Welcome to our dedicated page for Weave Communications news (Ticker: WEAV), a resource for investors and traders seeking the latest updates and insights on Weave Communications stock.
Weave Communications, Inc. (Symbol: WEAV) is a trailblazing customer experience and payments software platform specifically designed for small and medium-sized healthcare businesses. By intertwining data, software, and communication platforms, Weave ensures that valuable information is readily accessible and easy to use, enhancing productivity and collaboration.
At its core, Weave aims to revolutionize patient interaction from the very first contact to the final billing process. The platform integrates a wide range of workflows into a unified solution, significantly reducing manual tasks and maximizing patient engagement. This approach democratizes enterprise-level communication tools, simplifying them for small and medium-sized businesses within the healthcare sector.
Weave offers a variety of features to enhance practitioner-patient relationships and optimize practice operations. These include diverse communication channels, appointment scheduling, payment processing, and more. The company operates in a singular segment, with its primary revenue derived from subscription services.
Recent achievements for Weave include advancing its software capabilities to provide even greater insights and improved productivity for its users. The company continues to develop its platform to meet the ever-evolving needs of healthcare providers, ensuring that meaningful information is available precisely when it is most beneficial for decision-making.
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Weave Communications, Inc. (NYSE: WEAV) grants 350,000 restricted stock units to its Chief Revenue Officer, David McNeil, as an employment inducement. The units vest over three years, with 33% vesting on March 15, 2025, and the remaining 67% over the following 2 years. This award was approved under Weave's 2022 Inducement Equity Incentive Plan.
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Weave (NYSE: WEAV) reported strong financial results for Q4 2023 and full year 2023, with total revenue up 21.2% and 19.9% year-over-year respectively. The company also saw positive net cash from operating activities and free cash flow improvements. CEO Brett White highlighted continuous growth in revenue, margins, EBITDA, and customer acquisition, positioning the company for success in 2024.
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Weave (NYSE: WEAV) introduces Payment Plans feature to streamline billing for healthcare practices. The new feature allows patients to pay bills over time through automated monthly charges, enhancing cash flow management and customer satisfaction.
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Weave (NYSE: WEAV) appoints David McNeil as Chief Revenue Officer to drive growth and oversee sales, customer success, revenue operations, and payments. McNeil brings over 25 years of experience in SaaS, payments, go-to-market strategy, and strategic partnerships. He joins Weave from Envoy and Tebra.com, with proven success in scaling SaaS businesses.
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Weave (NYSE: WEAV) will release its financial results for Q4 and full year 2023 on February 21, 2024, followed by a conference call and webcast to discuss the results and provide a business update. The conference call can be accessed via phone or webcast on Weave's investor relations page.
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Weave (NYSE: WEAV) introduces ACH Debit Payments, providing a secure and cost-effective payment feature for healthcare providers and patients. This addition to their product suite allows patients to pay their co-pay or bill directly from their bank account, enhancing transaction security and lowering costs for providers. The company aims to improve the overall patient experience by offering flexible payment options and increasing the likelihood of timely payments.
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Weave (WEAV) announced integrations with HVMS and Via practice management systems to enhance veterinary client experiences. The integrations unlock features like Call Pop, Appointment Reminders, Data Sync, Vaccination Reminders, Save the Date Reminders, and Schedule Sync. Weave also integrates with other major client management systems in the veterinary industry, empowering clinics to automate tasks, improve data accuracy, and provide seamless care to clients.
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Weave (NYSE: WEAV) has been named a 2023 Top Workplace USA and 2023 Top Workplace Utah for the third consecutive year. The company also received five additional culture excellence awards. Weave's Chief People Officer, Brooke Shreeve, emphasized the company's commitment to creating a supportive work environment. The recognition is based on employee feedback captured by the Energage Workplace Survey, and Weave's mission is to improve customer interactions in healthcare practices. Weave has also been certified as a Great Place to Work for the fifth year in a row and was recognized as the fastest-growing software company on the 2023 Utah Business Fast 50 list.
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Weave (NYSE: WEAV) announced new enhancements to its Digital Forms product, saving hundreds of thousands of hours for patients and practice staff. The tool has empowered healthcare practices to send, receive, and process information more efficiently, with over 17 million forms sent to patients via the Weave platform. New enhancements include Conditional Logic, Attach File, and Pre-populate ePHI in Solicited Forms.
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Weave (NYSE: WEAV) ranked first in 27 categories in G2’s 2023 Winter Report and earned 61 badges, including leadership on the Grid® Report for Patient Relationship Management (PRM) and Patient Scheduling Software. Weave has been named a leader in 27 different categories based on verified customer reviews, customer satisfaction, and market presence. The company has recently released product enhancements to further meet the needs of small and medium-sized healthcare businesses, adding AI-driven voicemail transcriptions, expanding flexible payment plan options for patients through a partnership with Affirm, and releasing new integrations with Dentrix Ascend, 4th Dimension EMR, and Booker by Mindbody, among others. Weave has also earned recognition for impressive business momentum and employee satisfaction from several other awards programs.
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FAQ
What is the current stock price of Weave Communications (WEAV)?
The current stock price of Weave Communications (WEAV) is $16.08 as of December 26, 2024.
What is the market cap of Weave Communications (WEAV)?
The market cap of Weave Communications (WEAV) is approximately 1.2B.
What does Weave Communications, Inc. do?
Weave Communications, Inc. provides a customer experience and payments software platform for small and medium-sized healthcare businesses.
How does Weave improve practice operations?
Weave integrates diverse workflows into a unified solution, reducing manual tasks and maximizing patient engagement.
What features does Weave offer?
Weave offers communication channels, appointment scheduling, payment processing, and more to optimize healthcare practice operations.
How does Weave support SMBs?
Weave democratizes enterprise-level communication tools, making them simple and accessible for small and medium-sized businesses.
What is the primary source of revenue for Weave?
Weave's primary source of revenue is subscription services.
How does Weave enhance patient-practitioner relationships?
Weave's platform maximizes patient engagement by providing efficient communication and streamlined workflows.
What recent achievements has Weave made?
Weave has advanced its software capabilities to provide greater insights and improved productivity for healthcare providers.
What is the focus of Weave's current projects?
Weave focuses on developing its platform to meet the evolving needs of healthcare providers, ensuring valuable information is accessible when needed.
Why is Weave important for SMB healthcare businesses?
Weave simplifies complex workflows and communication processes, helping SMB healthcare businesses improve patient interaction and operation efficiency.
What makes Weave's platform unique?
Weave threads together data, software, and communication platforms into an intuitive and unified solution, specifically tailored for healthcare providers.
Weave Communications, Inc.
NYSE:WEAV
WEAV Rankings
WEAV Stock Data
1.16B
57.17M
3.26%
77.36%
1.96%
Health Information Services
Services-prepackaged Software
United States of America
LEHI