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Phreesia reports developments tied to its patient activation platform for healthcare providers, life sciences companies and other organizations. The company’s recurring news includes quarterly results, stakeholder letters, patient intake, outreach, education and appointment-scheduling solutions, and the scale of patient visits enabled through its digital workflows.
Company updates also cover healthcare payment capabilities, including the completed AccessOne acquisition, credit-facility refinancing, and corporate governance or workplace recognition items. Phreesia’s news flow is centered on software, payments and engagement tools used across healthcare delivery and patient interactions.
Phreesia has partnered with New Jersey Urology (NJU) to enhance the patient intake process across over 60 locations in New Jersey. This collaboration aims to improve operational efficiency and patient experience, utilizing Phreesia's integrated platform within Epic’s system. Key achievements over the first 120 days include:
- 40,600 patients completed outcomes
- 54% registered before visits
- 84% copays paid at service
- 87% positive ratings of check-in
This integration is expected to support patient-focused care while minimizing in-person exposure.
Phreesia has partnered with the CONVINCE USA initiative at CUNY Graduate School of Public Health to develop a patient survey aimed at understanding COVID-19 vaccine hesitancy. Over 300,000 responses have been collected, highlighting disparities; 78% of those 65 and older are likely to vaccinate, versus less than half of essential workers. The survey equips providers with patient data to address concerns during visits. This initiative is part of Phreesia's Vaccine Management Solution, aiming to enhance vaccine access and education in vulnerable communities.
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.
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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.