Phreesia Inc
NYSE:PHR
Phreesia Inc
Phreesia Inc., an innovator in the healthcare sector, has carved a niche for itself by redefining how medical practices manage patient intake and engagement. Instead of the traditional, cumbersome, and paper-laden check-in process, Phreesia offers a seamless digital solution. This cloud-based platform empowers healthcare providers by digitizing the registration process, thus enhancing operational efficiency and improving patient experiences. Clinics and hospitals leverage Phreesia's intuitive tablets and mobile solutions, allowing patients to update their information, complete questionnaires, and handle co-payments before even seeing their doctors. It's a technical orchestration that streamlines workflows and frees medical staff to focus more on patient care innovations.
Revenue for Phreesia is generated primarily through a subscription-based model where healthcare providers pay for access to this comprehensive platform. The company offers a menu of services, with added features like robust data analytics, appointment reminder systems, and insurance verification processes. These value-added services not only enhance administrative tasks but also provide actionable insights into patient trends and practice performance. Through strategic partnerships and integrations with various electronic health record (EHR) systems, Phreesia embeds itself deeply into healthcare operations, making its platform indispensable to modern medical practices where patient experience meets cutting-edge technology.
Phreesia Inc., an innovator in the healthcare sector, has carved a niche for itself by redefining how medical practices manage patient intake and engagement. Instead of the traditional, cumbersome, and paper-laden check-in process, Phreesia offers a seamless digital solution. This cloud-based platform empowers healthcare providers by digitizing the registration process, thus enhancing operational efficiency and improving patient experiences. Clinics and hospitals leverage Phreesia's intuitive tablets and mobile solutions, allowing patients to update their information, complete questionnaires, and handle co-payments before even seeing their doctors. It's a technical orchestration that streamlines workflows and frees medical staff to focus more on patient care innovations.
Revenue for Phreesia is generated primarily through a subscription-based model where healthcare providers pay for access to this comprehensive platform. The company offers a menu of services, with added features like robust data analytics, appointment reminder systems, and insurance verification processes. These value-added services not only enhance administrative tasks but also provide actionable insights into patient trends and practice performance. Through strategic partnerships and integrations with various electronic health record (EHR) systems, Phreesia embeds itself deeply into healthcare operations, making its platform indispensable to modern medical practices where patient experience meets cutting-edge technology.
Revenue Growth: Phreesia reported Q3 revenue of $120.3 million, up 13% year-over-year, and raised its full-year revenue guidance.
Profitability Milestone: Adjusted EBITDA reached an all-time high margin of 24%, with positive net income of $4.3 million for the second consecutive quarter.
AccessOne Acquisition: AccessOne was acquired and is expected to add $7.5 million to fiscal 2026 revenue and about 80 clients annually.
Guidance Update: Fiscal 2026 revenue guidance is now $479–$481 million, and adjusted EBITDA guidance was raised to $99–$101 million.
2027 Outlook: Early guidance for fiscal 2027 is $545–$559 million in revenue and $125–$135 million in adjusted EBITDA, with AccessOne contributing roughly 6.5% of revenue.
Emerging Products: Management highlighted provider financing and HCP marketing as new growth levers with significant market opportunities.
Operating Leverage: Margin expansion was driven by disciplined cost control, improved G&A efficiency, and ongoing investment in growth initiatives.
