October 5, 2022

CloudsBigData

Epicurean Science & Tech

Kareo and PatientPop Merge to Form Tebra, A Digital Healthcare Technology Company Dedicated to Modernizing Healthcare Practices

4 min read

IRVINE, Calif. & SANTA MONICA, Calif.–(Enterprise WIRE)–Kareo, a leader in cloud-based medical and economic software package, and PatientPop, a chief in apply advancement technologies, currently declared the closing of their merger and the unveiling of the blended company’s new title. Tebra brings together major technologies from both of those corporations, which now guidance more than 100,000 health care suppliers, to deliver an all-in-a person system reason-designed to travel practice accomplishment and modernize every single stage of the patient journey.

The consumerization of health care has lastly arrived at your regional doctor’s workplace. Clients are paying a lot more for their healthcare, investing additional time exploring for companies online, and demanding practical tools like on-line scheduling, telehealth, and two-way messaging. The COVID-19 pandemic has hyper-accelerated these developments as providers adopt digital know-how to lengthen entry to treatment and continue to be linked to people.

“Patients these days count on a seamless, electronic knowledge from health care like they have in each and every other component of their life. But sadly, not all physicians have been capable to keep pace with these anticipations like other industries have,” Dan Rodrigues, CEO and founder of Kareo, stated. “That’s why we’re so excited to join forces with PatientPop to aid physicians expand their methods on the net and supply a modern knowledge.”

PatientPop contributes know-how to aid observe growth, which include exercise internet websites, on the net appointment booking, research advertising and marketing, electronic registration, messaging, and more. Kareo contributes technology to assist exercise operations, which include a fully accredited Electronic Well being Document (EHR), scheduling, insurance billing, patient payments, and extra. Together as Tebra, PatientPop and Kareo will assistance the linked apply of the future and modernize each step of the patient journey.

“PatientPop allows doctors appeal to more clients, manage their reputation, and expand their enterprise,” Luke Kervin, co-CEO and co-founder of PatientPop, explained. “But the a person thing our customers have been inquiring for more than the yrs is a further integration with their clinical and economic technique of record. Now with Kareo we can last but not least convey to the industry the all-in-a single platform our methods have been demanding.”

The identify Tebra is derived from the word “vertebrae” and symbolizes the part the new organization serves as the spine of observe achievement, delivering electronic engineering to hook up companies and their people. The blended company at this time has about 1,000 staff supporting more than 100,000 healthcare companies who are delivering treatment to extra than 85 million patients in the U.S.

“Tebra is creating the running procedure for the linked follow of the long term with options to support follow growth, the affected person expertise, care shipping, and the billing and payments course of action,” Travis Schneider, co-CEO and co-founder of PatientPop, explained. “But this merger also results in a network of suppliers and people and we’re thrilled to carry new remedies to the marketplace built on leading of our network.”

Tebra will leverage the experience of the PatientPop and Kareo founders, government groups, and boards of directors. Kareo CEO and founder Dan Rodrigues will serve as the CEO of Tebra. PatientPop co-CEOs and co-founders Luke Kervin and Travis Schneider will serve as Tebra’s Chief Innovation Officer and Main Company Development Officer, respectively. Tebra has fashioned a new govt team and board of administrators comprised of executives and board members drawn from the two PatientPop and Kareo. Tebra has been given $65 million in supplemental progress funding from Golub Money to assistance the merger.

PatientPop and Kareo will go on to run beneath their respective models for now. With Tebra, joint consumers will be capable to use PatientPop and Kareo with each other powered by a deep, seamless product or service integration. Both organizations also remain dedicated to supporting and expanding integrations with EHR and follow management associates and other 3rd-party healthcare engineering items.

J.P. Morgan Securities LLC acted as special monetary advisor to Kareo. Fenwick & West LLP presented authorized counsel to Kareo. Cooley LLP delivered authorized counsel to PatientPop.

For far more data and updates on the merger, pay a visit to www.tebra.com.

About PatientPop

PatientPop is an industry chief in practice development technologies with a platform that helps hundreds of providers advertise their practice, entice and acquire clients, and keep them, for a flourishing small business. The built-in platform eases and enhances the patient journey from commence to complete, with a streamlined digital workflow that significantly decreases function for companies and staff. PatientPop has been acknowledged with many business awards and accolades which includes the Inc. 500, Deloitte Rapid 500, Entrepreneur 360, Buyer Planet Awards, Capterra Shortlist, G2 Leader, and Silicon Critique 50 Fastest Escalating Providers. PatientPop has headquarters in Santa Monica, California. For more information and facts, take a look at www.patientpop.com.

About Kareo

Kareo is a cloud-centered health care technological know-how platform created to satisfy the distinctive wants of unbiased methods in dozens of specialties. Nowadays, Kareo will help more than 80,000 providers in 50 states deliver remarkable patient treatment and operate much more economical and worthwhile procedures. The Kareo engineering platform aids companies come across a lot more people, deal with affected individual treatment with a fully licensed and straightforward-to-use EHR, and get compensated speedily in a unified, quick-to-use answer. Kareo has gained extensive field recognition, which include the 2021 Finest in KLAS award for Small Practice Ambulatory EMR/PM Remedies, the Deloitte Technology Quickly 500, Inc. 5000, and a rating at the top of Gartner’s Chief Quadrant in the FrontRunners Computer software Investigation of EHR. Kareo’s headquarters are centered in Irvine, California. For additional facts, go to www.kareo.com.

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