SPRY Achieves Record Growth in Revenue, Customers and Products
2024年7月18日 - 10:30PM
ビジネスワイヤ(英語)
Rehab Software Maker’s Advances Affirmed by
Recent Award of Nine G2 Badges
SPRY Therapeutics (“SPRY”), creator of rehab therapy’s first
fully integrated AI-powered EMR, today announced that it has
achieved a 153% year-over-year increase in annual recurring revenue
(ARR), further solidifying the company’s position as one of the
fastest-growing innovators in practice and clinical management
software over the past 12 months.
Revenue Growth Spurred by New Customer Acquisition and Market
Expansion
Similarly, SPRY recorded a 91% increase in clinic locations
served and a 136% increase in clinical providers supported. The
increases highlight SPRY’s addition of more multispecialty,
multilocation practices to its growing roster of customers as it
moves into new market segments.
“Our team is pleased to see the significant revenue growth,
especially given the realities of the SaaS industry and capital
markets over the past 18 months,” remarked Brij Bhuptani, SPRY
co-founder and chief executive officer. “More importantly, we’re
proud to see the rapidly increasing adoption of the SPRY platform
among rehab therapists as we continue to grow our share of adjacent
specialties, larger clinics, and new use cases.”
A Pipeline of Solutions to Make Rehab Businesses Efficient,
Profitable and Future-Proof
Brij continued, “As technologists, we constantly pursue
applications of new technologies, like AI, that can directly impact
financial and clinical outcomes for SPRY users, whether a
single-provider clinic or a 20-provider, multilocation practice.”
These include a host of new product features rolled out over the
past 12 months, among them:
- SPRY Ally, a fully integrated personal assistant for
running rehab therapy clinics. At the heart of the AI-powered
collection of tools is SPRY Scribe, a unique “text-to-SOAP” app
that allows therapists to create compliant SOAP notes in as little
as two minutes. Additional tools automate routine tasks, like
verifying insurance and securing authorizations, with unprecedented
speed, accuracy and security.
- SPRY RTM, a tool aided by computer vision to allow for
personalized remote patient monitoring through assessments that
identify patient needs and monitoring that optimizes the plan of
care in real time. The tool’s extensive library of home exercises
keeps patients actively engaged in their plan of care while
accelerating recovery.
- SPRY Billing, a comprehensive, fully integrated billing
solution for the SPRY platform. The SPRY billing dashboard is the
nerve center of the system, centralizing billing operations and
financial insights for in-house billers. With SPRY RCM, a
professional services layer is added to the dashboard, providing a
truly turnkey solution to revenue operations for those practices
wishing to secure outside help.
Additionally, this quarter SPRY will launch an AI-assisted e-fax
to further streamline front office functions and an on-site kiosk
tool to help ease the patient experience.
Physical Therapy and Medical Billing Industries Recognize
SPRY Products and Services
This month, SPRY made a remarkable debut in the G2 Summer 2024
Reports, securing nine badges across Physical Therapy and Medical
Billing categories. The company surged to No. 4, a significant
achievement considering it was not listed among the 85 companies
just one year ago. SPRY’s success is attributed to its focus on
developing time-saving, cost-effective tools that increase revenue
for users. The company earned the No. 1 spot in two categories. To
view the full list of SPRY reviews on G2, visit
www.g2.com/products/spry-spry/reviews.
“In two years, SPRY has established itself as a front-runner,”
added Brij. “The recognition is gratifying but also unsurprising.
Every week, more and more customers tell us of their revenue wins
and the positive ROI they experience by using SPRY for billing.
We’re pleased to be a partner in their success.”
For more information about SPRY, visit www.sprypt.com.
About SPRY Therapeutics, Inc.
SPRY Therapeutics, Inc. is the inventor of SPRY EMR, an
integrated practice management solution that enables rehab therapy
professionals to succeed in practice and in business — from the
front desk to clinical operations to the back office. Built on a
future-focused architecture, the SPRY platform adapts to the
changing clinical and business needs of physical therapists,
occupational therapists, and speech language pathologists. Since
2021, SPRY has earned a reputation for flexible workflow
customizations, short migration times, and high-velocity claims
processing — in one single platform, at one simple price. For more
information, visit www.sprypt.com, and follow the company on
LinkedIn.
SPRY EMR, SPRY Ally, SPRY Scribe, SPRY RTM and SPRY Billing are
trademarks of SPRY Therapeutics, Inc. All other brand names are
trademarks or registered trademarks of their respective
companies.
Tags: SPRY Therapeutics, SPRY EMR, rehab therapy, physical
therapy, physical therapists, occupational therapists, speech
language pathologists, electronic medical record, EMR, claims
processing, medical billing, SOAP note, patient monitoring,
artificial intelligence, AI, insurance eligibility
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version on businesswire.com: https://www.businesswire.com/news/home/20240718115309/en/
Dottie O’Rourke, for SPRY Therapeutics, Inc. TECHMarket
Communications 650-344-1260 SPRY@techmarket.com