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Phreesia, Inc. - PHR STOCK NEWS

Welcome to our dedicated page for Phreesia news (Ticker: PHR), a resource for investors and traders seeking the latest updates and insights on Phreesia stock.

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.

News

CMS Includes the Patient Activation Measure in its Merit-Based Incentive Payment System Starting in 2024

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Phreesia (PHR) is pleased to announce that the Centers for Medicare and Medicaid Services (CMS) has included the Patient Activation Measure Performance Measure (PAM-PM) in its Merit-Based Incentive Payment System (MIPS), as well as in 15 specialty-specific measure sets and five MIPS Value Pathways (MVPs), subsets of measures for specific conditions. The PAM measures a patient’s knowledge, skills, and confidence to self-manage their health. The measure steward of the PAM is Insignia Health, a wholly owned subsidiary of Phreesia. The PAM is used to support patients in taking a more active role in their care, driving better outcomes, especially for patients who need it most. The PAM has been included as a high priority outcome measure in the 2024 Medicare Physician Fee Schedule published by CMS. This move demonstrates CMS's commitment to person-centered care and health equity. The PAM has been developed nearly two decades ago and has been backed by a large body of research, with more than 800 peer-reviewed studies demonstrating its unique value. Beginning in 2024, MIPS-participating providers can report on gains in patient activation as a new quality measure, showcasing the importance of the PAM in understanding patients, allocating resources efficiently, and getting patients the support they need.
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Phreesia Achieves HITRUST Risk-Based, 2-Year Certification Demonstrating the Highest Level of Information Protection Assurance

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Phreesia (PHR) Achieves HITRUST Risk-based Certified Status for Patient Intake Platform and Data Centers, Demonstrating High Information Security Standards and Compliance
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Phreesia Sets Release Date for Fiscal Third Quarter 2024 Results

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Phreesia, Inc. (NYSE: PHR) will release its fiscal third quarter 2024 financial results on December 5, 2023. The results will be announced through a press release and quarterly stakeholder letter on the company's investor website. A conference call to discuss the results will be held at 5PM Eastern Time on the same day. A replay of the call will be available for on-demand listening.
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Phreesia Announces Second Quarter Fiscal 2024 Results

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Phreesia Inc. reports Q2 2023 financial results. Total revenue increased by 26% to $85.8 million. Net loss decreased to $36.8 million. Cash and cash equivalents decreased to $127.7 million. Acquired MediFind for $9.0 million and Access eForms for $38.4 million. Maintaining revenue outlook for FY2024 at $353-356 million. Raising Adjusted EBITDA outlook to negative $54-49 million. Maintaining $500 million revenue target for FY2025. Expecting profitability in FY2025.
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Phreesia Named to The Software Report’s “Top 100 Software Companies” for the Second Consecutive Year

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Phreesia has been selected as one of the 'Top 100 Software Companies of 2023' by The Software Report. The evaluation is based on factors like product functionality, innovative capabilities, ESG involvement, and long-term viability. This is the second consecutive year that Phreesia has made the list. Other awardees include Adobe, Groove, and Pantheon.
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Phreesia Awards Inducement Grants as Part of its Acquisition of Access eForms

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Phreesia, Inc. has approved the grant of restricted stock unit awards to 24 new non-executive employees. The awards, totaling 12,285 shares of common stock, were made on August 15, 2023, in accordance with the 2023 Inducement Award Plan. The awards will vest annually over a four-year period, subject to continued employment.
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Phreesia Acquires Access, Expanding its Offerings for Acute-Care Hospitals and Continuing to Drive Efficiency and a Better Patient Experience

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Phreesia (PHR) has acquired Access eForms, an electronic forms management provider, to enhance its patient intake, outreach, and activation services for healthcare organizations. Access eForms brings expertise in delivering thousands of forms used in healthcare settings and has seamless integrations with leading EHRs, including MEDITECH. The acquisition aims to help hospitals streamline workflows, improve compliance, and deliver a better patient experience, in line with Phreesia's focus on making care more convenient and patient-centered.
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Phreesia Sets Release Date for Fiscal Second Quarter 2024 Results

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Phreesia Acquires MediFind, Reinforcing its Commitment to Patient-Centered Care and Expanding its Offerings to Consumers

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Phreesia Names Lisa Egbuonu-Davis to its Board of Directors

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FAQ

What is the current stock price of Phreesia (PHR)?

The current stock price of Phreesia (PHR) is $25.16 as of December 20, 2024.

What is the market cap of Phreesia (PHR)?

The market cap of Phreesia (PHR) is approximately 1.4B.

What does Phreesia, Inc. do?

Phreesia, Inc. provides comprehensive software solutions that improve the operational and financial performance of healthcare organizations by managing patient access, registration, payments, and clinical support.

What is the Phreesia Platform?

The Phreesia Platform is a robust suite of integrated solutions designed to manage patient interactions, including access, registration, payments, and clinical support.

How does Phreesia benefit healthcare organizations?

Phreesia benefits healthcare organizations by streamlining administrative, financial, and clinical operations, allowing staff to focus more on patient care and improving overall efficiency.

What are some of Phreesia's recent achievements?

Recent achievements include continuous software updates, ensuring compliance with the latest technological advancements and regulatory requirements, and forming strategic partnerships to enhance their platform's capabilities.

What makes Phreesia's platform scalable and flexible?

Phreesia's platform is designed to be adaptable to the varying needs of healthcare organizations of all sizes, offering scalable solutions that can grow with the organization.

Who uses Phreesia's services?

Leading healthcare organizations and medical groups of all sizes use Phreesia's services to revolutionize their point of service and improve patient care.

What is Phreesia's approach to patient activation?

Phreesia activates patients in their care by providing tools and technologies that engage them throughout their healthcare journey, optimizing health outcomes.

How does Phreesia enhance patient-provider interactions?

By offering integrated solutions for access, registration, payments, and clinical support, Phreesia enhances patient-provider interactions, making them more efficient and personalized.

What are some key features of the Phreesia Platform?

Key features include patient access management, registration, payment processing, appointment scheduling, and post-appointment surveys.

How is Phreesia performing financially?

Phreesia has shown consistent financial growth, driven by the increasing demand for efficient healthcare management solutions.

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Phreesia, Inc.

NYSE:PHR

PHR Rankings

#2250 Ranked by Market Cap
N/A Ranked by Dividends

PHR Stock Data

1.40B
55.28M
4.62%
100.81%
5.07%
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