Better PT Inc.

Better PT Inc. is a healthcare technology firm that specializes in enhancing patient access to physical therapy through its innovative platform, BetterAccess, which streamlines appointment scheduling and patient-provider communication. Founded in 2016 in New York, US, Better PT Inc. operates as a healthcare technology company focused on improving patient access to providers through its platform.

The company was co-founded by Greg Peters and Stephen Fealy, with Peters also serving as the CEO. Better PT has successfully completed 3 funding deals, the most recent being a Series A round in April 2019 where they raised USD 5. 00 mn, led by 5Lion Holdings, with participation from Hospital for Special Surgery and ID Fund. The total amount raised by the company stands at USD 5.

00 mn. Better PT has transitioned to BetterAccess, a robust HIPAA-compliant platform designed to facilitate all aspects of patient access to healthcare providers. The core offerings of BetterAccess include a streamlined dashboard for scheduling appointments, both in-person and telehealth, integrated management of clinics and patient lists, and a hybrid approach to treatment that enhances patient engagement. The platform addresses critical challenges in the "first mile" of patient communication, aiming to improve acquisition, intake, and ongoing communication between healthcare providers and patients.

BetterAccess serves a diverse clientele, including clinics, healthcare administrators, and patients across multiple geographical markets, emphasizing accessibility and efficiency in healthcare delivery. The revenue model for Better PT revolves around subscription-based services provided through the BetterAccess platform. Clients, including healthcare facilities and providers, engage with the platform to manage patient interactions and optimize appointment scheduling, thereby enhancing operational efficiency. The transaction structure typically involves tiered pricing plans that cater to different levels of service utilization, allowing clients to choose options based on their patient volume and specific operational needs.

This model supports the ongoing revenue generation for the company, as healthcare providers rely on the platform to streamline their patient access processes and improve overall lead conversion rates. BetterAccess is positioned as a key solution in the healthcare technology space, contributing to Better PT's financial performance through these strategic partnerships and service offerings. Better PT plans to leverage its recent Series A funding of USD 5. 00 mn to enhance its platform capabilities and expand its services into new geographic markets.

The company is focusing on increasing its outreach to additional healthcare clinics and providers across the US, aiming for a broader presence by 2023. With ongoing development efforts, BetterAccess is set to introduce new features that cater specifically to the needs of healthcare providers, enhancing the patient engagement process.