Credible Behavioral Health, Inc.

Credible Behavioral Health, Inc. specializes in providing electronic health record solutions tailored for behavioral health and human service agencies, focusing on optimizing operational efficiency and clinical outcomes for its clients. Credible Behavioral Health, Inc. is focused on delivering electronic health record solutions for the behavioral health sector.

Founded in Rockville, US in 2000, Credible was merged with Qualifacts Systems, Inc. in August 2020, a strategic move aimed at enhancing product offerings. The company has undergone a merger and is backed by Martis Capital and Warburg Pincus. The latest funding round was a GROWTH round where Credible successfully raised USD 30.

00 mn from Goldman Sachs Merchant Banking Division, bringing the total amount raised to USD 30. 00 mn. Credible has participated in 3 deals since its inception. Credible offers the Credible EHR platform, a comprehensive electronic health record solution specifically designed for behavioral health and human service organizations.

This platform aids in efficiently managing clinical, compliance, and billing processes, which enhances operational workflows and client care. Key features include customizable workflows, mobile access, integrated billing solutions, and comprehensive reporting tools. The platform caters mainly to Certified Community Behavioral Health Clinics (CCBHCs) and various multi-location service providers across the US, while also being adaptable for organizations aiming to expand into new markets. Credible generates revenue through subscription-based contracts for its EHR platform, with clients entering annual license agreements that include software access, updates, and support services.

The pricing model is tailored to meet the needs of diverse organizations, allowing customization based on size and complexity. In addition to subscription fees, Credible provides ancillary services such as training and consulting, which enhances client engagement and fosters long-term relationships. The company's revenue model operates primarily on a B2B basis, serving behavioral health organizations directly in their acquisition of EHR solutions. Looking ahead, Credible Behavioral Health, Inc.

aims to expand its service offerings and market reach following its merger with Qualifacts. The company is set to leverage its recent GROWTH funding of USD 30. 00 mn to develop new product features and enhance existing functionalities on the Credible EHR platform. Expansion plans are in place to target new geographic regions, with focus areas including states that are currently enhancing behavioral health services.

The company intends to roll out these initiatives within the next two years, leveraging the combined strength of its merger to better serve a growing customer base.