What is Optometric Billing Solutions?
Optometric Billing Solutions is a specialized provider of financial management and billing services tailored for optometric practices. Founded by sisters Brooke Armstrong and Branda Barton, who possess extensive experience managing large clinics and understanding the financial intricacies of optometry, the company aims to empower doctors to regain control over their practice finances. Serving clinics across 35 states, Optometric Billing Solutions caters to a diverse clientele, ranging from solo practitioners to multi-location, seven-doctor practices. The company's team comprises trained, experienced billers, many of whom hold medical coding and billing certifications, ensuring high-quality service delivery.
How much funding has Optometric Billing Solutions raised?
Optometric Billing Solutions has raised a total of $1.1M across 2 funding rounds:
Debt
$350K
Debt
$762K
Debt (2020): $350K with participation from PPP
Debt (2021): $762K led by PPP
What's next for Optometric Billing Solutions?
The recent major strategic investment signals a pivotal growth phase for Optometric Billing Solutions. This capital infusion is expected to fuel further expansion, potentially through enhanced service offerings, broader market penetration, or technological advancements in their billing solutions. The company's focus on addressing the persistent financial challenges faced by optometric practices positions it for continued success and leadership in its niche market. The strategic backing will likely enable Optometric Billing Solutions to scale its operations and solidify its mission of providing robust financial control to eye care professionals.
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