StrataPT, a Sarasota, FL-based billing-aware practice management platform for outpatient therapy clinics, has raised $25 million in funding.
Investors
The round was led by Council Capital, a Nashville-based private equity firm focused on healthcare investments in the lower middle market. Council Capital employs its unique Council Model, leveraging the expertise of its CEO Council and Strategic Healthcare Investors to drive growth in portfolio companies. The firm targets control and minority investments in healthcare-related businesses with enterprise values typically between $10 million and $50 million.
Council Capital Partner Kevin Fahey, along with healthcare IT industry veteran Gregory Anderson, is joining the StrataPT Board of Directors.
About StrataPT
StrataPT provides a billing-aware practice management platform tailored specifically for outpatient therapy clinics, such as physical, occupational, and speech therapy practices. Developed by experts in Electronic Medical Records (EMR) and Revenue Cycle Management (RCM), it integrates therapy documentation and billing into a seamless, full-service solution. By accelerating the billing process with a reliable SaaS-based solution, StrataPT helps practices realize a nearly 100% reimbursement rate so practitioners can improve cash flow and focus on patient care.
Funding Details
Company: StrataPT LLC
Raised: $25.0M
Round: Unknown
Funding Date: October 2024
Lead Investor: Council Capital
Additional Investors:
Company Website: https://www.stratapt.com/
Software Category: Billing and EMR Solution
Source: https://www.prweb.com/releases/stratapt-secures-25mm-to-help-outpatient-therapy-practices-improve-clinical-efficiency-and-realize-highest-reimbursement-rates-302263740.html