mid-market ambulatory SaaS model and competes with ModMed on practice management + patient communication deals.
• Greenway Health: Ambulatory EHR and practice management vendor with specialty-tuned workflows; comparable customer base in independent specialty practices and similar subscription + RCM monetization.
• DrChrono: Cloud-based EHR/PM platform with mobile-first design and an app marketplace; competes with ModMed in small/mid-market specialty practices with a developer-friendly platform approach.

Broad incumbents

• Epic Systems: Dominant EHR vendor across large health systems, increasingly pushing into specialty ambulatory via enterprise rollouts. Doesn't specialize in ModMed's 11-vertical focus but represents the largest competitive threat in enterprise deals.
• Oracle Health (Cerner): Broad enterprise EHR vendor with ambulatory footprint; competes with ModMed on larger specialty group deployments where Oracle's enterprise stack and integration capabilities are differentiating factors.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/modmed
• YouTubeyoutube.com/user/modernizingmedicine
• Facebookfacebook.com/modernizingmedicine
• LinkedInlinkedin.com/company/modernizing-medicine
• Instagraminstagram.com/therealmodmed

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries2 records

Funding overview

Funding rounds11 records

Investors7 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A7 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about ModMed