WebPT offers an end-to-end rehab-therapy SaaS suite covering billing, practice management, and evidence-based clinical care to help clinics run more efficient practices and improve patient outcomes. The company reports 85,000 customers at more than 15,000 clinics, a headcount that has grown to more than 400 from under 150, a 99% retention rate, and platform uptime in excess of 99.9%. Since Battery Ventures’ 2014 investment, WebPT completed four acquisitions and recruited key executives, including CEO Nancy Ham in 2016. The business has been named to the Inc. 5000 list for seven consecutive years and is positioned to capture demand in the projected $35 billion rehab therapy market. WebPT frames its growth opportunity around an aging and active U.S. population and clinical trends that favor physical therapy as a way to reduce opioid exposure. Management says the company’s mission is to expand access to rehab therapy and scale to help more patients. WebPT provides a web-based EMR platform for physical therapists, occupational therapists, and speech-language pathologists, offering compliant documentation, intelligent business reporting, interactive scheduling, and integrated billing. The company says its technology has been adopted by more than 35,000 therapists and 6,000 clinics across the US and Canada. WebPT has consistently increased revenue and continued to gain market share, and was named to the Inc. 500 list of fastest-growing companies. Founders Brad and Heidi Jannenga remain in key leadership roles, with Brad leading technology and Heidi guiding product strategy. The company plans to use new capital to accelerate growth and continue innovating in the physical therapy space. WebPT is headquartered in the historic Warehouse District in downtown Phoenix. WebPT develops an online electronic medical records (EMR) system aimed at physical therapists. The product is designed to be more affordable, mobile, and intuitive for clinic users. The company is currently used by more than 5,000 therapists. WebPT recently closed a $1M Series A private equity round to fund expansion. It plans to use the funds to grow product development, sales and marketing teams and to build out infrastructure, and expects to announce new features and key product integrations in the coming months. Founded in 2008 by Heidi and Brad Jannenga and led by CEO Paul Winandy, the company is based in Phoenix, Arizona.

Total raised

$1M

Funding rounds

3

Latest round

Series A

Latest activity

Dec 2010