WebPT Strengths, Domain Expertise, and Key Differentiators
WebPT is a web-based physical therapy EMR (Electronic Medical Records) system, providing over 90000 users with complete, easy and affordable software to manage clinical and clerical functions. WebPT scaled fast under Amazon AWS as its IT infrastructure. The system offers a brand new approach to practice management and patient documentation as the application is designed to improve clinic productivity, increase revenue, reduce expenses and enhance a more stress-free clinical environment. The digital documentation system combines an intuitive dashboard user interface with practical physical therapy logic to create a user-friendly documentation solution.
WebPT obtained the International Standardization Organization (ISO) certification, making it the first ISO-certified electronic medical record (EMR) designed specifically for rehab therapists. An internationally acclaimed standard for information security management, the ISO certification (BSI ISO 27001:2013) is considered the platinum standard of excellence in protecting information and ensuring it is secured in a consistent manner. Following ISO standards enables WebPT to manage the security of all its sensitive data, including financial information, employee and patient details, medical record data, and customer data hosted by WebPT's third-party vendors and partners.
Following ISO standards WebPT enables to manage the security of all its sensitive data, including financial information, employee and patient details, medical record data, and customer data hosted by WebPT's third-party vendors and partners. ISO certification along with WebPT's existing compliance safeguards â€” demonstrates the company's focus on, and commitment to, data security for its more than 10,000 clinics and 79,000 members.
WebPT Recent Developments
WebTP doubled down on innovation, releasing three new digital products in 12 months. Most recently, the company introduced Digital Patient Intake, which enables patients to complete intake paperwork from any Internet-enabled device, thereby simplifying the patient registration process as rehab organizations across the country return to pre-COVID patient volumes. In addition to its Digital Patient Intake tool WebPT introduced its Integrated telehealth solution, WebPT Virtual Visits, which has hosted more than 100,000 virtual patient visits since its launch in April 2020.
WebPT Key differentiators lie in the ease of use of its physical therapy billing over complex revenue cycle management apps that probably overkill for physical therapists.
WebPT Mergers and Acquisitions (M&A) Activities
In February 2018 WebPT has acquired BMS Practice Solutions company that is serving the rehab therapy market. With WebPT and BMS the two leaders in the outpatient rehab therapy market coming together, therapy practices of all sizes now have an end-to-end solution for attracting and retaining patients, streamlining workflows, completing defensible electronic documentation, staying compliant with healthcare regulations, obtaining fast and accurate payments, and ensuring consistent delivery of high-quality clinical care and patient experiences. WebPT and BMS established an integration several years ago and have a long history of working together. WebPT and BMS both boast a 99-percent customer retention rate, and currently have more than 50 mutual customers that are mostly large, multi-location clients, like Minnesota's OSI Physical Therapy.
WebPT Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying WebPT applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of WebPT and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified WebPT, customers.
Ownership: - x
Number of Employees: 500
Key Verticals: Healthcare,
WebPT Key Enterprise and Cloud Applications
WebPT Revenues, $M:
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* Enterprise Applications Revenues = License + Support & Maintenance + SaaS
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.
WebPT Revenue Breakdown By Type, $M:
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WebPT Enterprise Applications Revenues By Functional Markets, $M:
WebPT Enterprise Applications Revenues By Verticals, $M:
WebPT Revenues By Region, $M
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WebPT Direct vs Indirect sales
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WebPT Customers - Breakdown by Geo, Size, Vertical and Product
No. of WebPT Customers: 20000
No. of WebPT Enterprise Applications Customers: 20000
No. of WebPT Cloud Customers: 20000
No. of WebPT Cloud Subscribers: 90000
WebPT has over 90000 users with over 20000 clinics in the USA as customers. Among WebPT customers are Finish Line PT, Atlantic Physical Therapy Center, Michelle Colman Private Practice, DeWitt Physical Therapy, Gateway Physical Therapy, OSPTA, Bellarmine University, The Bacharach Institute for Rehabilitation, Pediatric Therapy Center of Bucks County, Horizons Physical Therapy, JointCare Physical Therapy, Northeast Rehabilitation Hospital Network, A&M Therapy, Chandler Physical Therapy, Gaspar Doctors of Physical Therapy, OSI Physical Therapy, MTI Physical Therapy, Makovicka Physical Therapy.
WebPT Market Opportunities, M&A and Geo Expansions
In August 2021, WebPT appointed Greg Ingino as Chief Technology Officer. With more than 20 years experience in leading top-tier technology and product teams, Ingino will focus on developing WebPT's future technology strategy that includes working with the largest dataset in the industry to provide prescriptive insights and analytics to members while continuing to advance the modernization of the platform for scale.
In August 2019 Private equity firm Warburg Pincus has signed an agreement to buy a majority interest in the EHR developer WebPT, acquiring it from Battery Ventures. The investment will help cloud-based electronic health record and practice management tools for physical therapists expand and innovate its product offerings, as rehab expands its place in the wider continuum of care. The investment will enable WebPT to boost its product offerings for outpatient physical therapists, occupational therapists, and speech-language pathologists. The software-as-a-service vendor is deployed at some 15,000 clinics across the U.S. The investment in WebPT comes as the $35-billion rehab therapy market is projected to expand, influenced by aging and active U.S. population and demand for treatment pathways that reduce opioid exposure.
WebPT has acquired StriveHub, a Boston, MA-based patient relationship management (PRM) platform specifically designed for rehab therapy providers. For WebPT, the acquisition of StriveHub will enable PTs to deepen relationships with patients and improve their practices' bottom line Financial terms of the acquisition were not disclosed. Developed by two physical therapists, StriveHub enables providers to develop automated email campaigns, collect and act upon their Net Promoter Score (NPS), proactively seek online reviews, offer a free online portal to patients, and create a custom treatment and interactive-home exercise programs. Therapists can even prescribe exercise programs for patients in eight different languages. Earlier, WebPT secured a new round of investment from Battery Ventures, opening a new chapter for the EHR applications vendor for physical therapy professionals. That followed the acquisition of Health Data Solutions for its billing software.
WebPT Risks and Challenges
WebPT needs to defend its physical therapy turf vigorously by moving into adjacent areas such as home care as well as customer relationship management before horizontal EHR vendors start encroaching on its space.
WebPT Ecosystem, Partners, Resellers and SI
The Alliance for Physical Therapy Quality and Innovation (APTQI) today announced WebPT as its first At-Large Member and strategic partner in effecting positive legislative and regulatory change to support the future of the physical therapy profession. The first issue the duo will take aim at is CMS’s 9% cut to Medicare payments for physical and occupational therapy services, which is currently set to take effect January 1, 2021.
WebPT does most of its sales in North America via direct sales force. Among WebPT partners are AthenaHealth, Cerner Mckesson, MedHost, MediTech, ModMed, Collectivity, Focus Medical Solutions, Medical Billing Center, Vantage, Medico, AM, RMBS, Club Automation, Novera Payment Solutions,1st Dragon, BillFlash, Mail My Statements, iHCFA, Jopari, E-Rehab Practice Promotions.
WebPT Cloud Infrastructure Insights
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- WebPT Public Cloud and Infrastructure (IaaS)
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Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.
Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).
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