Medical Management Tech Firm Brings HQ To Cedar Park

CEDAR PARK, TX — ABEO-Crystal Practice Management, an area medical software company, is moving its headquarters to Cedar Park along with 41 local jobs, city officials said.

The Cedar Park City Council voted to authorize a performance-based economic development incentives agreement between the Cedar Park Development (Type A) Corporation and ABEO Solutions Inc., which owns Crystal Practice Management, officials said in a press advisory.

City officials noted ABEO is owned by Cedar Park residents and brothers Paul and Mark Crowley, along with John Knaus. The company started close to 20 years ago has experienced a major growth spurt over the last decade, according to the advisory. ABEO provides software under the Crystal Practice Management name that assists with customer records, e-prescriptions, inventory, machine integration, online forms, billing, and scheduling - among other uses. The software maker says their product helps doctors offices save approximately $30,000 annually.

The economic development project entails ABEO-Crystal Practice Management relocating its headquarters for a medical software company from Austin to a 9,500-square-foot building located at 12112 Anderson Mill Road in Cedar Park, officials said. The company’s capital investment in Cedar Park will total more than $2 million, including $1.5 million in building and real property and $500,000 in FFE (furniture, fixtures and equipment), officials added. In turn, ABEO-Crystal Practice Management will receive an incentive investment of $51,600 ($1,259 per job), according to the advisory.

“The great thing about this project is that the payback period is point-nine years,” Cedar Park Director of Economic Development Ben White said in a prepared statement.

Economic development incentives provided by the Cedar Park Economic Development (Type A) Corporation are funded by ¾ cent of local sales tax from shopping and dining within the city limits of Cedar Park, officials described.

Noting many of the company's employees already live in Cedar Park, ABEO Co-owner and Development Manager Paul Crowley added: “I’ve been a resident of Cedar Park for ten years and my brother has lived here even longer. I live in Red Oaks and my brother lives in Twin Creeks. We’re extremely excited to move the company closer to home. It will mean more time with family and less time on the road.”