Practice Fusion, backed by top VCs before selling in 2018, pushed doctors to prescribe opioids in kickback scheme

Practice Fusion, backed by top VCs before selling in 2018, pushed doctors to prescribe opioids in kickback scheme

4 years ago
Anonymous $yQ5BfQaAxy

https://techcrunch.com/2020/01/27/practice-fusion-backed-by-top-vcs-before-selling-in-2018-pushed-doctors-to-prescribe-opioids-in-kickback-scheme/

Practice Fusion, a medical records startup that attracted more than $150 million from VCs, including at Founders Fund, Kleiner Perkins, and Artis Ventures, has received no shortage of negative press coverage since selling to its older and publicly traded rival Allscripts in a $100 million cash deal in early 2018.

Yet it appears that Practice Fusion, founded in 2005, was run even more poorly than has been reported. In fact, the company was just tied to same drug overdose epidemic that has killed tens of thousands of Americans in just the last few years alone. How is it possible that a venture-backed, San Francisco-based medical records startup could have that kind of impact? In a word: kickbacks.