What is Optometric Billing Solutions?
Optometric Billing Solutions was founded by Brooke Armstrong and Branda Barton, sisters with extensive experience managing large optometric clinics. Recognizing the pervasive financial difficulties faced by practitioners, they established the company with a mission to empower doctors with greater control over their practice's finances. Serving clinics in over 35 states, Optometric Billing Solutions caters to a diverse clientele, ranging from small, single-doctor practices to larger, multi-location clinics with up to seven doctors. The company prides itself on its team of trained, in-house billers, many of whom hold medical coding and billing certifications, ensuring high-quality service and financial oversight for their clients.
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 substantial enterprise-level funding and the recent major strategic investment signal a pivotal moment for Optometric Billing Solutions. This capital is likely to be deployed towards scaling operations, enhancing technological infrastructure, and potentially expanding its market reach into new geographical areas or service verticals within healthcare administration. The company's focus on providing essential financial management tools for optometric practices positions it for continued growth and consolidation within its niche. Future developments may include further integration of advanced billing software, expanded consulting services, and strategic partnerships to solidify its leadership in the optometry revenue cycle management space.
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