Clinicient recognized for “Innovation in Medical Software” and “Most Successful Series C Funding”
Portland, Ore., March 17, 2015—
Clinicient Inc., a leader in outpatient rehabilitation business solutions, today announced that the Company is being independently recognized by Acquisition International Magazine with two awards: “Innovation in Medical Software for the Clinicient Series C Funding round led by Catalyst Investors Transaction” and “Most Successful Series C Funding – USA for the Clinicient Series C Funding round led by Catalyst Investors Transaction”. For award consideration, Acquisition International takes a comprehensive analysis of the industry and holds a rigorous voting process with industry partners to uncover, without bias, industry excellence. With nearly $1 billion in payments under management, Clinicient is the only revenue cycle software and clinical solutions company exclusively focused on the outpatient rehabilitation therapy marketplace.
In March 2014, growth equity firm Catalyst Investors awarded Clinicient $15 million in Series C funding. Clinicient then recruited top executive talent, including Rick Jung as CEO and chairman, and celebrated the opening of its 27,000 square foot state-of-the-art headquarters in downtown Portland. Soon after, Clinicient announced the general availability of TotalInsight, a market-disrupting solution that combines integrated billing and clinical EMR software with revenue cycle management services to increase practice revenue, decrease operating expenses and minimize the time to collect payments.
“We are honored to be recognized with Top 2014 Transactions awards from Acquisition International,” said Rick Jung, CEO of Clinicient. “Through our employees’ hard work, our customers’ loyalty, and our successful partnership with Catalyst Investors, Clinicient grew tremendously in 2014. This year, we will continue our growth trajectory in order to meet the revenue cycle needs in the outpatient rehabilitation therapy market.”
Analysts forecast the health IT market value will swell to $56.7 billion by 2017 due to the rising demand for healthcare specific data technology and business solutions.[i] This need is deeply felt by outpatient therapy practices facing increasingly complex payer regulations and low reimbursement rates. Clinicient uses data-driven coaching and highly tailored, cloud-based revenue cycle technology to help therapists earn more revenue, work more efficiently, shorten payment cycles and develop stronger relationships with their patients.
Clinicient helps outpatient rehabilitation therapy businesses manage change with a combination of cloud-based EMR, practice management and revenue cycle management solutions that optimize the entire care cycle from patient to payment. With nearly $1 billion in payments under management, Clinicient’s solution maximizes payment while enabling therapists to deliver superior clinical outcomes that enhance the value of therapy to patient population health management. Clinicient is headquartered in Portland, Oregon. For more information call (877) 312-6494 or visit http://www.clinicient.com or follow Clinicient on Twitter @Clinicient.
[i] Healthcare IT Market By Application [Provider IT (EMR, PACS, CPOE, RIS, CDSS, RCM, Claims Management, Payroll), Payer IT (CRM, Fraud Detection)], Delivery Mode (On-Premises, Web-Based Services & Cloud Computing) & Component – Global Forecasts to 2017. (2013, May 1). . Retrieved July 31, 2014, from http://www.researchandmarkets.com/reports/2542256/healthcare_it_market_by_application_%5Bprovider_it#pos-1