Advertisement Banner
  • Home
  • News
  • Medicine
  • Health Tech
  • Health Living
  • Contact
No Result
View All Result
  • Home
  • News
  • Medicine
  • Health Tech
  • Health Living
  • Contact
No Result
View All Result
HealthNews
No Result
View All Result
Home Medicine

Practice management software Tebra secures $72M

admin by admin
July 11, 2022
in Medicine



Practice management software company Tebra secured more than $72 million in equity and debt financing from Golub Capital, boosting its valuation to over $1 billion.

WHAT IT DOES

Tebra is the result of a recent merger between Kareo, which offers clinical and financial software, and PatientPop, which provides tools for patient engagement and practice growth. The deal closed in November.

The combined company includes products for building a medical practice’s website and advertising its services, online scheduling and patient reminders, telehealth, an EHR, billing and payment, as well as data analytics. 

Tebra will use the capital to accelerate its post-merger plans, like growing market share, developing and launching products as a combined company and branding the new entity. 

“With this new investment from Golub Capital, we’ll be able to accelerate Tebra’s mission to unlock better healthcare by helping independent practices bring modernized care to patients everywhere,” CEO and cofounder Dan Rodrigues said in a statement.

“Simultaneously, we will broaden our market reach and launch new solutions, helping an even larger number of physicians with digital tools and support to attract new patients, get paid quicker and operate their practice more efficiently.”

MARKET SNAPSHOT

PatientPop raised $50 million in Series C funding in 2020 and $25 million in 2018. According to Crunchbase, Kareo last raised nearly $10 million in 2018. It also acquired billing-automation company PatientlySpeaking last year, and patient-communications tool DoctorBase in 2015.

Another company in the practice management space, NexHealth, announced it had wrapped up a $125 million Series C funding round in April, bringing the company to a $1 billion valuation. It offers tools for online scheduling, marketing and patient engagement.

Patient communication platform Luma Health scored $130 million late last year. Change Healthcare recently unveiled a new suite of engagement tools that were designed in collaboration with Luma.

Meanwhile, SocialClimb, which is focused on marketing medical practices, announced a $12 million raise early last year.



Source link

Advertisement Banner
Previous Post

Digital Mental Health Companies Draw Scrutiny and Growing Concerns

Next Post

Comirnaty Gets Full FDA Approval for COVID-19 Prevention in Adolescents

Next Post

Comirnaty Gets Full FDA Approval for COVID-19 Prevention in Adolescents

Discussion about this post

Recommended

Study: Smartphone apps aid in tracking and reporting COVID-19

1 month ago

Wave of Opioid Overdoses Expected to Hit U.S. Rural, Urban Areas

1 week ago

Don't Miss

New and Noteworthy: What I Read This Week—Edition 188

August 6, 2022

Researchers feel AI could help in measuring snooze time, Health News, ET HealthWorld

August 6, 2022

Long Covid Symptoms Affect One In Eight, Study Suggests

August 6, 2022

Can Consuming Micronutrients Affect Ulcerative Colitis Risk?

August 6, 2022

© 2022 Pharma News Hubb All rights reserved.

Use of these names, logos, and brands does not imply endorsement unless specified. By using this site, you agree to the Privacy Policy.

Navigate Site

  • News
  • Medicine
  • Health Tech
  • Health Tech
  • Health Living
  • Contact

Newsletter Sign Up.

No Result
View All Result
  • Home
  • News
  • Medicine
  • Health Tech
  • Health Living
  • Contact

© 2022 JNews - Premium WordPress news & magazine theme by Jegtheme.