Lightning MD
Electronic Health Record and Revenue Cycle Management.
| Date | Investors | Amount | Round |
|---|---|---|---|
| investor | €0.0 | round | |
| N/A | €0.0 | round | |
| N/A | €0.0 | round | |
* | N/A | Acquisition | |
| Total Funding | 000k | ||
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Lightning MD provides a cloud-based medical billing and practice management platform tailored for independent medical practices. The company was established in 2017 by registered nurses Kelly Schoenfeld, who served as CEO, and Brian Esser. Their direct experience as medical professionals informed the company's mission: to simplify the billing process and develop a tool they felt was missing in the market.
The firm primarily serves independent healthcare providers and medical billers, offering a solution to streamline revenue cycle management. Its business model is SaaS-based, with subscriptions starting at $49 per provider per month. The platform aims to reduce administrative burdens through a user-centric interface that includes features like drag-and-drop customizable superbills, which set it apart from more rigid, template-based systems. Key functionalities include claims management, appointment scheduling, patient portals, e-prescribing, and telehealth capabilities.
In February 2023, Lightning MD was strategically acquired by Elation Health, a technology company focused on primary care. This acquisition integrated Lightning MD's billing and claims management technology into Elation's clinical-first Electronic Health Record (EHR) platform. The goal of the merger was to create an all-in-one solution combining clinical and financial tools, allowing for seamless data flow from patient visit notation to claims creation. Following the acquisition, Lightning MD's technology began to be integrated into the Elation Health platform, with plans to rebrand the interface under the Elation name.
Keywords: medical billing software, practice management, revenue cycle management, healthcare SaaS, independent medical practices, claims management, EHR integration, telehealth platform, superbill customization, patient scheduling, healthcare financial software, Elation Health, Kelly Schoenfeld, Brian Esser, cloud-based billing, medical claims, healthcare administration, physician billing, patient portal, e-prescribing