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Phreesia, Inc. (symbol: PHR) is a leading provider of comprehensive software solutions designed to enhance the operational and financial performance of healthcare organizations. Through its innovative SaaS-based technology platform, Phreesia enables medical groups of all sizes to streamline their administrative, financial, and clinical operations, thereby allowing healthcare staff to focus more on delivering exceptional patient care.
The Phreesia Platform offers a robust suite of integrated solutions that manage various aspects of patient interactions. These solutions include patient access, registration, payments, and clinical support, all aimed at optimizing patient health outcomes. By activating patients in their care, Phreesia ensures that healthcare providers can offer more personalized and efficient services.
Phreesia's flexible and scalable platform is trusted by leading healthcare organizations to revolutionize their point of service. The platform encompasses a wide range of technologies and services, from initial patient contact and registration to appointment scheduling, payment processing, and post-appointment patient surveys. This comprehensive range of services drives tangible results, enhancing both patient and provider experiences.
Recent achievements and current projects at Phreesia include continuous updates to their software to ensure compatibility with the latest technological advancements and regulatory requirements. The company also focuses on forming strategic partnerships that further enhance the capabilities of their platform.
In terms of financial condition, Phreesia has shown consistent growth, driven by the increasing demand for efficient healthcare management solutions. The company's ability to adapt to the evolving needs of the healthcare industry makes it a significant player in the market.
Phreesia, Inc. (NYSE: PHR) plans to release its fiscal fourth quarter and full year 2021 financial results on March 30, 2021, after market close. A conference call to discuss these results will be held on March 31, 2021, at 8:30 a.m. ET. Interested parties can join the call by dialing (866) 211-4557 or (647) 689-6750 for international calls, using conference code 3387628. Phreesia offers a robust SaaS platform to streamline patient intake processes, improving healthcare engagement and operational efficiency.
Phreesia has been awarded the 2021 Best in KLAS for Patient Intake Management by KLAS, an insights firm. The award recognizes top-performing healthcare IT companies based on feedback from healthcare organizations. Phreesia achieved a score of 91.3, reflecting provider evaluations across various customer experience areas. This marks the third consecutive year Phreesia has received top honors for this category, previously winning in 2020 and being named Category Leader in 2019. CEO Chaim Indig expressed gratitude to clients and team members for their support.
Phreesia, a leader in patient intake solutions, has received certification from the Alliance for Audited Media (AAM) for its PatientConnect platform. This certification validates that the platform’s advertising measurement systems adhere to high industry standards. Phreesia’s commitment to continuous auditing ensures accuracy and reliability, maintaining industry-level performance. AAM’s ongoing audits include evaluating targeting criteria and patient authorization processes. The collaboration emphasizes Phreesia’s transparency and data integrity in the healthcare advertising sector.
Phreesia has joined the Zoom App Marketplace, enhancing its Intake for Telehealth solution. This integration offers automated patient intake processes for telehealth visits, allowing healthcare providers to generate unique meeting links and collect essential patient information efficiently. Over 100 healthcare organizations, including a 17-provider gastroenterology group, are already benefiting from this partnership. The streamlined registration improves the overall patient experience during virtual consultations.
Office Practicum (OP) has partnered with Phreesia to integrate their pediatric-specific EHR and patient intake management systems. This collaboration aims to enhance operational efficiency for pediatric practices by enabling seamless data capture during patient intake, improving the overall healthcare experience for families. OP's SVP of Product emphasized the accessibility of high-quality tools for practices, while Phreesia's CEO highlighted their shared mission of supporting pediatric care. The integration promises to streamline workflows, allowing for a convenient patient check-in process.
Phreesia, Inc. (NYSE: PHR) announced the retirement of CFO Tom Altier, effective April 2021, with Randy Rasmussen set to take over as CFO from May 1, 2021. Altier, who has been with Phreesia since 2012, will remain in an advisory role post-retirement. CEO Chaim Indig praised Altier's leadership in the company's successful transition to public status. Rasmussen, who joined as Chief Accounting Officer in 2019, brings over 25 years of finance experience to his new position. Phreesia provides healthcare organizations with innovative patient intake management solutions.
Phreesia, Inc. (NYSE: PHR) reported Q3 fiscal 2021 results with revenue of $38.5 million, a 17% increase year-over-year. The average number of provider clients rose to 1,737, marking a 10% growth. Average revenue per provider client reached $17,490, a 5% increase. Adjusted EBITDA was $1.2 million, down from $3.0 million in the prior year. Cash at the end of the quarter stood at $254.1 million, boosted by a follow-on stock offering. However, the company anticipates continued uncertainty due to COVID-19's impact on client operations and revenue.
Phreesia, Inc. (NYSE: PHR) will announce its fiscal Q3 2021 financial results on December 8, 2020, after market close. A conference call and webcast to discuss these results is scheduled for December 9, 2020, at 8:30 a.m. ET. The company provides healthcare organizations with innovative SaaS solutions to optimize patient intake processes, enhancing both patient engagement and clinical efficiency. Investors can participate in the call by dialing (866) 211-4557 or (647) 689-6750 internationally.
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