Clinicient Secures $7M in Debt Facilities from Silicon Valley Bank

ClinicientClinicient Inc., a Portland, Oregon-based provider of outpatient rehabilitation business solutions, secured $7m in total debt facilities from Silicon Valley Bank.

The funds will be used for capital expenditures.

Founded in 2004 and led by Rick Jung, chairman and CEO, Clinicient provides outpatient rehabilitation therapy businesses with a combination of cloud-based EMR, practice management and revenue cycle management solutions that optimize the entire care cycle from patient to payment. The company supports thousands of therapists in 45 states across the United States and facilitates the collection of nearly $1 billion in payments annually.

In March 2014, Clinicient raised $15m in Series C funding (read here).







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