Phreesia, Inc.

Phreesia, Inc. was founded in 2005 and provides an integrated software, payments, and engagement platform for healthcare delivery. The company's platform is designed to address challenges in access to care, affordability of care, and patient health outcomes. It is integrated into provider workflows and patient interactions, helping healthcare organizations activate patients, streamline administrative processes, and improve financial performance. Phreesia serves ambulatory practices, health systems, hospitals, life sciences companies, government entities, patient advocacy, public interest, and not-for-profit organizations. Its solutions support the patient journey from care discovery and scheduling through intake, payment, and post-visit follow-up. In fiscal year 2026, the platform facilitated approximately 180 million patient visits, representing approximately one in six ambulatory patient visits in the United States. In fiscal year 2026, Phreesia acquired AccessOne Parent Holdings, Inc. (AccessOne), expanding its addressable market for healthcare payments and offering healthcare providers a payment card that accelerates cash flow. Phreesia generates revenue from three streams: subscription and related services; payment solutions, which include payment processing fees and financing fees; and Network Solutions, which allows life sciences companies and other organizations to deliver engagement to patients and providers using Phreesia's solutions. Revenue is primarily derived from recurring subscription fees and re-occurring payment processing and financing fees. Subscription and related services revenue is consistent throughout the fiscal year, while payment solutions revenue is typically higher during the first two to three months of the calendar year due to patient deductibles resetting.