StrataPT, a billing follow administration software program supplier, has secured $25 million in financing in a spherical led by Council Capital.
In a press release, the corporate mentioned that the funding comes at a time when it’s seeing rising demand for its SaaS-based platform that integrates digital medical data (EMR), income cycle administration (RCM), billing and collections into one answer.
Council Capital associate Kevin Fahey and healthcare IT trade veteran Gregory Anderson have been appointed to the StrataPT board of administrators.Β
WHAT IT DOES
The StrataPT billing-aware follow administration platform for outpatient remedy clinics acts as a billing associate for bodily, occupational and speech remedy practices by unifying remedy documentation and billing right into a single full-service platform.
The funds will likely be used to assist develop EMR and RCM enterprise for outpatient remedy clinics.Β
“We’re on the precipice of actual change because it pertains to accountability and consciousness in healthcare billing,” Paul Singh, CEO of StrataPT, mentioned in a press release.Β
“Our purpose is to crack open the complexities of reimbursement and streamline scientific processes with a platform that gives true transparency for the primary time ever. We worth our partnerships with the bodily, occupational, and speech therapists we serve, and the belief they’ve in us permits quick advantages and long-term influence. Council is an knowledgeable in healthcare innovation, and their help helps us prolong our attain and capabilities so we might help much more clinics.”
MARKET SNAPSHOT
Different firms providing RCM and EMR providers embody NextGen Healthcare, which introduced on Oct. 1, that its AI-driven ambient listening answer NextGen Ambient, is accessible to ophthalmologists and optometrists.Β
NextGen Ambient Help transcribes patient-provider conversations in actual time in addition to leverages AI to sum up affected person encounters inside 60 seconds of a affected person go to.Β
In July, multispecialty medical group PrimeHealthcare selected Athenahealth’s EHR, RCM and affected person engagement answer, switching from their earlier vendor, to the following technology of the groupβs evolution.
