Asset Manager

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Modernizing Medicine

Modernizing Medicine was founded in 2010 in Boca Raton by technology entrepreneur Dan Cane and dermatologist Dr. Michael Sherling.

Modernizing Medicine

Modernizing Medicine was founded in 2010 in Boca Raton by technology entrepreneur Dan Cane and dermatologist Dr. Michael Sherling. The pairing of a software founder with a practicing physician gave the company a founding premise that it still broadcasts: hire doctors and teach them to code. That physician-developer model was an early attempt to solve the mismatch between generic EHR systems and how specialists actually practice. The firm now runs a specialty-specific cloud platform covering 11 fields — dermatology, gastroenterology, orthopedics, ophthalmology, and others. Its core assets are the EMA and gGastro electronic health records, which feed into a wider suite of practice management, revenue cycle management, analytics, and patient engagement tools. ModMed has layered on AI across its stack, most visibly through ModMed Scribe, an ambient clinical documentation tool that converts patient-provider conversations into structured data and suggested actions like prescriptions and lab orders. The company markets this collection as the "AI-Powered Practice," an umbrella term for machine-learning features that handle fax triage, claims denial assessment, and inbound message routing. Its platform processes data from millions of patient encounters and includes an API marketplace that connects third-party applications to the core EHR. The company reports more than 2,500 employees spread across its Boca Raton headquarters and offices in Hyderabad, India, and Olympia, Washington. Its platform supports over 160,000 healthcare professionals. While ModMed does not run outside capital in a fund structure, it operates an annual user conference — MOMENTUM, slated for October 2026 in Orlando — that functions as a product roadmap reveal and peer networking hub. Its software has ranked first across all 11 specialty EHR categories in Black Book surveys and appeared in G2's 2026 Best Software Awards. In 2024, the firm won a Stevie Gold award for its customer service department. ModMed's structural differentiator is not software-as-a-service but clinician-as-developer. The firm's on-staff physicians maintain active programming roles, encoding specialty-specific logic into the product. That sourcing model — building software directly with the end-user's clinical judgment — distinguishes it from EHR giants that bolt specialty templates onto a general architecture. The governance remains with the founders: Cane contributes the scaling playbook from his prior venture experience, while Dr. Sherling anchors the clinical authenticity that the company sells to a market tired of generic workflow tools.

Website
modmed.com

General information

Firm type

Asset Manager

Year founded

2010

AUM

Undisclosed

Location

Region

North America

Country

United States

City

Boca Raton

Corporate office

4700 Exchange Court, Suite 225, Boca Raton, FL 33431, United States

Additional offices

Hyderabad, India · Olympia, WA

Principals

Dan Cane

Co-founder

Dr. Michael Sherling

Co-founder

Sector focus

Digital HealthAI/MLEnterprise Software

Frequently asked questions

How did ModMed's founding model shape its software development approach?

ModMed was founded in 2010 by a software entrepreneur, Dan Cane, and a practicing dermatologist, Dr. Michael Sherling. From the start, the company hired doctors and taught them to code, embedding clinical reasoning directly into the product build. That physician-developer model was designed to produce EHRs that reflect real specialty workflows rather than generic medical documentation patterns. It remains a core part of how the firm differentiates its platform.

Which medical specialties does ModMed serve with its EHR systems?

The platform covers 11 specialties: allergy, dermatology, ENT, gastroenterology, OBGYN, ophthalmology, orthopedics, pain management, plastic surgery, podiatry, and urology. Its two main EHRs are EMA, which spans most of those fields, and gGastro, which is purpose-built for gastroenterology practices including endoscopy workflow. Each version is designed with templates, terminology, and exam structures specific to that specialty.

What role does AI play in ModMed's current product suite?

ModMed has woven AI tools throughout its platform under the branding 'AI-Powered Practice.' The flagship is ModMed Scribe, an ambient listening tool that translates patient-provider conversations into structured clinical notes and suggests prescriptions, lab orders, and patient education. AI also handles claims denial assessment, inbound message triage, fax intake, and scheduling assistance. The firm trains AI Assistants across all practice areas while emphasizing that clinicians remain in control of care decisions.

How do practices access the broader ModMed ecosystem beyond the core EHR?

Everything sits on a single connected platform — no separate logins are required for practice management, revenue cycle management, analytics, patient engagement, or payment processing. ModMed also operates an API marketplace that allows third-party technologies to integrate with the EHR. The company supplements its software with ModMed RCM Services, which pairs billing specialists with AI to handle claims and collections.

Does ModMed have a physical presence outside Florida?

Yes. The company runs offices in Hyderabad, India, and Olympia, Washington, in addition to its Boca Raton headquarters. Total employee count exceeds 2,500 worldwide. Client support operates from these locations, with U.S. phone support available Monday through Friday during Eastern Time business hours.

What evidence exists that ModMed's specialty-specific approach works better than general EHRs?

In external surveys, ModMed's EHRs have ranked first across all 11 specialties it serves in Black Book market research. The company also placed in G2's 2026 Best Software Awards and won a 2026 Artificial Intelligence Excellence Award. On its website, the firm publishes practitioner testimonials citing revenue increases and higher patient volumes, though these are self-reported marketing claims rather than independently audited outcomes.

Is ModMed a family office or does it manage outside capital?

ModMed is not a family office; it is a private operating company that develops and sells healthcare software. It does not publicly disclose any AUM or fund structure and is not known to operate as an investment vehicle. The firm's capital base and ownership structure are not publicly detailed beyond the co-founders' roles.

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