Month: September 2015

MODERNIZING MEDICINE TO GO ON HIRING BLITZ, BREAK INTO TELEMEDICINE: CEO

cane-daniel
Daniel Cane says Modernizing Medicine has entered into a revenue-sharing deal with IBM.

The co-founder of a Boca Raton medical technology startup said Tuesday his company is about to embark on a hiring blitz, adding at least 100 new employees to his 430-person firm.

Daniel Cane, co-founder and CEO of five-year-old Modernizing Medicine, told the South Florida Business Journal that he’s bullish on his firm’s ability to tap into the South Florida tech talent pool, even as others have criticized the availability of human resources locally to fill positions in forward technology companies.

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MODERNIZING MEDICINE CLOSES SERIES E FINANCING

Modernizing Medicine

Modernizing Medicine, Inc., the creator of the Electronic Medical Assistant® (EMA™), a cloud-based, specialty-specific electronic medical record (EMR) system, announced today that it has closed a $38 million Series E financing, bringing total capital raised to approximately $87 million.

The investors in the latest round of financing included Pentland Group and funds affiliated with Summit Partners and Sands Capital Ventures.

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THIS BOCA STARTUP IS JUST WHAT THE DOCTOR ORDERED

Brian Garr, formerly CEO of LinguaSys, is turning his energies to healthcare tech with a medical scheduling app. © Mark Freerks
Brian Garr, formerly CEO of LinguaSys, is turning his energies to healthcare tech with a medical scheduling app. © Mark Freerks

Brian Garr had his heart set on building the next “killer” medical app for Google Glass. When his cardiologist told him that idea wouldn’t pan out, however, the Boca Raton serial entrepreneur turned to keeping doctors’ revenues from flatlining.

Garr, who’s fresh from selling the technology assets of his prior venture LinguaSys, credits his physician Jean-Pierre Awaida with the idea behind his new company Doc-quick. At a check-up last March, the Delray Beach cardiologist listened to Garr go on about his plan for creating a medical data tool that physicians wearing augmented reality glasses could use. Awaida instead suggested Garr use his 21st-century tools to solve a much older and persistent problem for clinicians – what to do when patients simply don’t show up for appointments.

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BOCA REGIONAL INTRODUCES ULTRA-MINIMALLY INVASIVE SURGICAL PROCEDURE FOR ATRIAL FIBRILLATION PATIENTS

Boca Raton Regional HospitalBoca Raton Regional Hospital’s Richard G. Cartledge, MD, FACS, has begun performing ultra-minimally invasive left atrial appendage ligation for atrial fibrillation patients who are on anticoagulants such as Coumadin, Xarelto or Effient. Dr. Cartledge, who is Chief of Cardiothoracic Surgery at the Hospital, is one of a select group of surgeons nationally using this method, which involves making two microscopic incisions in order to seal off the left atrial appendage (LAA) in patients where anticoagulants are contraindicated or who refuse to be on such medications.

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PALM BEACH COUNTY WANTS TO EXPAND LIFE SCIENCE INDUSTRY

test tube graphic 2Palm Beach County‘s life science industry — controversial for the amount of tax dollars sunk into it more than a decade ago — will be put under a microscope for potential expansion.

Business Development Board president Kelly Smallridge on Tuesday unveiled an effort aimed at expanding the county’s life science businesses.

The economic development group is “going back to the table to inventory the county’s life science assets,” Smallridge said.

A $55,000 study by Maryland-based Facility Logix will help the Business Development Board understand the assets of the life science sector and identify gaps to better market the county, she said.

The county’s biotech sector includes Scripps Florida and the Max Planck Florida Institute for Neuroscience in Jupiter, about 200 biotech companies, hospitals, and educational programs including Scripps, Max Planck and Florida Atlantic University’s School of Medicine.

Now that Florida’s economy has essentially recovered from the recession, Smallridge said it’s time for economic officials to make a bigger play for science-related businesses as well as figure how to keep spin-off companies from the institutes in the area.

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