Full-Time
Staff Accountant
Posted on 7/10/2024
Promaxo
51-200 employees
Provides compact MRI solutions for urology
Compensation Overview
$65k - $85kAnnually
Entry, Junior
Oakland, CA, USA
Requires onsite presence in Oakland, CA.
- Currently pursuing a degree in Accounting or Finance.
- Preferably 1-2 years accounting experience.
- Strong academic performance with a GPA of 3.0 or higher.
- Experience in Microsoft Excel and other MS Office applications.
- Detail-oriented with a high level of accuracy in work.
- Strong organizational and time management abilities.
- Effective communication skills, both verbal and written.
- Ability to work independently as well as part of a team.
- Assist in accounts payable, accounts receivable & expense reimbursements, including invoice processing, vendor management, and payment reconciliation.
- Support month-end and year-end close processes by performing account reconciliations and journal entries.
- Participate in special projects and initiatives as assigned by supervisors or management.
- Utilize accounting software and other financial tools to perform tasks efficiently and accurately.
Promaxo provides MRI solutions specifically designed for prostate imaging and image-guided biopsies. Their MRI system is compact and modular, allowing private medical practices, especially those in urology, to perform scans on-site without the need for extensive facility upgrades. This system uses low magnetic fields to generate high-quality images quickly and comfortably for patients. Unlike traditional MRI systems, Promaxo's technology is more accessible and cost-effective, enabling practices to avoid referring patients to external imaging centers, which reduces wait times and enhances patient care. The company differentiates itself with a strong intellectual property portfolio and a business model that allows clinics to recover costs rapidly through existing reimbursement codes. Promaxo's goal is to improve the quality of care in medical imaging by making MRI technology more available and affordable for healthcare providers.
Company Stage
N/A
Total Funding
$60.4M
Headquarters
Oakland, California
Founded
2016
6 month growth
↑ 22%1 year growth
↑ 28%2 year growth
↑ 96%
Simplify's Take
What believers are saying
- Promaxo's recent FDA 510(k) clearance for prostate biopsy and treatment positions it as a leader in point-of-care imaging.
- The company's strategic investments and advisory appointments, such as with Fred Moll, enhance its credibility and growth potential.
- Promaxo's successful sales momentum, with 40 systems sold across 16 states, indicates strong market adoption and revenue growth.
What critics are saying
- The medical imaging market is highly competitive, requiring continuous innovation to maintain a leading position.
- Integration of AI and robotics into MRI systems may face regulatory and technological challenges.
What makes Promaxo unique
- Promaxo's MRI systems are compact and modular, eliminating the need for extensive facility upgrades, unlike traditional MRI systems.
- The company's focus on low magnetic fields and patient comfort sets it apart in the medical imaging market.
- Promaxo's strong intellectual property portfolio with 60 issued and pending patents provides a significant competitive edge.
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Benefits
Health
Family
Community Activties
Convenience
Time Away
Growth