SOURCE: PocketMed

July 11, 2007 09:05 ET

PocketMed, LLC Completes Second Angel Funding Round and Implements Corporate Expansion

CHARLOTTESVILLE, VA--(Marketwire - July 11, 2007) - PocketMed® is pleased to announce that it has successfully completed its second round of angel funding. PocketMed® provides mobile charge capture software for healthcare practitioners with its flagship product PocketBilling©, in large hospital institutions, nursing homes, specialty clinics, and small practices. PocketBilling© enables physicians to capture charges at the point of care, accurately and easily, thereby shortening billing cycles and increasing revenues. As a leading provider of mobile charge capture solutions for health care providers, PocketMed®'s users number over 7,000 individuals in the United States and around the world.

"This funding allows us to add the personnel we need to handle our rapid growth and growing market share in the mobile charge capture industry," said Company founder and CEO, Scott Strayer. He continued, stating that, "In connection with this round of funding, we are pleased to announce the addition of several individuals to the corporate team at PocketMed®."

Simon Costa has become the Company's COO. Andrea Sarate, of ALSM, LLC, has joined PocketMed® as its Director of Sales and Marketing. And Amit Phull, who already serves on the Company's advisory board, will become Chief Technology Officer, directing the expansion and development of PocketBilling©.

The average physician loses over $100,000 annually due to lost or incorrect coding of charges. PocketMed® was one of the first companies to recognize this healthcare IT gap, and to address it with its patent-pending software.

Contact Information

  • Contact:
    Andrea L. Sarate
    Director of Sales and Marketing
    PocketMed, LLC
    204 Ridge St., Suite 203
    Charlottesville, VA 22901
    Email Contact
    (434) 981-4339