Practice Fusion
Health TechUSAClosed 2020
Total Raised
$157M
Peak Valuation
$1.50B
Employees
—
Year Collapsed
2020
Business model
Free electronic health record (EHR) software, monetized via data and pharmaceutical advertising.
In brief
Offered free electronic health record software to doctors, then generated revenue by allowing an opioid manufacturer to design clinical alerts nudging physicians toward prescribing its products, in exchange for payment. The Department of Justice charged the company in 2020 for it…
See the What Happened tab for the full account.
Key facts
- Founded
- 2005
- Closed
- 2020
- Headquarters
- San Francisco, USA
- Industry
- Health Tech
- Employees
- —
- Revenue
- Undisclosed
- Founders
- Ryan Howard
Related failures
Theranos
2003–2018Health Tech · USA
Fraud$945MOutcome Health
2006–2017Health Tech · USA
Fraud$500MuBiome
2012–2019Health Tech · USA
Fraud$105MOlive AI
2012–2023Health Tech · USA
Overexpansion$852MForward
2017–2024Health Tech · USA
Ran out of funding$400MIronNet
2014–2023Cybersecurity · USA
Fraud$400M
Often compared with: Epic Systems, athenahealth.