Tebra

What Tebra does

Tebra is a US-based healthcare technology company that provides an integrated cloud-based EHR+ platform for independent medical practices and medical billing companies. Formed in 2022 through the merger of Kareo and PatientPop, the platform consolidates electronic health records, billing and revenue cycle management, patient experience (scheduling, intake, messaging), practice marketing (websites, SEO, reputation), and payments into a single HIPAA-, HITRUST-, ONC-, AICPA-, and PCI-compliant system. The technology layer includes HL7/FHIR/API bridges, eligibility checks across 2,700+ payers via ANSI-X12 270/271, electronic ordering with 700+ labs, and a proprietary AI suite (AI Note Assist, AI Review Replies, AI Review Insights, RPA for billing). AI Note Assist alone generated more than 500,000 clinical notes in the second half of 2025, and the company reports AI-driven documentation time savings of about 60% per note.

The company serves two primary customer segments: independent US healthcare practices (spanning family medicine, primary care, pediatrics, mental health, and nurse practitioners) with 1-10 providers, and third-party medical billing companies (1,600+ channel partners representing 50,000+ additional providers). Tebra monetizes through quote-based SaaS subscriptions across the EHR+ modules, integrated payment processing fees, billing-partner channel revenue, and premium professional services (SEO, SEM, social media, website builds). Go-to-market combines direct inside sales with a self-serve product tour and free interactive assessment tools, supplemented by webinars and a large review-led content program. Tebra is self-described as a "profitable pure-play SaaS leader" operating in a $20B+ independent-practice software market, serving 150,000+ providers across 42,000+ practices managing 125 million patient records. The company closed a $250 million equity and debt financing round in December 2025 led by Hildred to accelerate AI development across the platform.

Name

Tebra

Legal name

Tebra Technologies, Inc.

Website

https://tebra.com

Company type

Private

Founded year

2022

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Tebra provides an integrated cloud-based EHR+ platform combining clinical documentation, billing and revenue cycle, patient experience, and practice marketing for independent US healthcare practices and third-party medical billing companies. It serves 150,000+ providers across 42,000+ practices.

Ownership category

akta.pro rank

Product category

Healthcare Practice Management Software

NAICS

Software Publishers (5132)

SIC

Services-Computer Programming, Data Processing, Etc. (7370), Services-Health Services (8000)

akta.pro primary industry

Revenue Cycle, Coding & Telehealth Compliance Platforms (for provider orgs) (HLALABAM)

akta.pro secondary industry

Patient Engagement, Education & Messaging Platforms (portal/CRM integrated) (HLALABAJ)

Keywords

• Practice management software
• Electronic health records
• Revenue cycle management
• Patient experience platform
• Practice marketing software

Headquarters

HQ city

Corona Del Mar

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure

Revenue model

1. SaaS subscriptions (EHR+ platform): Tebra describes itself as a "profitable pure-play SaaS leader" with a subscription-based EHR+ platform (EHR, billing, patient experience, marketing). Revenue is recurring with land-and-expand dynamics across product modules and additional providers/locations added as practices scale.
2. Payment processing fees: Integrated Tebra Payments generates transaction-based revenue on credit card, ACH, mobile wallet, and virtual credit card transactions processed through the platform.
3. Billing partner channel revenue: Tebra monetizes through its billing partner program, providing customized pricing, sales enablement, and enhanced support to 1,600+ medical billing companies that resell/deploy Tebra to their practice clients.
4. Premium professional services (marketing, SEO, SEM, social): Premium add-on services including expert-led SEO, paid SEM campaigns, social media management, and custom website builds generate one-time and recurring service revenue on top of the SaaS base.

Pricing tiers

Go-to-market motion4 records

Distribution channels5 records

Marketing channels10 records

Core offering

Tebra operates an integrated cloud-based EHR+ SaaS platform that combines electronic health records, medical billing and revenue cycle management, patient experience tools, and practice marketing for independent healthcare practices in the United States. The platform also embeds AI-powered documentation (AI Note Assist), robotic process automation for claims, integrated payment processing, and a billing partner program that serves 1,600+ third-party medical billing companies. Tebra serves over 150,000 providers across 42,000+ practices and reports being a profitable pure-play SaaS leader in a $20B+ independent practice software market.

Differentiator

Problem solved

Functional benefit

Brands

• Kareo: Former standalone brand for practice operations / clinical and billing software, now operated as a product line under Tebra (sign-in page references "Practice Operations PREVIOUSLY KAREO").
• PatientPop

Products and services

• Tebra EHR Cloud-based, HIPAA-compliant, ONC-certified electronic health records system combining charting, e-prescribing, labs, telehealth, scheduling, billing, and AI-powered documentation into a single connected platform for independent healthcare practices.
• Tebra Billing Medical billing and revenue cycle management software offering automated insurance eligibility against 2,700+ payers, electronic claim submission, denials management, patient statements, robotic process automation, and integrated payments for in-house billers, outsourced billing, and billing companies.
• Tebra Payments Healthcare payment processing solution with automated digital reminders, automated patient billing, card-on-file tokenization, online pay, and virtual credit card processing fully connected to Tebra Billing and the EHR.
• Tebra Patient Experience Patient engagement platform combining AI-powered reputation management, online scheduling, automated reminders, customizable digital intake, HIPAA-compliant two-way messaging, and post-visit surveys to reduce no-shows and grow patient loyalty for independent practices.
• Tebra Medical Practice Marketing Marketing software for independent practices offering custom websites, SEO and SEM services, HIPAA-compliant reputation management with AI Review Replies, social media management, and synchronized web profiles across 80+ directories including Google and Tebra Care Connect.
• AI Smart Staff (AI & Automation) Suite of AI and automation capabilities including AI Note Assist, AI Review Replies, AI Review Insights, and automated patient billing that work across the Tebra EHR+ platform to reduce administrative work for independent practices.

Quantifiable outcome

• 60% average documentation time saved per clinical note using AI Note Assist
• +14 more outcomes

Named customers31 records

Segments8 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration8 records

AI capability8 records

Feature8 records

Partnerships

Three partnerships are on record, tiered legal counsel for december 2025 financing, strategic integration partner and strategic affiliation.

• Fenwick & Westlegal counsel for december 2025 financingImplementation/ SI/ Consulting Partner · 17 December 2025Fenwick represented Tebra in securing the $250 million December 2025 financing round led by Hildred.
• DrFirststrategic integration partnerTechnology or Integration · 10 December 2024Tebra and DrFirst partnered to launch RxInform, an integrated medication-adherence solution combining automated outreach and educational resources for private practices. Announced December 10, 2024.
• Medusindstrategic affiliationStrategic or Co-development Partner · 19 November 2024Strategic affiliation announced November 19, 2024 to expand RCM solutions and practice management support for independent medical practices, combining Medusind's revenue cycle services with the Tebra platform.

Scale indicators11 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• athenahealth: athenahealth is a direct competitor offering cloud-based EHR, practice management, and revenue cycle management for independent practices and medical groups. It is one of the largest EHR+PM+RCM platforms serving the same SMB ambulatory segment as Tebra, with comparable integrated workflow model.
• eClinicalWorks: eClinicalWorks provides integrated EHR, practice management, and revenue cycle management software for ambulatory practices, directly competing with Tebra in the independent and small-group practice segment with a similar all-in-one platform positioning.
• NextGen Healthcare: NextGen Healthcare offers EHR, practice management, and RCM solutions for ambulatory practices of all sizes. It directly competes with Tebra in the independent practice segment and is similarly focused on specialty and primary care workflows with integrated billing.
• AdvancedMD: AdvancedMD provides cloud-based EHR, practice management, and medical billing software tailored for independent practices and medical groups, with a similar integrated platform approach and target customer base as Tebra.
• DrChrono: DrChrono (now part of EverHealth) provides cloud-based EHR, practice management, and medical billing software for independent practices, directly competing with Tebra in the SMB ambulatory segment with comparable subscription + RCM economics.
• CareCloud (MTBC): CareCloud offers cloud-based EHR, practice management, and revenue cycle management solutions for small and medium-sized medical practices, with a comparable subscription-based business model and similar target customer profile as Tebra.
• Practice Fusion (Veradigm): Practice Fusion, now part of Veradigm (formerly Allscripts), provides cloud-based EHR for independent practices. It directly competes with Tebra in the SMB ambulatory EHR segment with a similar self-serve, subscription-based positioning for smaller providers.

Emerging players

• ModMed (Modernizing Medicine): ModMed offers specialty-specific EHR systems (e.g., dermatology, gastroenterology, ophthalmology) with integrated practice management and RCM. It overlaps with Tebra in specialty segments but focuses more narrowly on specialty workflows rather than serving all independent practice types.

Broad incumbents

• Epic Systems: Epic is the dominant enterprise EHR vendor, primarily serving large hospital systems but progressively expanding into the ambulatory and independent practice segment. As a broad incumbent with vastly greater resources, Epic represents the most significant long-term competitive threat to Tebra's core market.
• Oracle Health (Cerner): Oracle Health (formerly Cerner) is a broad incumbent EHR and healthcare IT vendor serving hospital systems and increasingly ambulatory practices. It overlaps with Tebra in the practice management and RCM dimensions but operates at a much larger scale across the full care continuum.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks2 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/tebra

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Subsidiaries2 records

Funding overview

Funding rounds6 records

Investors12 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A2 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Tebra