Tebra Explained

Tebra
Industry:Healthcare software
Founded:November 2021
Hq Location:Newport Beach, California
Key People:Dan Rodrigues — CEO and Co-founder,Travis Schneider — Co-founder,Luke Kervin — Co-founder

Tebra is an American company that develops healthcare software.[1] [2] As of 2023, the company supports more than 150,000 healthcare providers covering approximately 123 million patients in the United States.[3] In 2022, the company reached unicorn status with a valuation of over $1 billion.[1] [3] [4]

History

Tebra was founded in November 2021 in California when Kareo and PatientPop, clinical, financial, and practice growth technology companies, merged.[1] [4] It was established by Dan Rodrigues, Travis Schneider, and Luke Kervin.[3] [1] [5] [6]

On November 6, 2021, Tebra completed a Series A funding round, with Golub Capital serving as the lead investor, and raised $65 million. The startup's other investors include Commonfund, HLM Venture Partners, OpenView, StepStone Group, Stripes Group, Montreux Equity Partners, Toba Capital, Transformation Capital, and Vivo Capital.[3]

On July 6, 2022, Tebra completed a Series B funding round led by Golub Capital, which raised $72 million. The company reached evaluation of more than $1 billion.[3] [4] [1] [7] [8]

In 2022, Tebra was named a top workplace by The Orange County Register.[9]

Tebra was named on 2023 list of top healthcare technology companies by the Healthcare Technology Report.[10]

Tebra is headquartered in Newport Beach, California. It also has an office in Santa Monica, California. In February 2023, Tebra announced the opening of another one in Costa Rica.[11]

Early history (Kareo)

In 2004, Dan Rodrigues founded Kareo and opened its first office in Irvine, California.[12] [13] Kareo was a cloud-based technology platform including clinical and financial solutions for independent healthcare providers. The Kareo platform helped providers find more patients, manage patient care with a fully certified and easy-to-use EHR, and get paid quickly within a unified solution.[14] [15] [16] In 2018, Kareo expanded its offices to include San Diego. In 2019, Kareo processed $25 billion in insurance claims.[17]

Early history (PatientPop)

In 2014, Luke Kervin and Travis Schneider co-founded PatientPop.

Products & services

Tebra is a comprehensive digital healthcare platform. It offers a practice operations platform that includes an electronic health record solution and billing and payments management. It also provides patient experience enhancements, like an online portal and telehealth services, and marketing services to support practice growth. The platform features analytics on practice growth and revenue, data cloud services, and API integration. It includes robotic process automation (RPA) to streamline operations and deliver modern conveniences to providers and patients.[18] [19] [20] [21]

Staff

Staff at Tebra include:

The Intake

In August 2023, Tebra launched The Intake, a daily news and information publication about the business of running an independent healthcare practice.[22] [23] [24]

Notes and References

  1. Web site: Tebra Raises $72M to Modernize Independent Healthcare Practices Built In LA . 2023-09-11 . www.builtinla.com . en.
  2. Web site: Landi . Heather . 2022 . Practice management software company Tebra nabs $72M to fuel market expansion, R&D . 5 September 2023 . fiercehealthcare.com.
  3. Web site: Torrence . Rebecca . See the 23-slide presentation Tebra used to raise $72 million to grow the digital-health startup and prepare for an IPO . 2023-09-11 . Business Insider . en-US.
  4. Web site: EVCS Raised $68.8M, Tebra Got $72M, and More LA Tech News Built In LA . 2023-09-11 . www.builtinla.com . en.
  5. Web site: At Tebra, Developing and Empowering Employees Is a Top Priority Built In LA . 2023-09-11 . www.builtinla.com . en.
  6. Web site: Shu . Catherine . 2022-07-07 . Tebra, an operating system for independent healthcare providers, hits unicorn status . 2023-09-11 . TechCrunch . en-US.
  7. Web site: Adams . Katie . 2022-07-11 . Tebra raises $72M to scale its operating system for independent practices . 2023-09-11 . MedCity News . en-US.
  8. Web site: Torrence . Rebecca . Here are the 16 healthcare companies to hit $1 billion valuations this year as the market stumbles . 2023-09-11 . Business Insider . en-US.
  9. Web site: 2022-12-09 . Top Workplaces 2022: See all 169 Orange County company winners . 2023-09-11 . Orange County Register . en-US.
  10. Web site: jirehl . 2023-01-24 . The Power 500 Healthcare Technology Companies of 2023 The Healthcare Technology Report. . 2023-09-11 . en-US.
  11. Web site: Tebra announces opening of new Costa Rica Office . 2023-09-11 . cinde.org.
  12. Web site: 2018-03-01 . Uber ex-CEO Travis Kalanick joins Irvine medical software start-up's board . 2023-10-09 . Los Angeles Times . en-US.
  13. News: 2021-11-02 . Kalanick-Backed Startup Kareo to Merge With Health-Care IT Firm . en . Bloomberg.com . 2023-10-09.
  14. Web site: 2022-09-30 . PatientPop, Kareo Merge to Create Tebra - Los Angeles Business Journal . 2023-10-09 . https://web.archive.org/web/20220930125120/https://labusinessjournal.com/technology/patientpop-kareo-merge-create-tebra/ . 2022-09-30 .
  15. Shryock . Todd . 2021-11-02 . Kareo and PatientPop merge to focus on modernizing health care practices . Medical Economics December 2021 . en . 98.
  16. Web site: 2018-03-01 . Uber ex-CEO Travis Kalanick joins Irvine medical software start-up's board . 2023-10-09 . Los Angeles Times . en-US.
  17. Web site: Torrence . Rebecca . See the 23-slide presentation Tebra used to raise $72 million to grow the digital-health startup and prepare for an IPO . 2023-10-09 . Business Insider . en-US.
  18. Web site: Shu . Catherine . 2022-07-07 . Tebra, an operating system for independent healthcare providers, hits unicorn status . 2023-10-09 . TechCrunch . en-US.
  19. Web site: Torrence . Rebecca . See the 23-slide presentation Tebra used to raise $72 million to grow the digital-health startup and prepare for an IPO . 2023-10-09 . Business Insider . en-US.
  20. Web site: EVCS Raised $68.8M, Tebra Got $72M, and More LA Tech News Built In LA . 2023-10-09 . www.builtinla.com . en.
  21. Web site: Adams . Katie . 2022-07-11 . Tebra raises $72M to scale its operating system for independent practices . 2023-10-09 . MedCity News . en-US.
  22. Web site: Homepage . 2023-09-11 . www.tebra.com . en.
  23. Web site: ABarron@siadvance.com . Ann Marie Barron . 2023-06-26 . Gen Z most likely to self-diagnose using social media. But is it good for their health? . 2023-09-11 . silive . en.
  24. Web site: Sherry . Ben . 2023 . How A.I. Could Help Medical Professionals Spend Less Time on Admin Work' and More Time on Care . 5 September 2023 . inc.com.

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