Practice Fusionby admin on 10/10/2015 11:39 AM
San Francisco-based ambulatory care electronic health record vendor Practice Fusion has laid off 75 employees, about a quarter of its work force, according to articles in Fast Company and TechCrunch.
The personnel affected involved those in the engineering, product, marketing and customer success departments. The articles indicate that only mid- and lower-level staff, not executive personnel, were impacted. TechCrunch confirmed that the restructuring, which was announced at a company-wide meeting, was done to enable the vendor to “become cash flow positive.”
Practice Fusion, which calls itself the top cloud-based EHR platform for doctors and patients, announced just last month that it had accelerated year over year revenue growth of more than 70 percent and had added 5,000 new active practices in 2015. It has gone through other recent changes, however. For instance, founder Ryan Howard stepped down as CEO in August 2015, according to the Wall Street Journal, and was replaced by Tom Langan. The company also has moved into new product lines, such as the offering in 2015 of prescription coupons in its EHRs that physicians can pass on to their patients and the creation of a national healthcare data base for professionals, public health organizations and research institutions.
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