Billing software company StrataPT raises $25M

StrataPT, a physician practice management software provider, raised $25 million its first outside equity from Council Capital, CEO Paul Singh tells Axios exclusively. Why it matters: The complexity of patient billing and coding can lead to mistakes that delay reimbursement and impact revenue. How it works: StrataPT is a software-as-a-service (SaaS) provider that combines electronic medical records, revenue cycle management, billing and collections help into one platform, • The Osprey, Fla.-based company caters to physical, occupational and speech therapy practices. • Singh says StrataPT is profitable, but hed declined to...