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Tebra Secures More Than $72 Million at Over $1 Billion Valuation to Expand Digital Healthcare Technology Platform

Tebra | July 08, 2022 | Read time : 3 min

Tebra Secures

Tebra, the digital backbone for independent healthcare practices, announced that it has closed more than $72 million in funding at a valuation greater than $1 billion. Golub Capital led the investment which includes both growth equity and debt financing. Late last year, Kareo and PatientPop, cloud-based leaders in clinical, financial, and practice growth technology, joined forces to form Tebra to support the connected independent practice of the future and modernize patient care. This capital infusion will accelerate Tebra’s merger plans including expanding market share, developing and launching the combined product line and advancing the new branding for the company. Tebra supports over 100,000 providers who are delivering care to more than 90 million patients in the U.S.

A New Era of Healthcare

Consumers expect digital access, simplicity and convenience in all aspects of their lives. You can quickly research and order a meal online, hail a ride, and buy a car from your smartphone. Meanwhile, healthcare has been left behind in a sea of complexity and fractured solutions. Tebra is simplifying and modernizing this experience through a platform of tools built for the new era of healthcare. The platform connects patients to the best providers in seconds and delivers a modern, digital-first patient experience.

Tebra is the Digital Backbone for the Connected Healthcare Practice

Tebra provides independent healthcare practices with a complete operating system for practice success. Built through the combination of Kareo and PatientPop, the offering includes modern websites, messaging and scheduling, telehealth, EHR, care delivery, practice management, billing, payments, and analytics. Since the companies merged in late 2021, the company has successfully built and launched a two-way product integration that allows both platforms to share scheduling information and physician availability. The integrated solution also reviews appointment information and sends out surveys for better reputation management. Over 800 providers now use the combined operating system, and the company plans to grow significantly both into their existing base and the healthcare industry at large.

“With this new investment from Golub Capital, we’ll be able to accelerate Tebra’s mission to unlock better healthcare by helping independent practices bring modernized care to patients everywhere. Simultaneously, we will broaden our market reach and launch new solutions, helping an even larger number of physicians with digital tools and support to attract new patients, get paid quicker, and operate their practice more efficiently.”

Dan Rodrigues, Co-Founder and CEO of Tebra

From practice growth technology to clinical and financial software, Tebra’s complete operating system is structured to modernize every step of the patient journey and support the connected practice of the future. Headquartered in Southern California, the company currently has over 1,000 employees.

Golub Capital’s Late Stage Lending team was administrative agent and led the investment. Golub Capital also supported the 2021 merger with $65 million in growth funding, bringing its total commitment in the last year to more than $137 million.

“We are delighted to be a long-standing financing partner to Tebra, supporting them through multiple growth phases, add-on acquisitions and new product development since 2017,” said Peter Fair, Managing Director at Golub Capital’s Late Stage Lending team. “Our mission is the success of our clients and being able to offer flexible solutions that meet the changing goals of their business.”

Golub Capital is one of Tebra’s top-tier institutional investors, which also includes CommonFund, HLM Venture Partners, OpenView Venture Partners, StepStone Group, Stripes Group, Montreux Equity Partners, Toba Capital, Transformation Capital and Vivo Capital.

About Tebra

In 2021, with a combined mission to unlock better healthcare, Kareo and PatientPop joined forces to form Tebra — the operating system for the connected practice of the future. With an all-in-one, purpose-built platform to drive practice success and modernize every step of the patient journey, Tebra provides digital tools and support to attract new patients, deliver modern care, get paid quickly, and operate efficiently. Tebra’s all-in-one platform includes a fully certified Electronic Health Record (EHR), scheduling, insurance billing, patient payments, telehealth and more. 

About Golub Capital Late Stage Lending

Golub Capital is a market-leading, award-winning direct lender and experienced credit asset manager. The firm’s Late Stage Lending group provides flexible growth capital to venture-backed, late stage SaaS companies. Our custom financing solutions are designed to help proven SaaS businesses accelerate sales growth, drive new product development, pursue strategic acquisitions and provide shareholder liquidity.

As of April 1, 2022, Golub Capital had over 620 employees and over $50 billion of capital under management, a gross measure of invested capital including leverage. The firm has lending offices in Chicago, New York, San Francisco and London. 

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Clinical AI Pioneer Aidoc Partners with Ochsner Health to Transform Healthcare Delivery

PRNewswire | June 30, 2023

Aido announced a transformative partnership with Ochsner Health, a large healthcare system headquartered in New Orleans, operating 46 hospitals and more than 370 health and urgent care centers across the Gulf South. This partnership unites the clinical excellence of Ochsner with the power of Aidoc's advanced AI solutions, creating an alliance that advances the way healthcare is delivered, experienced and optimized across Louisiana and the Gulf South region. Ochsner has a proven track record as a leading adopter of emerging technologies and was an early adopter of integrating AI into patient care workflows. With the addition of Aidoc's clinical AI solutions and enterprise-wide AI platform, aiOS™, Ochsner is further empowering healthcare professionals and improving patient outcomes. "In the ever-evolving healthcare landscape, our teams at Ochsner Health are dedicated to harnessing emerging technologies to achieve our goals. We seek to leverage new technologies to deliver optimal outcomes without disrupting existing care processes," says Denise Basow, MD, Executive Vice President and Chief Digital Officer at Ochsner. "Aidoc possesses a deep understanding of the crucial challenges in implementing new technologies and have a proven track record of real-world impact that drives improved patient outcomes." Driven by a shared vision of advancing patient care, this partnership seeks to leverage emerging AI technology to drive tangible improvements across the healthcare landscape. Key objectives of this collaboration include Elevating Patient Care: Ochsner aims to further enhance patient outcomes by harnessing enterprise-wide AI solutions that can ensure it delivers the highest quality of care and patient safety in all communities it serves. Empowering Clinical Teams: The partnership is dedicated to supporting clinical teams by equipping them with advanced tools that alleviate stress and address burnout through automation and streamlined communication. Ochsner and Aidoc strive to enhance the capabilities of clinicians by supporting their decision-making processes. Pioneering Solutions: As leaders in the digital health landscape, Ochsner and Aidoc are committed to pushing the boundaries of innovation. Together, both organizations will actively explore new solutions that address industry needs and challenges, setting a new standard for healthcare excellence benefiting patients in the Gulf South and beyond. Advancing the Quadruple Aim: With a focus on improving patient outcomes, enhancing provider experiences, reducing costs and advancing population health, the partnership aligns closely with the quadruple aim in healthcare. With AI and digital health technologies, Ochsner continues its focus on creating a sustainable healthcare ecosystem that delivers value for all stakeholders. "Embracing innovation is not just a choice but a responsibility, especially when it comes to patient care," stated Louis Jeansonne, MD, Chief Medical Information Officer at Ochsner. "By integrating AI into our clinical workflows, and leveraging the data within our EHR, we empower our team and pave the way for advancements that directly impact patient outcomes. This collaboration with Aidoc underscores our commitment to embracing cutting-edge technologies that have the power to reshape the healthcare landscape and provide better care to our patients." Ochsner's enterprise agreement with Aidoc includes imaging AI algorithms that identify various suspected acute abnormalities in patient scans and enable cross-specialty teams to triage and coordinate care efficiently. Additionally, the agreement leverages Aidoc's proprietary aiOS™, a first-of-its-kind solution, helping facilities overcome challenges common to AI implementation, including integration with existing IT systems, the EHR, data management and reporting, while being flexible enough to grow and scale as patient care needs evolve. There is growing recognition from health systems that an enterprise-wide AI platform that runs effectively in any clinical setting and activates numerous AI applications at once can provide better outcomes – both clinical and financial – than a single, pathology-based AI algorithm. "Ochsner Health's unwavering dedication to innovation and trailblazing spirit is inspiring and is a testament to their continued pursuit of excellence," commented Elad Walach, CEO at Aidoc. "Our partnership is yet another proof point of how they embrace technology for true impact at the patient bedside. As we collaborate to integrate our enterprise-wide AI solutions, we are confident that our collective efforts will not only accelerate Ochsner's goals but also redefine the possibilities of patient care. Together, we will leverage the power of AI to drive transformative outcomes." About Aidoc Aidoc is a pioneering force in clinical AI. We focus on aiding and empowering healthcare teams to optimize patient treatment, which results in improved economic value and clinical outcomes. Our clinically proven AI solutions eliminate silos, increase efficiencies and improve outcomes by delivering critical information when and where care teams need it leading to immediate collective action. Built on Aidoc's exclusive aiOS™, we analyze and aggregate medical data to enable care teams to operationalize the unexpected and work seamlessly with a continued focus on the patient. Used in more than 1,000 medical centers worldwide, Aidoc has the most FDA clearances (13) in clinical AI and its AI-based solutions cover 75 percent of patient populations, enabling physicians to make informed decisions based on real-time data. Aidoc AI is always on, running in the background to change the foreground. Visit Aidoc.com to see how we are connecting all points of care with always on AI. About Ochsner Health Ochsner Health is an integrated healthcare system with a mission to Serve, Heal, Lead, Educate and Innovate. Celebrating more than 80 years of service, it leads nationally in cancer care, cardiology, neurosciences, liver and kidney transplants and pediatrics, among other areas. Ochsner is consistently named both the top hospital and top children's hospital in Louisiana by U.S. News & World Report. The not-for-profit organization is inspiring healthier lives and stronger communities through its Healthy State by 2030 initiative, a bold and collaborative plan to realize a healthier Louisiana. Its focus is on preventing diseases and providing patient-centered care that is accessible, affordable, convenient and effective. Ochsner Health pioneers new treatments, deploys emerging technologies and performs groundbreaking research, including 4,000 patients enrolled in 685 clinical studies in 2022. It has more than 37,000 employees and over 4,700 employed and affiliated physicians in over 90 medical specialties and subspecialties. It operates 46 hospitals and more than 370 health and urgent care centers across Louisiana, Mississippi, Alabama and the Gulf South; and its cutting-edge Connected Health digital medicine program is caring for patients beyond its walls. In 2022, Ochsner Health treated more than 1.4 million people from every state and 62 countries.

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Iron Bow Healthcare Solutions Launches Remote Patient Monitoring Solution

businesswire | August 28, 2023

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Presidium Health Deploys Health Gorilla to Access Patient Data in a Direct-To-Home Healthcare Solution

Globenewswire | July 27, 2023

Health Gorilla, a leading Health Information Network and interoperability provider, is pleased to announce that Presidium Health, the leading mobile healthcare company for medically complex patients, has successfully deployed its EHR data retrieval solution to power complex home care services. Founded in 2017, Presidium Health provides home-based, whole-person care to the top 1 percent of the most medically and socially complex Medicaid and Medicare beneficiaries. With plans to expand their value-based services nationwide, Presidium successfully deployed their care delivery platform with Health Gorilla’s Patient360 API, which provides access to comprehensive patient data from a nationwide network of sources. In their search for a data exchange vendor, Presidium Health considered several potential options, including data integration vendors or connecting with health information exchanges directly. Presidium selected Health Gorilla for three main reasons Direct connections into multiple national exchanges (instead of using bridge connections). Leverage of modern standards such as FHIR. Seamless API integration experience and synchronized patient registration. Presidium is also making use of Health Gorilla’s intuitive user interface (UI), which synchronizes patient registration with their own system. Additionally, Health Gorilla’s document filtering capabilities have become instrumental in removing redundancy and streamlining information for physicians. “Organized patient data helps us bring whole-person healthcare to our patients 24/7, 365 days a year, wherever they call home,” says Laurent Bortolamiol, Vice President of Technology, Presidium Health. “Health Gorilla’s Patient360 is the solution we have been looking for, enabling the real-time retrieval of comprehensive data on our patients.” Health Gorilla’s dedicated support team has also been a key asset in this successful collaboration, offering continuous assistance and multiple sandbox environments that match Presidium’s development, testing, demo, and production requirements. “Presidium Health is dedicated to improving patient care and driving healthcare innovation,” says Steve Yaskin, CEO, Health Gorilla. “With Health Gorilla, Presidium’s providers can access patient records, making it possible for them to deliver care in the comfort of a patient’s home. We are honored to be part of their transformative journey.” The partnership between Presidium Health and Health Gorilla marks a significant step forward in leveraging nationwide health information exchange to deliver better patient care. Health Gorilla is proud to contribute to Presidium Health’s mission of serving complex patients across the country with efficiency and compassion. About Health Gorilla Health Gorilla is a secure health data sharing platform, powering national health information exchange while protecting patient data privacy and security. Health Gorilla provides access to the broadest network of real-time healthcare data sources in the U.S., making it easy for authorized users to get a complete view of their patients. Through our collaborations with healthcare providers, insurers, and government organizations, we play a vital role in improving health outcomes, reducing administrative inefficiencies, and unlocking new business models. Health Gorilla is also one of the applicants accepted for onboarding as a candidate Qualified Health Information Network and must successfully complete testing and onboarding before official designation as a QHIN. Our platform hosts innovative privacy technologies designed to safeguard health data and protect patient privacy.s/sigma-lithium-ships-30-000-tonnes-of-battery-grade-lithium-and-by-products-achieves-net-zero-carbon-operating-profitability-and-premium-pricing-301885762.html

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PRNewswire | June 30, 2023

Aido announced a transformative partnership with Ochsner Health, a large healthcare system headquartered in New Orleans, operating 46 hospitals and more than 370 health and urgent care centers across the Gulf South. This partnership unites the clinical excellence of Ochsner with the power of Aidoc's advanced AI solutions, creating an alliance that advances the way healthcare is delivered, experienced and optimized across Louisiana and the Gulf South region. Ochsner has a proven track record as a leading adopter of emerging technologies and was an early adopter of integrating AI into patient care workflows. With the addition of Aidoc's clinical AI solutions and enterprise-wide AI platform, aiOS™, Ochsner is further empowering healthcare professionals and improving patient outcomes. "In the ever-evolving healthcare landscape, our teams at Ochsner Health are dedicated to harnessing emerging technologies to achieve our goals. 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Empowering Clinical Teams: The partnership is dedicated to supporting clinical teams by equipping them with advanced tools that alleviate stress and address burnout through automation and streamlined communication. Ochsner and Aidoc strive to enhance the capabilities of clinicians by supporting their decision-making processes. Pioneering Solutions: As leaders in the digital health landscape, Ochsner and Aidoc are committed to pushing the boundaries of innovation. Together, both organizations will actively explore new solutions that address industry needs and challenges, setting a new standard for healthcare excellence benefiting patients in the Gulf South and beyond. Advancing the Quadruple Aim: With a focus on improving patient outcomes, enhancing provider experiences, reducing costs and advancing population health, the partnership aligns closely with the quadruple aim in healthcare. With AI and digital health technologies, Ochsner continues its focus on creating a sustainable healthcare ecosystem that delivers value for all stakeholders. "Embracing innovation is not just a choice but a responsibility, especially when it comes to patient care," stated Louis Jeansonne, MD, Chief Medical Information Officer at Ochsner. "By integrating AI into our clinical workflows, and leveraging the data within our EHR, we empower our team and pave the way for advancements that directly impact patient outcomes. This collaboration with Aidoc underscores our commitment to embracing cutting-edge technologies that have the power to reshape the healthcare landscape and provide better care to our patients." Ochsner's enterprise agreement with Aidoc includes imaging AI algorithms that identify various suspected acute abnormalities in patient scans and enable cross-specialty teams to triage and coordinate care efficiently. Additionally, the agreement leverages Aidoc's proprietary aiOS™, a first-of-its-kind solution, helping facilities overcome challenges common to AI implementation, including integration with existing IT systems, the EHR, data management and reporting, while being flexible enough to grow and scale as patient care needs evolve. There is growing recognition from health systems that an enterprise-wide AI platform that runs effectively in any clinical setting and activates numerous AI applications at once can provide better outcomes – both clinical and financial – than a single, pathology-based AI algorithm. "Ochsner Health's unwavering dedication to innovation and trailblazing spirit is inspiring and is a testament to their continued pursuit of excellence," commented Elad Walach, CEO at Aidoc. "Our partnership is yet another proof point of how they embrace technology for true impact at the patient bedside. As we collaborate to integrate our enterprise-wide AI solutions, we are confident that our collective efforts will not only accelerate Ochsner's goals but also redefine the possibilities of patient care. Together, we will leverage the power of AI to drive transformative outcomes." About Aidoc Aidoc is a pioneering force in clinical AI. We focus on aiding and empowering healthcare teams to optimize patient treatment, which results in improved economic value and clinical outcomes. Our clinically proven AI solutions eliminate silos, increase efficiencies and improve outcomes by delivering critical information when and where care teams need it leading to immediate collective action. Built on Aidoc's exclusive aiOS™, we analyze and aggregate medical data to enable care teams to operationalize the unexpected and work seamlessly with a continued focus on the patient. Used in more than 1,000 medical centers worldwide, Aidoc has the most FDA clearances (13) in clinical AI and its AI-based solutions cover 75 percent of patient populations, enabling physicians to make informed decisions based on real-time data. Aidoc AI is always on, running in the background to change the foreground. Visit Aidoc.com to see how we are connecting all points of care with always on AI. About Ochsner Health Ochsner Health is an integrated healthcare system with a mission to Serve, Heal, Lead, Educate and Innovate. Celebrating more than 80 years of service, it leads nationally in cancer care, cardiology, neurosciences, liver and kidney transplants and pediatrics, among other areas. Ochsner is consistently named both the top hospital and top children's hospital in Louisiana by U.S. News & World Report. The not-for-profit organization is inspiring healthier lives and stronger communities through its Healthy State by 2030 initiative, a bold and collaborative plan to realize a healthier Louisiana. Its focus is on preventing diseases and providing patient-centered care that is accessible, affordable, convenient and effective. Ochsner Health pioneers new treatments, deploys emerging technologies and performs groundbreaking research, including 4,000 patients enrolled in 685 clinical studies in 2022. It has more than 37,000 employees and over 4,700 employed and affiliated physicians in over 90 medical specialties and subspecialties. It operates 46 hospitals and more than 370 health and urgent care centers across Louisiana, Mississippi, Alabama and the Gulf South; and its cutting-edge Connected Health digital medicine program is caring for patients beyond its walls. In 2022, Ochsner Health treated more than 1.4 million people from every state and 62 countries.

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Iron Bow Healthcare Solutions Launches Remote Patient Monitoring Solution

businesswire | August 28, 2023

Iron Bow Healthcare Solutions, the leading technology solutions provider to government, commercial, and healthcare markets, today announces the general availability of Remote Patient Monitoring, powered by Carium. Remote Patient Monitoring (RPM) is a comprehensive solution for digital healthcare, layering inbound and outbound support services, device procurement and logistics, clinical adoption services, and integration options to other digital healthcare services for an end-to-end RPM solution. The solution’s core is powered by Carium, a comprehensive, configurable platform that powers a complete virtual care ecosystem connecting care teams to the people that they serve. “The benefits of RPM are extensive, ranging from improved care, to better patient/provider relationships, to reduced patient expenses,” said Bill Saltenberger, General Manager, Iron Bow Healthcare Solutions. “Our RPM solutions create a one-stop-shop that enables both healthcare providers and patients to improve efficiency, engagement, preserve resources and, ultimately, support better health outcomes.” The key features of Iron Bow’s RPM solution include Advanced medical devices State-of-the-art home medical devices and sensors are capable of tracking vital signs, activity levels, medication adherence, and other relevant health parameters. Real-time data monitoring Collected health data is securely transmitted to a cloud-based platform, where it is analyzed in real-time using powerful algorithms and AI to enable proactive and timely interventions. Patient empowerment Patients have the freedom and empowerment to self-manage their condition with peace of mind that certified caregivers are providing oversight and appropriate intervention when needed. Personalized care plans Based on the gathered information, our system generates data-driven, personalized care plans tailored to each patient's specific needs. Seamless communication Engagement and communication between patients and healthcare providers is seamless through secure messaging systems and virtual consultations. Improved patient outcomes By enabling continuous monitoring and timely interventions, the solution can reduce hospital readmissions, enhance medication adherence, and optimize chronic disease management. “The traditional healthcare delivery model is based on episodic, in-person visits to a medical facility. However, what happens between visits can have a profound impact on achieving health and wellness goals,” said Angie Stevens, Chief Strategy Officer, Healthcare, Iron Bow Healthcare Solutions. “The emerging model of healthcare delivery embraces a hybrid approach that covers what happens between visits, which includes RPM. Through virtual care delivery, health teams can have better data and communication to inform evidence-based, clinical decision-making and these outcomes were the impetus and drive behind the launch of RPM.” About Iron Bow Healthcare Solutions Iron Bow Healthcare Solutions is at the forefront of digital health transformation and continues to develop, implement, manage, manufacture, and support solutions across the care continuum. Our extensive industry and clinical workflow knowledge combined with technology expertise empower clients to deliver enhanced patient outcomes. We partner closely with our clients from consulting to implementation so they can provide patients with better access to care. About Carium Carium is a Care Experience Platform (CXP) delivering the next generation of advanced virtual care technology. Within one, complete technology ecosystem, the end-to-end care journey – no matter how complex – is person-centric, proactive, and efficient for care teams and the people they serve.

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Presidium Health Deploys Health Gorilla to Access Patient Data in a Direct-To-Home Healthcare Solution

Globenewswire | July 27, 2023

Health Gorilla, a leading Health Information Network and interoperability provider, is pleased to announce that Presidium Health, the leading mobile healthcare company for medically complex patients, has successfully deployed its EHR data retrieval solution to power complex home care services. Founded in 2017, Presidium Health provides home-based, whole-person care to the top 1 percent of the most medically and socially complex Medicaid and Medicare beneficiaries. With plans to expand their value-based services nationwide, Presidium successfully deployed their care delivery platform with Health Gorilla’s Patient360 API, which provides access to comprehensive patient data from a nationwide network of sources. In their search for a data exchange vendor, Presidium Health considered several potential options, including data integration vendors or connecting with health information exchanges directly. Presidium selected Health Gorilla for three main reasons Direct connections into multiple national exchanges (instead of using bridge connections). Leverage of modern standards such as FHIR. Seamless API integration experience and synchronized patient registration. Presidium is also making use of Health Gorilla’s intuitive user interface (UI), which synchronizes patient registration with their own system. Additionally, Health Gorilla’s document filtering capabilities have become instrumental in removing redundancy and streamlining information for physicians. “Organized patient data helps us bring whole-person healthcare to our patients 24/7, 365 days a year, wherever they call home,” says Laurent Bortolamiol, Vice President of Technology, Presidium Health. “Health Gorilla’s Patient360 is the solution we have been looking for, enabling the real-time retrieval of comprehensive data on our patients.” Health Gorilla’s dedicated support team has also been a key asset in this successful collaboration, offering continuous assistance and multiple sandbox environments that match Presidium’s development, testing, demo, and production requirements. “Presidium Health is dedicated to improving patient care and driving healthcare innovation,” says Steve Yaskin, CEO, Health Gorilla. “With Health Gorilla, Presidium’s providers can access patient records, making it possible for them to deliver care in the comfort of a patient’s home. We are honored to be part of their transformative journey.” The partnership between Presidium Health and Health Gorilla marks a significant step forward in leveraging nationwide health information exchange to deliver better patient care. Health Gorilla is proud to contribute to Presidium Health’s mission of serving complex patients across the country with efficiency and compassion. About Health Gorilla Health Gorilla is a secure health data sharing platform, powering national health information exchange while protecting patient data privacy and security. Health Gorilla provides access to the broadest network of real-time healthcare data sources in the U.S., making it easy for authorized users to get a complete view of their patients. Through our collaborations with healthcare providers, insurers, and government organizations, we play a vital role in improving health outcomes, reducing administrative inefficiencies, and unlocking new business models. Health Gorilla is also one of the applicants accepted for onboarding as a candidate Qualified Health Information Network and must successfully complete testing and onboarding before official designation as a QHIN. Our platform hosts innovative privacy technologies designed to safeguard health data and protect patient privacy.s/sigma-lithium-ships-30-000-tonnes-of-battery-grade-lithium-and-by-products-achieves-net-zero-carbon-operating-profitability-and-premium-pricing-301885762.html

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