Therapist Helper
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Therapist Helper - overview
Location
-, NY, US
Primary Industry
Healthcare
About
Therapist Helper provides advanced practice management software specifically for mental health professionals, facilitating efficient scheduling, billing, and client management to enhance operational effectiveness in behavioral health practices. Therapist Helper is a software solution designed to assist behavioral health professionals in managing their practices. It was previously part of Nightingale Informatix Corporation before being sold to Netsmart Technologies Inc. in a deal worth USD 12.
3 mn on February 29, 2008. Netsmart's founder has a history in developing healthcare solutions, although specific previous ventures are not disclosed. The company is headquartered in the US and has executed one deal to date. Netsmart offers a comprehensive suite of practice management solutions tailored for behavioral health professionals.
Their flagship product, Helper, serves as robust practice management software designed to streamline functions within mental health practices, such as scheduling, billing, and client management. The software features a customizable scheduling engine, significantly reducing data entry and enhancing appointment reminders through email and SMS notifications. All solutions are fully HIPAA-compliant, ensuring the security and confidentiality of client records. Helper has been continuously innovating for over 30 years, primarily marketed in the United States with a growing presence in Canada, targeting private practice professionals to improve operational efficiencies and care outcomes.
Netsmart reported revenue of USD 3. 3 mn for the most recent fiscal year. The company operates on a subscription-based model, providing their Helper software alongside services such as electronic billing and ePrescribing solutions. Clients engage in annual or monthly subscriptions, allowing them to access various functionalities essential for effective practice management.
Additionally, Netsmart offers ancillary services like learning management solutions for continuing education tailored for behavioral health professionals, emphasizing a B2B framework where healthcare providers partner with Netsmart for integrated solutions. Following their recent acquisition of Therapist Helper, Netsmart is focused on leveraging the USD 12. 3 mn funding to enhance their product offerings and expand into new markets. The company plans to introduce new features to Helper designed to meet the evolving needs of behavioral health professionals by 2024.
Additionally, Netsmart aims to target expansion in the Canadian market, enhancing its reach in North America to better serve mental health professionals seeking efficient practice management solutions.
Current Investors
Netsmart Technologies, Inc.
Primary Industry
Healthcare
Sub Industries
Healthcare, Software
Website
www.helper.com
Company Stage
Add-on
Total Amount Raised
Subscriber access only
Therapist Helper - financials
| Fiscal Year Ended | Feb 29, 2008 |
|---|---|
| Revenue (USD) | - |
| % Revenue Growth (YoY) | - |
| EBITDA (USD) | - |
| Operating Income (USD) | - |
| Operating Margin | - |
| % EBITDA Margin | - |
| NET Income (USD) | - |
| % Net Margin | - |
Therapist Helper - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | Therapist Helper | - |
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