StrataPT, a Sarasota, FL-based billing-aware practice management platform for outpatient therapy clinics, secured $25M in financing.
The round was led by Council Capital. Council Capital Partner Kevin Fahey, along with Healthcare IT industry veteran Gregory Anderson, are joining the StrataPT Board of Directors.
The company intends to use the funds to expand operations and its business reach.
Led by Paul Singh, CEO, and Kim Peacock, founder, StrataPT provides a SaaS-based platform that combines Electronic Medical Records (EMR), Revenue Cycle Management (RCM), billing, and collections into a single solution that helps practitioners improve cash flow and focus on patient care. By accelerating the billing process with a SaaS-based solution, StrataPT helps practices realize a nearly 100% reimbursement rate so practitioners can improve cash flow and focus on patient care while eliminating stress so they can get back to the joy of operating their business. As part of its commitment to transparency, the company publishes its aggregate data and delivers analysis on reimbursement rates and insights on how states and practices compare.
FinSMEs
24/09/2024