Cooper Thomas Funding: How Much Did They Raise & Key Investors

How Much Did Cooper Thomas Raise?
Funding & Key Investors

Cooper Thomas has secured significant enterprise-level funding, with a recent major strategic investment contributing to its total capital of $899K. The company's latest financing round, which occurred on February 6, 2021, brought in $549K, underscoring a period of substantial financial backing for its operations in the federal health IT sector.

The company specializes in coordinating complex transitions for federal health agencies, most notably the shift from ICD-9 to ICD-10 coding systems. This involves extensive guidance, information dissemination, and training for a wide array of stakeholders across numerous field sites. Cooper Thomas has demonstrated a capacity for managing large-scale projects, facilitating expert sessions to document requirements for critical application, data store, and business process modifications. Their work includes developing integrated master schedules, comprehensive communication plans, resource needs assessments, and tailored training frameworks for diverse user groups. The company's ongoing responsibilities include managing the master schedule, conducting awareness sessions, briefing executive leadership, and monitoring impact metrics.

What is Cooper Thomas?

Cooper Thomas

Business Services

Project Management

Cooper Thomas operates within the specialized niche of federal health information technology, focusing on critical system transitions and compliance initiatives. Their core expertise lies in managing the intricate process of migrating from legacy coding systems like ICD-9 to more advanced standards such as ICD-10. This involves a multi-faceted approach encompassing strategic planning, stakeholder engagement, requirement documentation, and comprehensive training program development. The company's success is built on its ability to navigate complex organizational structures and coordinate efforts across hundreds of field locations for large federal health agencies. By creating integrated master schedules and robust communication strategies, Cooper Thomas ensures that these large-scale, often challenging, implementations proceed with minimal disruption and maximum efficiency. Their services are crucial for government health entities striving to modernize their data management and reporting capabilities.

How much funding has Cooper Thomas raised?

Cooper Thomas has raised a total of $899K across 2 funding rounds:

2020

Debt

$350K

2021

Debt

$549K

Debt (2020): $350K with participation from PPP

Debt (2021): $549K led by PPP

Key Investors in Cooper Thomas

PPP

Public-Private Partnership

PPP

Public-Private Partnership

Undisclosed Investors

What's next for Cooper Thomas?

The recent major strategic investment and overall enterprise-level funding position Cooper Thomas for significant expansion and enhanced service delivery within the federal health IT landscape. This capital infusion is likely to fuel the scaling of their operations, enabling them to take on larger contracts and potentially broaden their service offerings beyond ICD-10 implementation to other critical health IT modernization projects. The company's proven track record in managing complex, high-stakes transitions for government agencies suggests a strategic focus on solidifying its role as a key partner for federal health organizations undergoing digital transformation. Future growth may involve leveraging their expertise in data management, compliance, and training to address emerging challenges in healthcare IT, further cementing their authority in this specialized market.

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