WebPT is a

Phoenix, Arizona Phoenix ( ; nv, Hoozdo; es, Fénix or , yuf-x-wal, Banyà:nyuwá) is the List of capitals in the United States, capital and List of cities and towns in Arizona#List of cities and towns, most populous city of the U.S. state of Arizona, with 1 ...

-based company that provides

web-based A web application (or web app) is application software that is accessed using a web browser. Web applications are delivered on the World Wide Web to users with an active network connection. History In earlier computing models like client-serve ...

electronic medical record An electronic health record (EHR) is the systematized collection of patient and population electronically stored health information in a digital format. These records can be shared across different health care settings. Records are shared throu ...

(EMR) systems for

physical therapists Physical therapy (PT), also known as physiotherapy, is one of the allied health professions. It is provided by physical therapists who promote, maintain, or restore health through physical examination, diagnosis, management, prognosis, patient ...

, occupational therapists, and speech-language pathologists. In addition to its patient documentation software, WebPT offers systems for billing, scheduling, and

practice management Practice management is the term used in General practice for the person who manages the finance and administration of a doctor's office or an office of a medical professional in one of many types of specialties in medicine. This is distinct from ...

. As of December 2022, more than 155,000 rehab therapists across more than 27,000 clinics used WebPT’s system. WebPT was named to the Inc. 5000 list of the "fastest-growing private U.S. companies" for nine consecutive years from 2013 to 2021. The company was also Great Places to Work Certified as of March 2022.

History

WebPT was founded in 2008 by Heidi Jannenga and Brad Jannenga. Heidi managed several physical therapy practices, which helped spark the idea for a cloud-based software that would streamline therapists’ documentation processes. Today, Heidi remains at the company as co-founder and Chief Clinical Officer and Ashley Glover is its CEO. In 2010, the

startup A startup or start-up is a company or project undertaken by an entrepreneur to seek, develop, and validate a scalable business model. While entrepreneurship refers to all new businesses, including self-employment and businesses that never intend t ...

received a $1 million funding round from Canal Partners, led by Jim Armstrong. To expand its billing system, WebPT acquired Health Data Solutions in 2012, a revenue cycle management business that provided billing services primarily to physical therapists and

chiropractors Chiropractic is a form of alternative medicine concerned with the diagnosis, treatment and prevention of mechanical disorders of the musculoskeletal system, especially of the spine. It has esoteric origins and is based on several pseudosc ...

. In 2013, WebPT launched the WebPT Marketplace, an

e-commerce E-commerce (electronic commerce) is the activity of electronically buying or selling of products on online services or over the Internet. E-commerce draws on technologies such as mobile commerce, electronic funds transfer, supply chain manageme ...

site with the goal of selling clinical supplies to WebPT customers at reduced rates. In June 2014, WebPT received an undisclosed investment from

venture capital Venture capital (often abbreviated as VC) is a form of private equity financing that is provided by venture capital firms or funds to startups, early-stage, and emerging companies that have been deemed to have high growth potential or which ha ...

firm Battery Ventures. Five months later, WebPT acquired WebOutcomes, an online outcomes tracking tool offering

evidence-based Evidence-based practice (EBP) is the idea that occupational practices ought to be based on scientific evidence. While seemingly obviously desirable, the proposal has been controversial, with some arguing that results may not specialize to indivi ...

tests that physical and occupational therapists use to collect objective patient data. In 2017, WebPT acquired Strive Labs, Inc. a Boston-based company that provided patient relationship management and home exercise technology. The following year in 2018, WebPT acquired Upland, California-based BMS Practice Solutions, a revenue cycle management software company for rehab therapists. In August 2019, private equity firm

Warburg Pincus Warburg Pincus LLC is a global private equity firm, headquartered in New York, with offices in the United States, Europe, Brazil, China, Southeast Asia and India. Warburg has been a private equity investor since 1966. The firm currently has over ...

signed an agreement to buy a majority stake in WebPT from Battery Ventures. In January 2022, WebPT acquired Oregon-based Clincient, another physical therapy EMR software and its subsidiary Keet Health.

References

External links

* {{Official website, http://www.webpt.com 2008 establishments in Arizona Companies based in Phoenix, Arizona Electronic health records Medical software Medical and health foundations in the United States Software companies based in Arizona Software companies established in 2008