Clinicient

Clinicient - Case Study

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Overview

  • Based in Portland, Oregon, Clinicient is a provider of integrated revenue cycle management software and services for outpatient rehabilitation clinics.
  • Clinicient provides rehab clinics with the software and services to effectively manage their practices and increase the efficiency of the claims reimbursement process.

Situation

  • With over 50% year-over-year growth, Clinicient had a significant opportunity to become the leading software and services provider to healthcare rehab clinics because it had a compelling business model, strong barriers to entry and limited competitors (only one other dedicated competitor in the market).
  • Clinicient is the only solution that provides a fully integrated end-to-end platform.
  • Capital raised was used to complete technology investments in the platform and invest in the sales and marketing functions.

Cascadia Process

  • Cascadia was brought on as the exclusive financial advisor to the company and ran a targeted marketing effort focused on investors that understood the dynamics of a vertical specific SaaS and tech-enabled services platform within the healthcare sector.
  • The process attracted significant investor interest, resulting in multiple term sheets, thereby allowing Clinicient to choose the investor that was the best fit from a strategic, management and future growth perspective.

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