StrataPT

About StrataPT

StrataPT operates as a specialized financial technology and software-as-a-service (SaaS) provider for the outpatient therapy sector. Founded in 2010 by Kim Peacock, the company's inception was a direct result of her firsthand experience with the administrative and billing complexities of running outpatient clinics. Initially established as a Revenue Cycle Management (RCM) service, StrataPT evolved its business model after observing the inefficiencies clients faced using disparate systems for scheduling, documentation, and billing. In 2012, the company began developing its proprietary Electronic Medical Record (EMR) software, engineered from the ground up to be what it terms "billing aware," with the primary goal of ensuring clean claim submissions.

The company's core offering is an all-in-one, cloud-based platform that integrates EMR functionalities with comprehensive RCM services. This single-system approach is designed to serve physical, occupational, and speech therapy practices of all sizes, from startups to larger enterprises. Revenue is generated through its service model, which aims to maximize client collections. By handling the entire billing process—from claim submission within 24 hours of documentation to managing denials and processing payments—StrataPT enables clinic owners to focus on patient care and business growth rather than complex administrative tasks. The platform addresses the critical issue of reimbursement, where clinics often receive only 70-80% of what they are owed, by helping its clients achieve reimbursement rates approaching 100%.

The service portfolio includes billing and collections, payment processing, accounts receivable management, and patient invoicing. Key features of the platform consist of a fully integrated EMR and billing system, customizable documentation templates, and detailed reporting tools that provide insights into referrals, productivity, and collections by payer. A significant milestone in the company's trajectory was securing over $25 million in financing in October 2024, led by healthcare-focused private equity firm Council Capital, to fuel its growth and expand its market reach. The leadership team includes founder Kim Peacock as COO, Paul Singh as CEO, Adam Peacock as CRO, and Bret Self as CTO.