Closing the gap between EHRs and telemedicine
The pending transaction, terms of which were not disclosed, cements a long-standing relationship between the two companies. Ringadoc, which was launched in 2010 and originally based in Practice Fusion’s San Francisco headquarters (Practice Fusion Founder and CEO Ryan Howard is an investor), offers a mobile platform that connects consumers to providers and enables doctors to manage patients outside the office.
“There are three things necessary to make telemedicine possible: doctors, patients and data,” Howard said in an Aug. 6 press release announcing the deal. Calling Ringadoc “a natural fit,” Howard added that the technology will enable Practice Fusion to “advance development” of telemedicine capabilities within its offerings.
“When it’s midnight on a Saturday and your child has a fever of 101, waiting the industry average of 18.5 daysto see a primary care physician is not an option,” Howard added.
Founded in 2005, Practice Fusion serves some 112,000 clinician clients with a database of more than 81 million patient records, officials say. Last year, the company launched Patient Fusion, a consumer-facing product that enables individuals to search for local doctors and schedule appointments online.
The two companies had announced a marketing partnership in June 2013. At the time, leaders of both companies said they were looking to bridge the gap between the consumer who wants instant access to a doctor and the doctor who wants to manage his or her practice outside the office and connect with new patients.
Ringadoc co-founder and CEO Jordan Michaels said that being part of Practice Fusion will enable both companies to accelerate “our combined vision of telemedicine.”
The acquisition also helps Practice Fusion continue working its way into the mHealth landscape. This past February, the company announced that data from AliveCor’s HeartMonitor ECG recorder can now be integrated into its EHR, giving physicians a link to a patient’s heart rate. The company also has partnerships with ADP AdvancedMD, CollaborateMD and NueMD, in which the three would use Practice Fusion’s API to offer web-based billing solutions to physicians and practices.