Silicon Valley Bank Bestows Clinicient $7 Million in Debt Facilities

Clinicient Inc., a leader in outpatient rehabilitation business solutions, today announced that it secured $7 million in total debt facilities from Silicon Valley Bank. As Clinicient proudly funds its own working capital with earned revenue, the Silicon Valley Bank's funding will be used exclusively for capital expenditures that enhance its integrated software and revenue cycle management services.   "Silicon Valley Bank's partnership comes at an exciting and pivotal time for innovation at Clinicient. Our team is poised to disrupt the status quo for outpatient rehabilitation providers who have been struggling to stay afloat in the reformed healthcare delivery market," said Rick Jung, chairman and CEO of Clinicient. "Clinicient's integrated software and revenue cycle management expertise places outpatient rehabilitation therapists and practice owners on track to increase revenue, decrease operating expenses and minimize time to collect payment." Today's Silicon Valley Bank funding announcement is the most recent endorsement by the financial community in the Company's future growth. In March 2014, growth equity firm Catalyst Investors awarded Clinicient $15 million in Series C funding. Soon after, Clinicient recruited