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IEDC Press Release: Healthcare Tech Firm Grows in Hamilton County


Today the Indiana Economic Development Corporation released a statement supporting Stratice Healthcare’s expansion in Indiana.

CARMEL, Ind. (Feb. 18, 2015) – Stratice Healthcare LLC, a developer of an electronic ordering platform for the healthcare industry, announced plans today to expand its operations here, creating up to 43 new jobs by 2017.

The Indiana-based company will invest up to $710,000 in tax credits to accommodate an expansion of the company’s e-prescribing platform, to reconfigure its 3,500 square feet of office space in the Carmel City Center, and add an additional 2,000 square feet planned by the end of the year. With its growth, the company plans to meet healthcare industry demand for its electronic ordering software service, which allows healthcare providers to electronically transmit patient orders to a nationwide network of suppliers.

“With life science exports second in the nation and a rising status as a regional technology hub, Indiana stands out as the perfect location for companies like Stratice,” said Eric Doden, president of the Indiana Economic Development Corporation. “Operating at the intersection of healthcare and technology, Stratice gains the advantage of doing business near strong and growing industries, each benefiting from a stable tax climate and the a skilled workforce all here in a state that works.”

Stratice, which currently employs 15 full-time Indiana employees, has already begun hiring for IT, sales, marketing and professional positions. Interested applicants may apply by emailing their resume to careers@stratice.com.

“The unique combination of a talented local workforce and a vibrant, collaborative business community, particularly in the health and life sciences sector, made for an easy decision as we continue to expand in central Indiana,” said John Brady, chief executive officer and co-founder of Stratice. “Through our cloud-based platform, Stratice is poised to help lead the next chapter in innovation and interoperability for healthcare systems by forever changing the way home and durable medical equipment and supplies are prescribed for the end-user, which ultimately drives better patient care and outcomes.”

Founded in 2010, Stratice developed and operates eDMEplus, a patent-pending electronic ordering platform that electronically connects healthcare providers with home and durable medical equipment suppliers, filling patient orders ranging from oxygen and diabetic supplies to canes, crutches, wheelchairs and hospital beds. The company’s software as a service platform integrates directly with a healthcare provider’s electronic health record system, following a process similar to e-prescribing for medications. This added connectivity streamlines the fulfillment and reimbursement process for a network of thousands of suppliers nationwide.

The Indiana Economic Development Corporation offered Stratice Healthcare, LLC up to $750,000 in conditional tax credits based on the company’s job creation plans. These tax credits are performance-based, meaning until Hoosiers are hired, the company is not eligible to claim incentives. The city of Carmel supports the project.

“I am very pleased with the expansion and added jobs at Stratice, one of our fairly new high-tech companies in Carmel,” said Carmel Mayor Jim Brainard. “Their focus on using technology to more efficiently process prescriptions for medical equipment and supplies for home-based health care–which will improve the quality of patient care, reduce errors and claim denials–is an indication that Carmel continues to be a city that fosters an entrepreneurial spirit from which we continue to see many success stories.”

Growing companies like Stratice continue to choose Indiana for their job creation plans. In December, Memory Ventures, a portfolio of direct-to-consumer e-commerce brands, joined Governor Mike Pence to announce its plans to relocate its headquarters from Los Angeles, California to Fishers, creating 134 new jobs over the next few years.

About Stratice Healthcare
Stratice Healthcare is a privately-held health information technology company that facilitates e-prescribing transactions between healthcare providers, payers, patients and home and durable medical equipment (HME/DME) suppliers. Through its proprietary, patent-pending software, eDMEplus™, the company helps improve the coordination of patient care by providing an efficient electronic solution eliminating the costly processes that burden healthcare providers, HME/DME suppliers and payers. For more information about Stratice, visit www.straticehealthcare.com.

About IEDC
Created in 2005 to replace the former Department of Commerce, the Indiana Economic Development Corporation is governed by a 12-member board chaired by Governor Mike Pence. Victor Smith serves as the Indiana Secretary of Commerce and Eric Doden is the president of the IEDC.

The IEDC oversees programs enacted by the General Assembly including tax credits, workforce training grants and public infrastructure assistance. All tax credits are performance-based. Therefore, companies must first invest in Indiana through job creation or capital investment before incentives are paid. A company who does not meet its full projections only receives a percentage of the incentives proportional to its actual investment. For more information about IEDC, visit www.iedc.in.gov.

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Media Contacts:
Rodney Baumgart (Stratice) – 317.688.1128 or rbaumgart@stratice.com
Katelyn Prentice (IEDC) – 317.234.2294 or kprentice@iedc.in.gov
Contact Information:
Name: Katelyn Prentice
Phone: 317.234.2294
Email: kprentice@iedc.in.gov

The original release can be found at: http://www.in.gov/activecalendar/EventList.aspx?view=EventDetails&eventidn=209160&information_id=211283&type=&rss=rss