Tuesday, March 4, 2014

Clinicient Gets $15M

Portland-based Clinicient, a provider of outsourced billing and revenue cycle management for the outpatient, physical therapy and rehabilitation business, has raised $15M in a Series C funding, the company said today. The funding came from Catalyst Investors. As part of the funding, it said it has named Rick Jung as Chairman and CEO, with Catalyt's Todd Clapp and Ryan McNally joining the company's board. Jung was previously at US Healthcare, Medsphere, and athenahealth, in addition to serving on Clinicient's board. Clinicient was advised by Cascadia Capital in the deal. More information »