Phreesia(PHR)

Emerging#15 in Healthcare

NYSE-listed (PHR) patient intake platform digitizing check-in for 4,000+ practices at $383M revenue; pharma-funded activation programs competing with Epic and Clearwave for healthcare front-office engagement.

Patient Intake
PHR
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Company Overview

About Phreesia

Phreesia is a Raleigh, North Carolina-based patient intake and engagement platform — listed on NYSE (NYSE: PHR) — providing healthcare practices, health systems, and pharmaceutical companies with digital tools for patient registration, insurance verification, payment collection, clinical pre-screening, and patient activation. Founded in 2005 by Chaim Indig and Evan Roberts and generating $383 million in revenue in fiscal year 2025 (ending January 2025), Phreesia serves 4,000+ healthcare practices and health systems with the patient-facing digital infrastructure that replaces paper clipboards and manual front-desk registration.

Business Model & Competitive Advantage

Phreesia's intake platform captures structured patient data before appointments: patients complete their intake forms on Phreesia tablets (provided at check-in) or through pre-visit mobile links, entering demographic information, insurance cards (photographed and automatically populated), medication lists, chief complaints, and health history. The clinical screening modules (PHQ-9 depression screening, SDOH social determinants of health questionnaires, vaccination records, HbA1c tracking) capture clinical data at the touchpoint that precedes the physician visit — enabling the physician to see patient-reported outcomes before entering the room. The integrated payment collection (co-pay collection at check-in, outstanding balance payment requests) improves healthcare revenue cycle by capturing patient responsibility amounts before care delivery.

Competitive Landscape 2025–2026

In 2025, Phreesia (NYSE: PHR) competes in the patient intake and healthcare engagement market with Clearwave (patient self-service kiosks), Kyruus (provider matching and access management), and Epic Patient Experience (Epic's integrated intake for Epic EHR customers) for healthcare front-office digitization. Phreesia's pharmaceutical life sciences business (paid patient activation programs where pharma companies fund clinical screening during intake for relevant conditions) provides a high-margin revenue stream alongside the SaaS practice subscription. The 2025 strategy focuses on growing the life sciences revenue (pharma-funded patient education and adherence programs at the point of care), expanding health system adoption for large hospital group roll-outs, and building AI-powered risk stratification from intake data for care management programs.

Revenue
$383M
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Key Differentiators

Emerging Innovator

Phreesia is an emerging player bringing innovative solutions to the Healthcare market.

Growth Stage

Phreesia has achieved $383M in revenue, demonstrating strong product-market fit.

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