In this day and age, who wants those stockpiles of paperwork that are hard to organize, and not to mention, wasteful? Businesses, which have massive amounts of paperwork, resort to going electronic to get rid of the hassle. Similarly, doctors, who record paper records and patients’ medical data on a daily basis will surely want to eliminate the trouble as well. Who doesn’t?  In fact, going electronic is part of the longterm healthcare reform goals. Despite the push of this reform, less than half of the doctors had shifted to electronic system by the end of 2009, said the U.S. Center for Disease Control.

It is with this thrust that Practice Fusion, a startup company that aids doctors in their transition to an electronic system, is getting a funding of $23 million, a total of $30 million since inception, to push their goal. The round was led by Founder’s Fund, with Artis Capital Management and Glynn Capital Management, as well as recurring investors Morgenthaler Ventures and Felicis Ventures. This is by far the latest deal involving Peter Thiel, founder of Founder’s Fund and is widely known as Facebook’s first outside investor. Founder’s Fund also invested in Mint, Yammer, Spotify, SpaceX and Palantir Tecchnologies.

Practice Fusion’s electronic medical record system is free, while others cost about $50,000. The company is getting its revenue from analytics on healthcare data stores. Doctors can then start to do their medical routines, normally done on paper, electronically, such as chart patients’ visits, schedule appointments, prescriptions etc. Practice Fusion currently has 75,000 healthcare professional, storing 9.5 million patients’ data on its network every day. It has growth rate of 350 doctors on a daily basis.

Initiatives around healthcare have been gaining traction as part of the healthcare reform. Aside from Practice Fusion, Cisco invites the media and the participants of the 2011 World Health Care Congress to take part in the “Ministerial Forum on Global Health Innovation: A Perspective on National Health Opportunities” on April 6. Also, Apixio is providing funds to Stanford University in order to develop data driven methods to interpret big data on healthcare, while GE HealthCare and AirStrip Technologies are providing a mobile application that will allow clinicians to view ECG Data on iPads and iPhones.