Practice Better Secures $13 Million for Growth and Innovation

Practice Better Secures Growth Capital for Expansion

CIBC Innovation Banking has recently made a significant investment of US$13 million in Practice Better, a top-tier all-in-one practice management software platform tailored for health and wellness professionals. This funding is aimed at facilitating Practice Better's expansion into new markets and enhancing their innovative product offerings.

Streamlining Healthcare Management

Practice Better provides an extensive suite of features that comprises scheduling, telehealth, client engagement, and billing functions. These tools are designed to help practitioners minimize time spent on administrative tasks, allowing them to concentrate more on delivering outstanding care to clients. With the newfound capital, Practice Better intends to infuse cutting-edge AI-driven enhancements into their platform, boost product development efforts, and amplify sales & marketing strategies, all in response to the growing demand for digital healthcare solutions.

Leadership Perspectives on Growth

Josh Olawale, the Director at CIBC Innovation Banking, shared insights on the deal, stating, "Practice Better’s innovative platform is empowering a multitude of healthcare practitioners to operate more efficiently. This investment will enable them to dedicate more time to their clients and extend their reach effectively in the health tech sector." The excitement surrounding this partnership is evident as it opens up a world of possibilities for Practice Better to revolutionize how health professionals manage their practices.

Commitment to Practitioners

Nathalie Garcia, the Co-Founder of Practice Better, expressed enthusiasm about the future. She explained, "From our inception, we have been committed to providing health and wellness practitioners with the necessary tools for achieving long-term success. This collaboration with CIBC Innovation Banking is a pivotal moment for us in realizing that commitment. We look forward to solving real challenges faced by our practitioners while enabling them to maintain higher efficiencies and successful operations in their practices."

The Growing Shift to Digital Solutions

The timing of this investment is critical, as healthcare professionals are increasingly adopting technologies that enhance operational workflows and boost patient engagement. In an era where digital solutions are becoming a necessity, Practice Better is strategically positioned to lead the transformation of health and wellness practice management.

About CIBC Innovation Banking

CIBC Innovation Banking offers strategic insights, cash management, and funding for innovative companies throughout North America, the UK, and select parts of Europe. Their expertise covers every phase of a business's lifecycle, from startups to maturity and beyond. With a presence in several major cities, CIBC's team members commit their collaborative approach across commercial banking, wealth management, and capital markets operations.

About Practice Better

Practice Better stands as a premier all-in-one practice management platform with a mission to support health and wellness professionals in enhancing their clients’ lives. Currently, it caters to a vast network of tens of thousands of practitioners across more than 70 countries, collectively serving over a million clients. Initially oriented towards nutrition-focused practitioners, the platform has evolved to include a variety of health-centric professionals, from naturopathic doctors to mental health therapists. Practice Better's tools empower practitioners to simplify administrative processes and enable client engagement, facilitating the expansion of their practices far beyond traditional one-on-one consultations.

Frequently Asked Questions

1. What is the purpose of Practice Better's recent funding?

The funding will enhance their platform's features, support market expansion, and accelerate product innovation for health professionals.

2. How does Practice Better support health professionals?

Practice Better offers tools for scheduling, telehealth, billing, and client engagement, allowing practitioners to focus on client care.

3. Who provided the funding to Practice Better?

CIBC Innovation Banking provided the growth capital to facilitate Practice Better's expansion and product development.

4. In how many countries does Practice Better operate?

Practice Better serves practitioners in over 70 countries worldwide, reaching more than a million clients.

5. What types of professionals use Practice Better's platform?

The platform is used by a diverse range of health practitioners, including nutritionists, naturopathic doctors, chiropractors, and mental health therapists.

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