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Corporation
INTERNET | Internet Software & Services / Healthcare
phreesia.com

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Founded Year

2005

Stage

Loan | IPO

Total Raised

$116.35M

Market Cap

2.93B

Stock Price

54.17

About Phreesia

Phreesia gives healthcare organizations a suite of applications to manage the patient intake process. Its SaaS platform engages patients in their care and provides a modern, consistent experience, while enabling healthcare organizations to optimize their staffing, boost profitability and enhance clinical care.

Phreesia Headquarter Location

432 Park Ave S 12th Floor

New York, New York, 10016,

United States

888-654-7473

Latest Phreesia News

The key to reducing no-shows: Empower your patients

Dec 1, 2021

Adam Rubenfire, Phreesia Medical practices and health systems everywhere struggle with no-shows. When patients don’t attend their appointments, care suffers—and so does the organization’s bottom line. As many as 30% of patients may not show up for their appointments, creating major gaps in their care. When providers’ schedules aren’t kept full, the effects can ripple through the entire organization. In the U.S. alone, no-shows cost the healthcare industry billions of dollars each year, between lost revenue and patient attrition. But there is a better way: Engage patients before and after their visit (or no-show) by modernizing your appointment-scheduling strategy. Positive, consistent patient engagement minimizes no-shows because patients are more likely to show for appointments when they feel respected and valued while receiving care. Here are five ways you can reduce no-shows at your organization and give patients the digital-first experience they expect. Empower patients by letting them schedule their own appointments Many healthcare organizations still schedule all of their patient appointments by phone. Appointment call centers can become overwhelmed in the process, leading to long hold times and a poor overall patient experience. Online self-scheduling is a tech-enabled alternative that makes booking an appointment easy and convenient. Allowing patients to self-schedule not only minimizes no-shows but also reduces the administrative burden on staff. This means patients can spend less time on hold if they do need to call their provider’s office, ultimately improving overall patient satisfaction, according to research published in the Journal of Medical Internet Research. Reduce no-shows through automated appointment reminders Appointment reminders are critical to reducing no-shows — one study found that when parents of pediatric patients received a text message in addition to a phone call reminder, no-shows dropped by more than 14%. However, manually messaging or calling patients can be a huge burden on staff. When you automate appointment reminders , you ensure that patients receive consistent outreach — and you free up your staff for more complex tasks. Reminding patients about upcoming appointments through text messages or email also helps you meet their growing expectations for tech-enabled healthcare services, with the added benefit of improving your organization’s efficiency. Convert upcoming visits to telehealth to prevent missed appointments While high no-show rates for in-person care are concerning for patient outcomes, as well as your bottom line, data shows that virtual visits have the potential to provide relief. A 2020 study in Telemedicine and e-Health found that telehealth visits have a no-show rate of just 7.5%, four times lower than the average in-office no-show rate prior to the pandemic. That difference increased even more during the pandemic, according to the study. When sending appointment reminders or responding to cancellations, offer a telehealth visit if a patient says he or she can’t make it to the office. Providing a virtual-appointment alternative not only helps that patient get needed care, it ensures retained revenue for that patient’s visit. Automate the waitlist process to quickly refill canceled appointments You can’t prevent all no-shows or last-minute cancellations, but you can respond to them more efficiently. Staff may spend hours each day calling patients to fill cancellations, but automation can accomplish that task in a matter of minutes without requiring any staff effort. An automated schedule-management tool can turn cancellations into opportunities. When a patient cancels a visit, the tool identifies other clinically relevant patients with upcoming appointments and automatically sends them a text message offering the earlier, reopened appointment slot. The first patient to reply gets that appointment—no waitlist sign-ups, apps, portals or staff work required. Keep patients engaged with prompt follow-up after they cancel or fail to show for an appointment Follow-up after a cancellation or no-show is important, not only for patient retention but also to ensure that essential medical needs are addressed before they get worse. Following up within 24 hours of a missed appointment can keep patients engaged in their care. Technology and templated messaging can help automate this process and prompt patients to reschedule promptly by offering upcoming timeslots for self-scheduling or allowing the patient to make an appointment request with a quick click. Reducing no-shows is possible when patients are empowered with the right tools. That’s why it’s so important for provider organizations to put innovative technology in the hands of patients—before, during and after their visit—so that they can take an active role in their own care. Learn how Phreesia can help streamline the appointment process and help providers avoid empty timeslots. Sponsored by Phreesia gives healthcare organizations a suite of applications to manage the patient intake process. Our innovative SaaS platform engages patients and provides a modern, consistent experience, while enabling our clients to maximize profitability, optimize their staffing and enhance clinical care. Sponsored Content Get Newsletters Sign up for enewsletters and alerts to receive breaking news and in-depth coverage of healthcare events and trends, as they happen, right to your inbox. Email Address Subscribe Today MH magazine offers content that sheds light on healthcare leaders’ complex choices and touch points—from strategy, governance, leadership development and finance to operations, clinical care, and marketing.

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Expert Collections containing Phreesia

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Phreesia is included in 4 Expert Collections, including Conference Exhibitors.

C

Conference Exhibitors

5,501 items

HLTH is a healthcare event bringing together startups and large companies from pharma, health insurance, business intelligence, and more to discuss the shifting landscape of healthcare

H

Health IT

1,297 items

Companies partnering with healthcare stakeholders to improve operational efficiency across payment, supply chain, data mgmt, and more.

D

Digital Health

11,293 items

Technologies, platforms, and systems that engage consumers for lifestyle, wellness, or health-related purposes; capture, store, or transmit health data; and/or support life science and clinical operations. (DiME, DTA, HealthXL, & NODE.Health)

T

Telehealth

2,708 items

Companies developing, offering, or using electronic and telecommunication technologies to facilitate the delivery of health & wellness services from a distance. *Columns updated as regularly as possible; priority given to companies with the most and/or most recent funding.

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