Key Products

As of 2023, ModuleMD offers integrated EHR software, solutions for specialty clinics, and a suite of services to help practices increase efficiency, reduce costs, and comply with state and federal regulations related to data collection, meaningful use, and patient privacy.

Software

ModuleMD offers a cloud-based EHR solution with lab integration, telemedicine features, and specialty customizations. This EHR has a built-in Quality Programs module, enabling practices to track compliance and determine if they’re close to meeting their goals. Providers also have access to a Patient Dashboard, making it easier to prepare for visits or follow up with patients in between appointments.ModuleMD also offers a software solution for practice management. Users have access to time sheets, forms, messaging, scheduling, and other tools, making it easier to manage the office functions of a busy medical practice.

Specialty Solutions

As of 2023, ModuleMD offers specialty software for pulmonology, sleep medicine, allergy and immunology, and internal medicine.

• Pulmonology: The pulmonology solution combines standard EHR features with tools just for pulmonology practices, such as spirometry trending and asthma control testing.


• Sleep medicine: Users have access to sleep study questionnaires, ESS scoring, and other tools designed to improve the quality of care provided to patients in sleep medicine clinics.


• Allergy and immunology: In addition to standard EHR features, the allergy and immunology solution comes with features designed to track skin testing results, label custom allergy injections, provide allergy handouts, and complete other relevant tasks.
  
  Internal medicine: The internal medicine solution gives providers access to vital sign trending, patient forms, remote patient monitoring, and other tools.

Services

ModuleMD offers several services to help providers comply with federal regulations, achieve quality goals, and increase cash flow. The company’s management services include practice optimization and workflow analysis, business continuity consulting, new practice consulting, and MIPS/MACRA advising. ModuleMD also offers revenue cycle management, transcription, payment processing, and chronic care management for medical practices throughout the United States. Under the Medicare Access and Chip Reauthorization Act (MACRA), physicians and other healthcare providers must collect and submit data under the Merit-Based Incentive Payment System (MIPS). Providers who comply fully have the opportunity to increase their reimbursement rates, while providers who don’t submit the requested data may receive less money for their services. Understanding the MIPS and MACRA requirements allows medical practices to maximize their revenue and ensure all providers are reimbursed appropriately for their efforts.

Customer Insights

ModuleMD, with its steadfast dedication to healthcare innovation and transformative solutions, garners sincere appreciation and recognition from a diverse spectrum of stakeholders within the healthcare technology sector. It has received a rating of 4.8/5 on G2 and 4.2 on Capterra, with clients appreciating the customer service and support. The company’s profound influence on healthcare practices is evident through the success stories of numerous healthcare providers who have benefited from its comprehensive suite of software and services.

Healthcare providers express their gratitude for the invaluable support and guidance they receive through ModuleMD’s robust offerings, which include the ModuleMD EMR, Practice Management software, Patient Engagement solutions, and Revenue Cycle Management services. These offerings empower healthcare professionals to enhance patient care, streamline practice operations, and optimize revenue management.

Patients, clients, and partners in the healthcare industry laud the company’s commitment to advancing healthcare technologies and facilitating seamless patient care. Organizations that have adopted ModuleMD’s EMR and Practice Management solutions commend the company for its instrumental role in improving clinical workflows and practice efficiency. 

The dedication to facilitating collaboration between healthcare providers, technology experts, and industry leaders is reflected in its strategic initiatives. The company’s unwavering commitment to innovation-driven healthcare is underscored by its continuous support of early-stage ventures with transformative potential.

Moreover, academic institutions, research organizations, and industry partners acknowledge their role as catalysts for healthcare technology advancement. Collaborations with these esteemed partners have resulted in the development of cutting-edge solutions that enhance patient care and practice operations. ModuleMD’s commitment to knowledge exchange and collaboration between healthcare professionals and technology experts contributes to the growth and advancement of the healthcare technology ecosystem.

In conclusion, ModuleMD’s significant impact on the healthcare technology sector has earned them genuine appreciation and admiration from healthcare providers, patients, clients, and industry partners. Their unwavering commitment to innovation, support for healthcare practices, and dedication to advancing healthcare technology position them as a pivotal force driving positive change in the healthcare industry.

Statistics

• Founded: 2000


• Number of employees: 100+


• Practice locations: 300+


• Medical records: 100 million+ 


• Active products: 20+


• Funders: 100+

Rating and Commentary

ModuleMD’s exceptional leadership team is at the forefront of propelling innovation and catalyzing transformative change in the healthcare technology sector. Under the guidance of CEO Abhinay Rao Penugonda and his stellar team, the company showcases a steadfast commitment to empowering healthcare practices and professionals on their journey to success. This unwavering dedication to advancing healthcare technology solutions firmly establishes this company as a leading force driving positive change in the healthcare industry.

Supported by a diverse group of dedicated investors, ModuleMD is poised for continued growth and triumph. With esteemed venture capital firms, corporate partners, and philanthropic organizations such as Pure Michigan, GSG Capital, and the American Medical Association by its side, the organization benefits from access to a wealth of resources and industry expertise. These investors not only provide crucial financial backing but also extend invaluable guidance and mentorship to healthcare practices and professionals.

While other companies such as MXSecure Inc., Tranquil Money Inc., and Core Solutions Inc. may operate in similar sectors, ModuleMD’s distinctive approach, collaborative ethos, and comprehensive support programs set it apart from the competition. The company’s robust partnerships with renowned academic institutions, research organizations, and industry leaders have paved the way for a thriving innovation ecosystem that nurtures groundbreaking healthcare technology solutions.

As the premier hub for healthcare technology innovation and entrepreneurship, they are poised to lead the charge in pioneering healthcare advancements and contributing to the evolution of cutting-edge technologies, solidifying their position as an industry leader for years to come.

ModuleMD's Video

Key Executives

Abhinay Rao Penugonda, CEO

Abhinay serves as the CEO and primary investor at ModuleMD, a prominent player in the healthcare technology sector. With a robust track record, he brings over 15 years of experience spearheading growth strategies for both large and mid-sized enterprises. His journey began in the Technology Investment Banking division at CIBC World Markets in New York City. Abhinay’s educational background is equally impressive, with a Bachelor of Science degree in operations management from Purdue University. He has further enriched his knowledge and expertise through master’s degrees obtained from prestigious institutions such as USC and the London Business School. 

Stephanie Coleman, Medical Director

Stephanie is an accomplished medical professional with a Bachelor’s degree in Biology from the University of Michigan and a Master’s degree in Medicine from Western Michigan University. Before becoming a Medical Director at ModuleMD, she gained valuable experience as a Director of Operations at Advanced Allergy and Asthma. At AAC, Stephanie worked independently in multiple offices, diagnosing and treating patients with great success. Additionally, she has developed, implemented, and managed a  HIPAA compliance program. Stephanie’s extensive medical background and experience make her a valuable asset to the ModuleMD team. 

Dwayne Madry, Sales Director

Dwayne is a seasoned sales professional with a track record of success. He has led sales teams focused on expanding existing accounts, developing new business, and improving business processes to increase profits. Dwayne is a visionary leader who is highly motivated and results-driven, with a proven ability to identify new markets and develop innovative products. He is experienced in staff management and training, building client relationships, and strategic business planning. Known for his ability to simplify complex problems, Dwayne has worked for top-tier organizations such as Practice Suite Inc. and AdvanceMD before joining ModuleMD.

Board Members

As of 2023, the ModuleMD board had five members:

• Abhinay Rao: CEO and Lead Investor


• Dr. Seshagiri Dandamudi: Founder and President Emeritu


• Jonathan Piurko: Co-Founder


• Dr. Kenneth Krajewski: Medical Oncologist/Hematologist at MyMichigan Medical Oncology & Hematology


• Blake Macleod: Partner at Archipelago Capital Partners

Key Milestones

• ModuleMD earns top recognition in the G2 Summer 2023 report as a High Performer in the EHR category in July 2023


• ModuleMD earns 2023 Great Place to Work Certification in healthcare in June, 2023


• ModuleMD and Aluna partnered to bring 24/7 remote patient monitoring to practices and respiratory patients in February 2023


• Silverstone Capital invested in ModuleMD in 2021 


• Drummond Group certified ModuleMD’s HER Suite for Medicare and Medicaid programs in 2017


• ModuleMD is one of first Michigan-based EHR achieve meaningful Use Stage 2 certification in February 2014

News and Press Releases

• February 2023: ModuleMD brings 24/7 remote patient monitoring to practices and respiratory patients (Read)


• September 2022: Incentive spirometry completion and the pulmonary HER SaaS by ModuleMD (Read) 


• August 2022: ModuleMD exhibits Pulmonary Software at ATS 2022 (Read) 


• May 2022: AAAAI practice management workshop (Read)