Lightning Step Technologies, LLC
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Lightning Step Technologies, LLC - overview
Established
2015
Location
Houston, TX, US
Primary Industry
Software
About
Lightning Step Technologies provides innovative solutions to enhance behavioral healthcare delivery through an integrated platform that includes EHR, RCM, and CRM systems tailored for professionals in this sector. Founded in 2015 and headquartered in Houston, US, Lightning Step Technologies specializes in behavioral health technology solutions. The company was established by George Joseph and is currently led by CEO Brent Michael and Kirk Monroe. In November 2022, the firm secured investment from Gallant Capital Partners to support its growth initiatives, following a total of 1 deal since inception.
Lightning Step provides an integrated platform designed to enhance the efficiency and effectiveness of behavioral healthcare delivery. Their primary offerings include a comprehensive Electronic Health Record (EHR) system, Revenue Cycle Management (RCM) tools, and Customer Relationship Management (CRM) solutions, all tailored to support the needs of behavioral health professionals. The platform is equipped with AI-powered features, such as the Lightning Intelligent Assistant (LIA), which automates documentation processes and streamlines clinical workflows. By facilitating real-time access to patient data, the system empowers clinicians to deliver personalized treatment plans and improve patient outcomes.
Lightning Step’s clientele spans from private practices to large-scale treatment centers across the United States, including prominent organizations like Woodlake Recovery Center and Newport Healthcare. Lightning Step operates on a subscription-based revenue model, offering various pricing tiers based on the specific services utilized by clients. The company’s flagship products, which include their EHR, RCM, and CRM solutions, are typically sold as part of an all-in-one package designed to optimize the operational aspects of behavioral health practices. Clients are charged for access to these services, which include features like real-time analytics, telehealth capabilities, and streamlined billing processes.
Transactions occur primarily through business-to-business engagements, where healthcare organizations subscribe to Lightning Step’s platform to enhance their service delivery capabilities. This transactional structure is supported by the ongoing partnerships and integrations that Lightning Step maintains with other healthcare providers and technology solutions, ensuring that their offerings remain relevant and effective in addressing the complexities of behavioral health management. In November 2022, Lightning Step Technologies received an investment from Gallant Capital Partners, aimed at expanding its team, accelerating its product roadmap, and pursuing strategic acquisitions. The company plans to develop new features and enhancements for its platform.
Additionally, it is seeking to enter new markets, with an emphasis on broadening its reach across various regions in the US by the end of 2024.
Current Investors
Gallant Capital
Primary Industry
Software
Sub Industries
Analytics & Performance Software, Medical Software, Systems Management Software
Website
www.lightningstep.com
Verticals
HealthTech
Company Stage
Mature - Growth Capital
Total Amount Raised
Subscriber access only
Lightning Step Technologies, LLC - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Growth | Completed | Lightning Step Technologies, LLC | - |
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