Portland medical software company raises $15M in funding

Portland medical software company raises $15M in funding

Led by a new chief executive, Clinicient bounces back from the Great Recession.

Founded in 1998, Clinicient provides management and billing software to physical therapists. The company expanded rapidly in the years before the recession and then stumbled badly, closing an office in Tennessee and reducing its headcount from 72 to 30.

Clinicient has been quietly rebuilding, expanding its work force to 78. Plymale said Tuesday’s funding enables the company to invest more in sales and marketing, in adding features to its software and educating clients about how to use it.

Revenue grew by more than 50 percent last year, Plymale said, and Clinicient forecasts growth of more than 70 percent this year.

Read more at OregonLive.com