OverviewSuggest Edit

Phreesia is a technology company developing solutions to manage the patient intake process. Its SaaS platform provides a range of services, including initial patient contact, registration, appointment scheduling, payments, and post-appointment patient surveys. The platform collects and analyzes a patient’s information and provides engagement tools to guide the patient through their healthcare journey.

TypePublic
Founded2005
HQRaleigh, NC, US
Websitephreesia.com
Employee Ratings4
Overall CultureF

Latest Updates

Employees (est.) (Jan 2021)827(+56%)
Job Openings111
Revenue (FY, 2021)$148.7 M(+20%)
Share Price (Sept 2021)$69.1
Cybersecurity ratingBMore

Key People/Management at Phreesia

Chaim Indig

Chaim Indig

Chief Executive Officer and Director
Evan Roberts

Evan Roberts

Chief Operating Officer
Randy Rasmussen

Randy Rasmussen

Chief Financial Officer
Michael Davidoff

Michael Davidoff

SVP, Marketing and Business Development
Dan Nathan

Dan Nathan

Chief Technology Officer
Balaji Gandhi

Balaji Gandhi

SVP, Investor Relations
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Phreesia Office Locations

Phreesia has offices in Raleigh and Ottawa
Raleigh, NC, US (HQ)
434 Fayetteville St #1400
Ottawa, CA
1 Hines Rd #110, Kanata
Show all (2)

Phreesia Financials and Metrics

Phreesia Revenue

Phreesia's revenue was reported to be $148.68 m in FY, 2021
USD

Revenue (Q2, 2022)

22.9m

Market capitalization (15-Sept-2021)

3.5b

Closing stock price (15-Sept-2021)

69.1

Cash (31-Jul-2021)

439.9m

EV

3.1b
Phreesia's current market capitalization is $3.5 b.
Annual
USDFY, 2018FY, 2019FY, 2020FY, 2021

Revenue

79.8m99.9m124.8m148.7m

Revenue growth, %

25%

Cost of goods sold

12.6m15.1m

Gross profit

67.3m84.8m
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q2, 2022

Revenue

17.4m19.8m20.9m23.9m24.8m24.8m28.3m30.8m32.8m33.4m17.1m17.5m22.9m

Cost of goods sold

3.0m3.2m3.3m3.2m3.6m3.8m4.0m

Gross profit

14.4m16.6m17.6m20.6m21.2m21.0m24.3m

Gross profit Margin, %

83%84%84%86%85%85%86%
Annual
USDFY, 2018FY, 2019FY, 2020FY, 2021

Cash

10.5m1.5m90.3m218.8m

Accounts Receivable

12.3m16.1m22.0m29.1m

Prepaid Expenses

2.8m3.3m5.2m7.3m

Current Assets

36.0m32.9m131.5m272.3m
Quarterly
USDQ2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q2, 2022

Cash

100.1m91.4m90.3m84.2m254.1m439.9m

Accounts Receivable

16.8m20.0m24.2m23.0m27.6m30.4m

Prepaid Expenses

6.0m5.3m5.4m8.4m6.8m6.2m

Current Assets

135.8m128.7m130.4m128.0m302.5m493.7m
Annual
USDFY, 2018FY, 2019FY, 2020FY, 2021

Net Income

(18.2m)(15.1m)(20.3m)(27.3m)

Depreciation and Amortization

9.6m11.6m13.9m15.9m

Accounts Payable

(2.1m)2.0m(30.0k)(3.8m)

Cash From Operating Activities

(11.1m)(2.1m)826.0k2.9m
Quarterly
USDQ2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q2, 2022

Net Income

(14.2m)(16.6m)(6.1m)(12.5m)(19.2m)(35.4m)

Depreciation and Amortization

6.8m10.3m3.6m7.7m11.7m10.2m

Accounts Payable

4.5m1.6m(998.0k)(1.3m)(2.3m)950.0k

Cash From Operating Activities

2.6m(448.0k)1.9m(520.0k)(1.2m)(12.2m)
USDQ1, 2018

Revenue/Employee

48.1k
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Phreesia Operating Metrics

FY, 2018Q1, 2019Jun, 2018FY, 2019Q1, 2020

Healthcare Provider Organizations

1.42 k1.45 k1.49 k1.55 k

Average Revenue per Customer

$43.16 k$13.27 k$54.23 k$15.65 k

Patent Applications

1

Trademarks

4
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Phreesia Revenue Breakdown

Embed Graph

Phreesia revenue breakdown by business segment: 44.0% from Subscription and related services, 19.1% from Life sciences and 36.9% from Payment processing fees

Phreesia Cybersecurity Score

Cybersecurity ratingPremium dataset

B

87/100

SecurityScorecard logo

Phreesia Online and Social Media Presence

Embed Graph

Phreesia Company Culture

  • Overall Culture

    F

    39/100

  • CEO Rating

    F

    10/100

  • Compensation

    D

    55/100

Learn more on Comparably

Phreesia News and Updates

North Carolina taps Phreesia to help with social determinants of health

As part of its Healthy Opportunities Initiative, the North Carolina Department of Health and Human Services has enlisted Phreesia to help health systems statewide learn more about their patients' social determinants of health. WHY IT MATTERS Phreesia, patient intake platform is able to screen patien…

VC-backed Phreesia starts trading on the NYSE

Phreesia, a patient intake management platform, has debuted its IPO after pricing its over 9.2 million shares at $18 per share. The stock began trading July 18, 2019 on the New York Stock Exchange under the ticker symbol "PHR." J.P. Morgan, Wells Fargo Securities and William Blair are the lead under…

Phreesia Launches Initial Public Offering of Common Stock

NEW YORK, July 8, 2019 /PRNewswire/ -- Phreesia, Inc. ("Phreesia"), a leading patient intake management platform, today announced that it has commenced an initial public offering of its common stock. Phreesia is offering 7,812,500 shares of its common stock at an initial public offering...

New York City-based Phreesia is the latest digital health startup set to go public in 2019

This is an excerpt from a story delivered exclusively to Business Insider Intelligence Digital Health Pro subscribers. To receive the full story plus other insights each morning, click here. Another startup made its way onto the growing list of digital health firms planning to go public this year…

VC-backed Phreesia files to go public

New York-based Phreesia, a healthcare software company, has filed for an IPO. The number of shares that will be sold as well as the stock's pricing terms have yet to be set. The company plans on trading the stock on the New York Stock Exchange under the ticker symbol "PHR." J.P. Morgan, Wells Fargo …

Health care software maker Phreesia files for IPO

Health care software maker Phreesia said Monday it has filed for an initial public offering. The number of shares to be offered and price range have yet to be determined, but the company is planning to list on the New York Stock Exchange under the ticker symbol "PHR." JPMorgan, Wells Fargo and Will…
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Phreesia Blogs

4 Reasons to Use Two-Way Text Messaging with Your Patients

Today’s consumers are accustomed to having easy transactions at their fingertips, from making a restaurant reservation online to checking in to a flight from their couch at home. Although the healthcare sector has traditionally lagged behind other industries in embracing digital technologies, the CO…

Phreesia Again Achieves HITRUST CSF® Certification for Enhanced Security and Compliance

RALEIGH, N.C., September 8, 2021— Phreesia is pleased to announce that its patient intake platform has earned renewed HITRUST CSF Certification for information security. The designation validates Phreesia’s commitment to meeting key regulations and protecting sensitive information. “This recertifica…

Phreesia’s Chaim Indig Named One of The Software Report’s Top 50 SaaS CEOs of 2021

RALEIGH, N.C., August 24, 2021 — Phreesia is pleased to announce that Chaim Indig, Chief Executive Officer of Phreesia, has been named to The Software Report’s list of the Top 50 SaaS CEOs of 2021. The annual award recognizes leaders of high-performing Software-as-a-Service companies who have demons…

How Automated Schedule Management Improves Patient Access

Filling unexpected open appointment slots left by sudden cancellations is critical to keeping practice schedules full and ensuring that patients quickly get the care they need. But in most healthcare organizations, that process is disjointed and time-consuming. Many practices and health systems use …

The way forward: Leveraging Phreesia to improve your healthcare organization’s financial health

The post The way forward: Leveraging Phreesia to improve your healthcare organization’s financial health appeared first on .

Rethinking Referrals: Insights from Providers

More than one-third of all patients in the U.S. are referred to a specialist each year. However, effective communication between referral senders and receivers is difficult, which can delay diagnosis, impede treatment and create gaps in follow-up care. This white paper draws on the results of a 35-q…
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Phreesia Frequently Asked Questions

  • When was Phreesia founded?

    Phreesia was founded in 2005.

  • Who are Phreesia key executives?

    Phreesia's key executives are Chaim Indig, Evan Roberts and Randy Rasmussen.

  • How many employees does Phreesia have?

    Phreesia has 827 employees.

  • What is Phreesia revenue?

    Latest Phreesia annual revenue is $148.7 m.

  • What is Phreesia revenue per employee?

    Latest Phreesia revenue per employee is $179.8 k.

  • Who are Phreesia competitors?

    Competitors of Phreesia include NASCO, ZocDoc and Evariant.

  • Where is Phreesia headquarters?

    Phreesia headquarters is located at 434 Fayetteville St #1400, Raleigh.

  • Where are Phreesia offices?

    Phreesia has offices in Raleigh and Ottawa.

  • How many offices does Phreesia have?

    Phreesia has 2 offices.