Healthtech pioneer ModMed puts co-CEOs at the helm

ModMed founder Dan Cane now has a co-CEO to help lead the next chapter of this homegrown electronic health records pioneer.

Joe Harpaz joined the Boca Raton-based company in 2018 as president and COO. Today, ModMed (formerly Modernizing Medicine) announced he would be co-CEO alongside Cane.

Harpaz [pictured above] has implemented multiple strategic initiatives that transformed the company’s go-to-market approach and fueled year-over-year growth, including driving market share with the company’s expansion into new medical specialties and products and through several key strategic acquisitions, the company said.

“For some time, Joe’s contribution and many successes at ModMed have gone beyond go-to-market strategy and operations. With his depth of experience in operational excellence, his passion for serving customers, and his longstanding commitment to empowering those around him, we are so pleased to recognize him with this promotion and are confident in Joe’s continued ability to drive growth and profitability,” Cane, who founded and has run ModMed since 2010, said in a statement.

Working alongside Cane and Chief Medical and Strategy Officer Dr. Michael Sherling, Harpaz will continue his role in helping shape the company’s vision and strategic direction.

“I am honored and excited for the incredible opportunity to co-lead this next chapter of ModMed, and to continue to work with our executive leadership team to deliver sustainable value and results,” Harpaz said.

Harpaz previously worked at Thomson Reuters, where as managing director of the Corporate Market, he led the highest-growth business in the company with nearly $600 million in global revenues. Earlier in his career, Harpaz founded Immediatech and the GoFileRoom cloud workflow solution.

An early South Florida tech success story that now has more than 1,000 employees including dozens of doctors, ModMed powers a medical specialty-specific cloud platform. Under Cane, who previously founded Blackboard, ModMed created an all-in-one solution for medical practices such as for allergy, dermatology, gastroenterology, OBGYN, ophthalmology and other specialties provides clinical, financial and operational software solutions as well as ambulatory surgery centers. The company has raised $386 million in venture capital and private equity over the years, according to Crunchbase.

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Nancy Dahlberg