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. (NYSE: PHR) is a healthcare technology company focused on patient activation, digital intake, outreach and education for healthcare providers, life sciences companies and other organizations. The Phreesia news feed on Stock Titan highlights company announcements, financial updates and product developments that shape how it engages patients and supports healthcare workflows.
Investors and industry followers can use this page to review earnings releases and outlook updates, where Phreesia reports quarterly revenue, subscription and related services, payment processing fees, network solutions revenue and key metrics such as average healthcare services clients and revenue per client. These updates often include management commentary on operating leverage, cash flows and non-GAAP measures like Adjusted EBITDA.
The news stream also features transaction and financing disclosures, including details about the acquisition of AccessOne Parent Holdings, Inc., a provider of financing solutions for healthcare receivables, and related bridge loan and credit facility arrangements. These items are relevant for understanding Phreesia’s growth strategy and capital structure.
In addition, readers will find product and innovation news, such as the launch of Phreesia VoiceAI, an AI-driven phone solution for managing patient calls, and partnership and recognition stories, including the collaboration with Sesame Workshop and inclusion in rankings like the Deloitte Technology Fast 500™ and Capterra Shortlists. Bookmark this page to follow how Phreesia communicates its performance, platform enhancements and strategic initiatives over time.
Phreesia, Inc. (NYSE: PHR) reported Q3 2023 revenue of $73.1 million, a 31% increase from $55.9 million in Q3 2022. Average healthcare services clients rose by 42% to 2,982, but average revenue per client decreased by 9% to $17,645. The net loss widened to $40.2 million compared to $36.3 million a year earlier. Phreesia updated its FY 2023 revenue forecast to at least $278 million, reflecting 30% growth. Adjusted EBITDA outlook improved to negative $95 million. The company aims for $500 million in revenue by FY 2025 and anticipates achieving profitability in that year.
Phreesia has announced that Sara DiNardo, Vice President of Client Solutions, has been recognized as one of the Top 50 Women Leaders in SaaS of 2022 by The Software Report. This marks the fifth consecutive year a female leader from Phreesia has received such recognition, highlighting the company’s commitment to fostering leadership in the software industry. DiNardo oversees client services and success teams, aiming to enhance the patient experience within the healthcare technology sector.
Phreesia (NYSE: PHR) will release its fiscal Q3 2023 financial results on December 8, 2022, after market close. A press release will be available on ir.phreesia.com, along with a quarterly stakeholder letter. A conference call is scheduled for 5:00 PM ET on the same day to discuss the results. Phreesia provides a SaaS platform for healthcare organizations, improving patient intake and enhancing clinical care.
Phreesia has appointed Alexandra Beneville as Vice President of Life Sciences Content Strategy, effective August 1, 2022. Beneville joins from Phosphorus, where she was Vice President of Marketing. With over 20 years of experience in marketing and brand management within the healthcare sector, she aims to enhance digital patient engagement at Phreesia. Beneville's previous roles include leadership positions at Wunderman and Eli Lilly. Phreesia's Life Sciences division focuses on connecting with patients through targeted health content and insights.
Phreesia announced that Zeeshan Butt, PhD, has been appointed to the National Quality Forum’s Measure Applications Partnership (MAP) Clinician Workgroup for a three-year term. This group influences performance measures for federal public reporting and payment programs. Dr. Butt is a licensed clinical health psychologist specializing in patient-reported outcomes. Phreesia supports over 100 million patient visits annually, offering tools that enhance health outcomes and efficiency in healthcare settings. Its Patient Activation Measure® is recognized for improving clinical results and reducing costs.
Phreesia, Inc. (NYSE: PHR) reported fiscal Q2 2023 results, achieving revenue of $67.9 million, a 33% increase year-over-year, with a total of 2,776 healthcare clients. However, the average revenue per client dipped 7% to $18,248, attributed to faster client growth outpacing revenue gains. Adjusted EBITDA was negative $26 million, worsening from negative $11 million a year ago. The company raised its 2023 revenue outlook to $273-$275 million, indicating 28%-29% growth, and adjusted EBITDA guidance improved but remains negative. Cash equivalents dropped to $240.7 million.
Phreesia, Inc. (NYSE: PHR) will announce its fiscal Q2 2023 financial results after market close on September 7, 2022. A press release detailing the results, accompanied by a quarterly stakeholder letter, will be made available on the company's investor website. Following this, a conference call will commence at 5:00 PM ET to discuss the financial outcomes. Phreesia focuses on enhancing patient intake processes in healthcare through its innovative SaaS platform, promoting patient engagement and operational efficiency.
Summary not available.
Phreesia has released a white paper highlighting how patient expectations of healthcare technology are evolving. Based on a survey of 4,136 patients, it reveals that 84% would book appointments online, while 82% would reschedule similarly. Notably, 64% prefer providers with online check-in options, and 70% are willing to make online payments. The paper indicates a significant demand for digital communication with healthcare providers, as 88% of respondents favor it. Phreesia's insights suggest that enhancing digital capabilities can improve patient satisfaction and retention.
Phreesia, a leader in patient intake solutions, has partnered with Compulink Healthcare Solutions to deliver a bidirectional integration between their systems. This collaboration aims to streamline practice operations, enhance patient collections, and improve overall patient satisfaction. Key features include automated eligibility verification, payment collection, and improved data management. The integration is expected to support practices in maximizing profitability and efficiency, with Phreesia’s systems enhancing patient engagement through personalized experiences.