# Clinicient

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/clinicient

- Industry: Software
- Headquarters: Portland, US
- Website: www.clinicient.com
- Total disclosed funding: $20M
- Latest round: Series C (Mar 4, 2014)
- Investors on record: 3

## About

Clinicient, Inc. is a technology firm dedicated to providing advanced software solutions for outpatient therapy practices, enhancing operational efficiency and compliance in clinical documentation for therapy organizations.Founded in 1998 in Portland, US, Clinicient, Inc. specializes in software solutions tailored for physical therapy, occupational therapy, and speech-language pathology practices. The company has undergone significant development within its business strategy, adapting its offerings to align with evolving Medicare billing compliance requirements. Clinicient has engaged in a total of 11 deals, with its most recent funding round being a Venture Debt funding of USD 5.00 mn, contributing to a total amount raised of USD 15.00 mn. Clinicient was acquired by WebPT, Inc. on January 18, 2022, enhancing its operational scale. The company was co-founded by Aditya Rajagopal, Alex Dickinson, and Jerry Henderson, while the current CEO is Greg Gosch.Clinicient primarily offers the Clinicient Insight Platform, a comprehensive outpatient therapy software that functions as an Electronic Medical Record (EMR) system. This system is tailored for physical therapy, occupational therapy, and speech-language pathology practices, addressing the compliance requirements of Medicare billing. The platform integrates clinical documentation with charge capture, automating compliance processes and streamlining clinical workflows. Clinicient serves a diverse client base across urban and suburban areas in the US, including multi-disciplinary therapy organizations and outpatient clinics, all aimed at optimizing practice management.Clinicient generates revenue primarily through a subscription-based model for its Clinicient Insight Platform. Clients subscribe to access the EMR, billing software, and patient engagement tools, which are designed to enhance therapy practice efficiency. Pricing is based on clients' specific needs, considering the size of their practice and the functionality utilized. The company’s revenue is driven by these flagship offerings, enabling clients to improve documentation processes and streamline revenue cycle management efficiently.Following its acquisition by WebPT, Inc., Clinicient plans to leverage additional resources to foster innovation and optimize patient outcomes. The integration aims to enhance the efficiency of therapy practices by improving access to actionable data and insights. Clinicient is focused on expanding its offerings and exploring new market opportunities that will enhance its service delivery. The strategic direction following the acquisition will likely include deploying resources secured from the USD 5.00 mn Venture Debt funding to support these growth initiatives, ensuring a comprehensive suite of solutions is available to clients.

## Funding rounds

- Series C, Mar 4, 2014, $15M — Catalyst
- Series B, Nov 2, 2007, $5M — Highway 12 Ventures, Village Ventures

## Investors

- Highway 12 Ventures (https://capitalatlas.ai/funds/highway-12-ventures) — Series B
- Village Ventures (https://capitalatlas.ai/funds/village-ventures) — Series B
- Catalyst (https://capitalatlas.ai/funds/catalyst) — Series C