New York City-based Phreesia, which offers a tablet-based patient check-in and payment service to healthcare providers, has raised $30 million in funding led by private equity firm LLR Partners. The company says it plans to use the investment to accelerate product development and broaden its customer base around the US. Return backers HLM Venture Partners and Ascension Ventures also contributed to the round. Phreesia’s other previous investors include BlueCross BlueShield Venture Partners, Long River Ventures, Sandbox Industries, VantagePoint Venture Partners and Polaris Partners. The latest investment round takes Phreesia’s total, publicly-disclosed funding up to about $60 million.
When patients visit a practice that uses Phreesia’s technology they are handed a tablet device enclosed in a bright orange case. Patients then use this tablet to check-in, pay co-pays or other outstanding balances, fill out surveys from their provider, and sign consent forms. The company has EHR and practice management integrations with offerings from companies including athenahealth, GE Healthcare, Allscripts, and NextGen Healthcare. Keep reading>>