LOS ANGELES, March 2, 2016 /PRNewswire/ -- Clinicient Inc., a leader in outpatient rehabilitation business solutions, is proud to announce that the Company has been selected to present at the annual Montgomery Summit, a highly selective business and technology conference taking place in Santa Monica, Calif. on March 8 and 9, 2016.
Clinicient CEO and Chairman Rick Jung will discuss the sweeping changes that are simultaneously creating both challenges and opportunities in the outpatient rehab industry. On the one hand, evolving market conditions have driven profits downward as much as 20 percent in the past five years, according to IBISworld. But on the other hand, forward-looking outpatient rehab practices are earning double-digit annual increases in revenue by anticipating, adjusting for, and exploiting these industry developments.
Some of the important factors facing the outpatient rehab industry include:
- Demographic and societal factors that are escalating chronic illnesses, such as heart disease, diabetes, arthritis, stroke, and painful musculoskeletal disorders;
- Payer pressure on physicians to steer patients suffering from chronic or acute pain to outpatient rehab, instead of prematurely prescribing opioids or recommending surgery;
- The mounting shift to value-based care, which requires higher levels of documentation on patient improvement, with reimbursements hanging in the balance.
In Jung's presentation to Montgomery Summit attendees, he will reveal how outpatient rehabilitation practices increased their average year-over-year revenue by 13.8 percent after partnering with Clinicient for its Total INSIGHT solution, despite the challenges listed above.
"The Montgomery Summit is one of the top conferences held annually in the U.S., and we're honored to be selected to participate in this year's esteemed line-up," said Mr. Jung. "This is an opportunity not only to discuss the importance of Clinicient's business process automation technology in the outpatient rehab space, but also to advocate for the immense value that the physical therapy industry represents to healthcare as a whole. By the end of my presentation, attendees will never look at physical therapy the same again."
"The caliber of companies nominated for this year's Summit was higher than ever and the selected presenters will provide excellent insight and expertise into their respective and rapidly evolving fields – from enterprise data to financial technologies to connected devices," said Jamie Montgomery, founder of The Montgomery Summit. "Our goal is to connect technology's best entrepreneurs with incredible investors, partners and advisers and to facilitate meetings that will lead to success for all parties."
This year, a global committee of senior investors from top venture capital and growth funds, prior Summit attendees, researchers, entrepreneurs and Summit partners and staff selected 140 companies to present from over 4,000 nominations. Nominations were evaluated by each company's sector, stage, growth and engagement metrics, as well as criteria including management, vision, and more.
In addition to presentations from top private growth company CEOs, the two-day event features industry leaders and top innovators in a series of keynotes, panels and salons. Speakers at this year's Summit include Beth Comstock, vice chair, GE; Rob High, CTO, IBM Watson; John Chambers, chairman, Cisco; and Gen. Stanley McChrystal, former U.S. Army General. Additionally, a Female Founders program that will highlight the rising role of female entrepreneurs and investors in the technology world is scheduled on March 7.
Founded in 2004, Clinicient helps outpatient rehabilitation therapy businesses optimize their clinical and financial operations from patient to payment, through a combination of cloud-based EMR, practice management, and revenue cycle management (RCM) solutions. By combining its process automation technologies with expert professional services, such as data-driven practice management coaching, Clinicient enables thousands of therapists across the United States to deliver more effective clinical outcomes, and maximizes their collection of nearly $1 billion in payments annually. Clinicient is headquartered in Portland, Oregon; for more information call (855) 900-9227 or visit http://www.clinicient.com or follow Clinicient on Twitter @Clinicient.
About The Montgomery Summit
The Montgomery Summit gathers an invited group of entrepreneurs, senior investors and leading executives to discover the most important innovations in business and technology. The event features two days of presentations, keynotes, panels and salons in Santa Monica, Calif. Previously known as The Montgomery Technology Conference, the Summit has for more than a decade provided unparalleled opportunities to meet a diverse blend of technological visionaries and innovators from all over the world. For more information, visit www.montgomerysummit.com.
SOURCE Clinicient Inc.