The startup provides physician-led management services that streamline daily business operations for healthcare practices, allowing physicians to concentrate on patient care. By enhancing clinical quality and customer service, the company improves operational efficiency and patient satisfaction in the healthcare sector.
Funding
$150M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Independent eyecare practices often struggle with the complexities of day-to-day business operations, including regulatory compliance, revenue cycle management, and the increasing need for capital investment in technology and facilities. This can divert their focus from patient care and limit their ability to expand and improve services.
Solution
Panorama Eyecare is a physician-led management services organization that partners with eyecare practices to streamline business operations and allow doctors to concentrate on patient care. The company provides comprehensive support in areas such as information technology, human resources, finance, revenue cycle management, credentialing, marketing, and regulatory compliance. By handling these administrative burdens, Panorama Eyecare enables its partner clinics to improve operational efficiency, enhance patient experience, and expand access to state-of-the-art eye care. The organization also facilitates capital investments in equipment and facilities, ensuring that partner practices can offer the latest technologies and services.
Target Audience
The primary target audience includes independent ophthalmology and optometry practices seeking to improve operational efficiency, reduce administrative burdens, and enhance patient care through a management services partnership.
Features
- Management of IT systems, including database management, technical support, and equipment maintenance
- Comprehensive human resources services, including recruitment, training, benefits administration, and HR compliance
- Financial management, including accounts receivable, accounts payable, and financial reporting
- Revenue cycle management and consultative billing services
- Provider credentialing, insurance negotiations, and maintenance of provider affiliations
- Capital investments for equipment purchases, clinical spaces, and facility expansion
- Marketing and advertising strategy, brand management, and website creation
- Compliance support for HIPAA, OSHA, MIPS/MACRA, and other regulatory requirements
- Business administration and management, including operations support and leadership
- Access to the Ethico Helpline, a confidential reporting system for compliance concerns