Capitol Pain Institute

What Capitol Pain Institute does

Capitol Pain Institute (CPI), operating under legal entity CPIhealth, is a multi-state interventional pain management platform headquartered in Austin, Texas, founded in 2007 by Dr. Matthew S. Schocket. The practice operates 20+ clinic locations across Texas, Colorado, Indiana, Kentucky, and Ohio, supported by accredited ambulatory surgery centers (Water Leaf Surgery Center, Ascent Surgery Center) for higher-acuity procedures. Its clinical staff includes board-certified interventional pain physicians, physiatrists, anesthesiologists, and a large advanced practice provider network (NPs and PAs), with credentials from institutions including Johns Hopkins, Stanford, Vanderbilt, Northwestern, Ohio State, and Rush.

The platform delivers integrated, multi-modality chronic pain care spanning neuromodulation (spinal cord stimulation, dorsal root ganglion stimulation, peripheral nerve stimulation), radiofrequency ablation, platelet-rich plasma therapy, minimally invasive lumbar decompression, kyphoplasty/vertebroplasty, a range of image-guided injection therapies (transforaminal epidural, facet, trigger point, GT bursa), and medication management. Patient services include an online patient portal, medical records request workflow, and physician referral infrastructure across operating states. The brand maintains strong consumer ratings (4.4-4.5 stars on Google) supported by published patient testimonials.

Revenue is generated on a fee-for-service basis through clinical encounters and ambulatory surgical procedures, reimbursed primarily via commercial insurance, Medicare, and Medicaid. Since 2022, the company has been backed by private equity firm Iron Path Capital and has executed an aggressive acquisition-led growth strategy, absorbing Wellspring Pain Solutions, Springs Rehabilitation, Spinal Diagnostics and Regenerative Medicine, Peak Physical Medicine, Ascent Surgery Center, Nura Pain Clinics, Balcones Pain Consultants, Water Leaf Surgery Center, and most recently Midwest Interventional Spine Specialists and Serenity Surgical.

Name

Capitol Pain Institute

Legal name

CPIhealth

Website

https://capitolpain.com

Company type

Private

Founded year

2007

Operating status

Operating

Headcount range

51–100 employees

Short description

Capitol Pain Institute is a PE-backed interventional pain management platform operating 20+ clinics and ambulatory surgery centers across five U.S. states, delivering neuromodulation, ablation, regenerative, and injection therapies to chronic pain patients.

Ownership category

akta.pro rank

Product category

Interventional Pain Management Services

NAICS

Offices of Physicians (62111), Ambulatory Health Care Services (621)

SIC

Services-Specialty Outpatient Facilities, Nec (8093), Services-Offices & Clinics Of Doctors Of Medicine (8011)

akta.pro primary industry

Pain Management Clinics (Interventional & Medical) (HLAFABAH)

akta.pro secondary industries

Pain Management & Interventional Procedure Centers (HLAFAIAH), Pain Medicine (Interventional/Neuropathic Pain) (HLAKAIAM), Pain Management (Spine & Musculoskeletal) (HLAKALAM)

Keywords

• Interventional pain management
• Neuromodulation therapies
• Ambulatory surgical centers
• Chronic pain treatment
• Spinal cord stimulation

Headquarters

HQ city

Austin

HQ country

United States

HQ region

North America

Offices21 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Marketing or Sales, Technology or R&D

Revenue model

1. Clinical Services Revenue: Capitol Pain Institute generates revenue through billable clinical services including office visits, diagnostic procedures, interventional pain management treatments, and surgical procedures performed at their clinics and affiliated ambulatory surgery centers. Revenue is primarily collected through insurance reimbursement and patient co-pays.
2. Surgical Center Services: Ambulatory surgical center procedures including spinal cord stimulator implants, ablation procedures, and other interventional treatments performed in their accredited surgery centers.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core offering

Capitol Pain Institute operates a multi-state clinical practice that diagnoses and treats chronic pain conditions through interventional procedures (Spinal Cord Stimulation, DRG Stimulation, Peripheral Nerve Stimulation, Radiofrequency Ablation, PRP, MILD, Kyphoplasty), injection therapies, medication management, bracing, and EMG/NCS diagnostics. Services are delivered at 20+ clinic locations and accredited ambulatory surgery centers across Texas, Colorado, Indiana, Kentucky, and Ohio, reimbursed primarily through insurance and patient co-pays.

Product overview

Capitol Pain Institute is a multi-state pain management healthcare provider offering integrated pain management services across Colorado, Indiana, Kentucky, Ohio, and Texas. The organization operates as a unified practice with multiple treatment modalities including interventional procedures (Spinal Cord Stimulation, DRG Stimulation, Radiofrequency Ablation, Platelet Rich Plasma, Minimally Invasive Lumbar Decompression, Peripheral Nerve Stimulation, Kyphoplasty), injection therapies (Trigger Point Injections, Transforaminal Epidural Steroid Injections, Facet Joint Injections, GT Bursa Injections), medication management, bracing, and diagnostic services (EMG/NCS). The practice acquired several regional pain management providers including Wellspring Pain Solutions, Nura Pain Clinics, Balcones Pain Consultants, and multiple Colorado practices. Patient services include an online patient portal and medical records management.

Differentiator

Problem solved

Functional benefit

Products and services

• Spinal Cord Stimulation (SCS) Interventional pain management treatment that uses mild electrical signals via implanted electrodes near the spinal cord and a pacemaker-like battery pack to interfere with pain messages before they reach the brain, used for chronic pain patients not responsive to conservative care.
• DRG Stimulation (Dorsal Root Ganglion Stimulation) Targeted neuromodulation therapy that stimulates the dorsal root ganglion to provide more effective and specific treatment for chronic nerve pain and neuropathy, particularly for focal pain in specific areas.
• Peripheral Nerve Stimulation (PNS) Advanced pain management technique targeting peripheral nerves responsible for transmitting pain signals to the brain using an implanted device that emits mild electrical pulses, for patients with chronic peripheral nerve pain.
• Radiofrequency Ablation (RFA) Medical procedure using high-frequency electrical current to cauterize or ablate nerve tissues that carry pain signals, effectively interrupting pain pathways for chronic conditions such as arthritis and spinal injuries.
• Platelet Rich Plasma (PRP) Therapy Regenerative medicine therapy utilizing the body's own natural healing mechanisms to heal injured soft tissue including tendons, muscles, and ligaments.
• Minimally Invasive Lumbar Decompression (MILD) Minimally invasive surgical technique to treat lumbar spinal stenosis by removing small pieces of bone and tissue causing spinal canal narrowing through a small incision.
• Kyphoplasty/Vertebroplasty Minimally invasive procedure to treat vertebral compression fractures by inserting bone cement to stabilize the fractured vertebra.
• Trigger Point Injections Minimally invasive treatment to relieve pain and improve function in muscles affected by trigger points using local anesthetic with or without corticosteroid.
• Transforaminal Epidural Steroid Injections Delivers corticosteroid into the space just outside the spinal cord to reduce inflammation and pain associated with nerve root irritation, herniated discs, spinal stenosis, or radiculopathy.
• Cervical Medial Branch/Facet Joint Injections Injections for chronic neck pain using local anesthetic with or without steroid to diagnose and treat facet joint pain, often followed by radiofrequency ablation for longer relief.
• GT Bursa Injections (Greater Trochanteric Bursa Injection) Non-surgical hip pain treatment using corticosteroid and local anesthetic injection targeting the greater trochanteric bursa to relieve inflammation and pain from trochanteric bursitis.
• Medication Management Comprehensive medication management including antidepressants, anticonvulsants, NSAIDs, muscle relaxers, and opioid pain medications for chronic pain control.
• Bracing Supportive equipment to offload painful areas of the body, provide assistance with movement, improve posture, and prevent further damage.
• Axon Therapy Treatment for neuropathy and nerve pain conditions, including peripheral neuropathy, ilioinguinal neuropathy, and intercostal neuropathy.
• Electromyography/Nerve Conduction Study (EMG/NCS) Diagnostic testing to help understand the root cause of pain by assessing nerve and muscle function.
• Patient Portal Online patient portal for accessing medical records, scheduling appointments, and managing healthcare needs.
• Medical Records Management Patient access to view and request confidential health information with 10 business day processing for medical records requests.

Quantifiable outcome

• 50-70% reduction in pain with Spinal Cord Stimulation
• +2 more outcomes

Named customers5 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Scale indicators3 records

Recent moves10 records

Expansion highlights5 records

Direct peers

• Pain Specialists of America: Pain Specialists of America operates multi-site interventional pain clinics in Texas with comparable offerings in spinal cord stimulation, radiofrequency ablation, and injection therapies. It is a direct regional competitor to Capitol Pain Institute's core Austin and Texas footprint.
• Best Choice Medical Group: Best Choice Medical Group operates multi-specialty pain management and rehabilitation clinics across several states with similar interventional procedure offerings. It is a direct peer to Capitol Pain Institute in clinical model, patient population, and growth trajectory.
• Innovative Pain & Wellness: Innovative Pain & Wellness is an interventional pain management practice offering advanced procedures including spinal cord stimulation, PRP, and regenerative therapies. It is a direct specialty peer to Capitol Pain Institute with overlapping neuromodulation and regenerative medicine service lines.
• National Spine & Pain Centers: National Spine & Pain Centers is a PE-backed interventional pain management platform operating 100+ locations across the U.S. It is the closest direct comparable to Capitol Pain Institute—same specialty, same PE roll-up playbook, same neuromodulation and injection-based service mix, and same multi-state acquisition strategy.
• Center for Pain Management: Center for Pain Management operates a network of pain management clinics offering interventional procedures, injections, and medication management. It is a direct specialty peer to Capitol Pain Institute with overlapping service lines and patient demographics.
• Premier Pain & Spine: Premier Pain & Spine is a multi-location interventional pain management practice offering SCS, RFA, injections, and medication management. It is a direct specialty peer to Capitol Pain Institute, competing for the same chronic pain patient population and similar referring physicians.

Broad incumbents

• US Anesthesia Partners: US Anesthesia Partners is a large PE-backed physician services platform providing anesthesiology and chronic pain management services across multiple states. Many CPI physicians are anesthesiology-trained, and USAP operates in adjacent physician-services consolidation—relevant as a comparable PE-backed physician platform though broader in scope.
• HCA Healthcare: HCA Healthcare is one of the largest U.S. hospital systems and operates outpatient pain management services through its physician practice groups and ambulatory surgery centers. It represents a broad incumbent that competes for the same chronic pain patient referrals and employs some interventional pain physicians, though pain is not its primary focus.
• Surgery Partners: Surgery Partners is a publicly traded ambulatory surgical center operator with hundreds of facilities nationwide, including interventional pain and spine surgery. It is a broader incumbent comparable to CPI's owned ambulatory surgery center footprint (Ascent, Water Leaf, Serenity Surgical, Pain Care Surgery of Louisville).

Emerging players

• Nura Pain Clinics (legacy entity): Nura Pain Clinics was a chronic pain platform acquired by Capitol Pain Institute in 2023. Prior to acquisition it operated as an independent specialty pain management group; understanding Nura's pre-acquisition profile provides context for the type of asset CPI consolidates and comparable service offerings.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/drschocket
• Facebookfacebook.com/CapitolPainInstitute
• LinkedInlinkedin.com/company/capitol-pain-institute

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries8 records

Funding overview

Funding rounds2 records

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A11 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Capitol Pain Institute