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MedAptus Lands $6M Financing

MedAptus, a Boston-based provider of billing software for medical practices and hospitals, reports it has raised $6 million in a financing. The financing, led by previous investor Boston Millennia Partners, is intend to expand MedAptus’s “Intelligent Charge Capture” software business. MedAptus says that one feature of its software is to enhance organizations’ investments in electronic medical records. The electronic records have become a hot topic since President Barack Obama allocated $19 billion for EMRs in his $787 billion federal stimulus package passed by Congress in February. (Here’s a recent interview I did on the topic with Athenahealth CEO Jonathan Bush.)

Ryan McBride is Xconomy's correspondent. You can reach him at rmcbride@xconomy.com, or follow him on Twitter at http://twitter.com/Ryan_McBride.

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Felix Chesterfield
7/14/09 10:10 am

Does this refer to companies like cearner or ECAOS ?

Links to This Post

Health software company gloStream closes on $7.5 million Series B round : MedCity News
5/27/09 1:56 pm

[...] gloStream is expanding to take advantage of the $20 billion health IT allocation in the American Recovery & Reinvestment Act, which will subsidize doctors as they move to an electronic records system. Soon after the stimulus package was signed in February, a German firm, CompuGROUP Holding AG, purchased a majority stake in Ohio’s Noteworthy Medical Systems to give it access to the U.S. market; New York City electronic tablet maker Phreesia raised $11.6 million; and Boston’s MedAptus, which makes medical billing software, raised $6 million. [...]