Kareo and PatientPop merge to focus on modernizing health care practices

Medical Economics Journal, Medical Economics December 2021, Volume 98, Issue 12

The goal of the new company is to help independent practitioners succeed in consumer-driven health care

Kareo, a cloud-based clinical and financial software company, and PatientPop, a practice growth technology company, announced the closing of their merger and the unveiling of the combined company’s new name, Tebra.

The new company combines technologies from both companies, which currently support more than 100,000 health care providers, to modernize every step of the patient journey.

“Patients today expect a seamless, digital experience from health care like they have in every other aspect of their lives. But unfortunately, not all doctors have been able to keep pace with these expectations like other industries have,” Dan Rodrigues, CEO and founder of Kareo, said in a statement.

PatientPop contributes technology to support practice growth, including practice websites, online appointment booking, search marketing, digital registration, and messaging. Kareo contributes technology to support practice operations, including a fully certified EHR, scheduling, insurance billing, and patient payments.

The combined company currently has approximately 1,000 employees supporting more than 100,000 health care providers who are delivering care to more than 85 million patients in the U.S.

Tebra will leverage the expertise of the PatientPop and Kareo founders, executive teams, and boards of directors. Kareo CEO and founder Dan Rodrigues will serve as the CEO of Tebra. PatientPop co-CEOs and co-founders Luke Kervin and Travis Schneider will serve as Tebra’s chief innovation officer and chief corporate development officer, respectively. Tebra has formed a new executive team and board of directors comprised of executives and board members drawn from both PatientPop and Kareo. Tebra has received $65 million in additional growth financing from Golub Capital to support the merger.

PatientPop and Kareo will continue to operate under their respective brands for now. With Tebra, joint customers will be able to use PatientPop and Kareo products.