What is Precision Practice Management?
Precision Practice Management, Inc., founded in 1993 and based in Creve Coeur, Missouri, is a technology solutions provider for medical practices. The company specializes in developing and implementing software designed to streamline practice operations and enhance patient care. Its product suite includes electronic health records (EHR) systems like Encite Clinical Manager and Encite Lite, a comprehensive billing management software (Encite Billing Manager) that integrates scheduling, billing, and EHR functionalities, and various medical manager software systems. Beyond software, Precision Practice Management offers crucial support services such as training, custom programming, medical billing services (including accounts receivable and denial management), and IT infrastructure solutions, encompassing hardware, network, and mobile computing support. The company also provides website design and hosting, catering to employed physicians, rural health facilities, and emergency/urgent care centers.
How much funding has Precision Practice Management raised?
Precision Practice Management has raised a total of $1M across 1 funding round:
Debt
$1M
Debt (2020): $1M with participation from PPP
Key Investors in Precision Practice Management
PPP
Public-Private Partnership
What's next for Precision Practice Management?
The recent major strategic investment signifies a pivotal moment for Precision Practice Management, likely enabling expansion into new markets, further development of its integrated software solutions, or strategic acquisitions. Given the enterprise-level funding context, the company is poised for significant scaling and operational enhancement. Future initiatives may focus on leveraging AI and advanced analytics within its EHR and billing platforms to offer more predictive insights to healthcare providers, thereby solidifying its competitive advantage in the health tech sector.
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