Dive Brief:
- EHR company Practice Fusion is moving around some top personnel, causing IPO speculation to heat up.
- Ryan Howard, company founder and CEO, will now serve as chairman of the board, and Tom Langan, who previously served as the chief commercial officer, becomes interim CEO.
- Mr. Langan would not confirm that his appointment indicated an IPO, but told The Wall Street Journal that the company is "focusing on putting the appropriate elements in place" for what the company plans next.
Dive Insight:
The decade-old company has increased revenue growth 70% over the past year, and manages 100 million patient records. Practice Fusion's platform is used by more than 112,000 healthcare professionals and is used to facilitate 30,000 medical visits daily, according to the company. Other products include a patient portal, a site where patients review doctors and several applications that enhance doctor-patient communications. The company has raised more than $157 million from various investors.