HealthSpark
HealthSpark is a Y Combinator-backed telehealth platform founded in 2024 that connects patients with licensed physical therapists for insurance-covered video visits, while providing independent PTs with credentialing, EHR, and claims infrastructure across California, Colorado, and Florida.
- Company typePrivate
- Founded2024
- HeadquartersSan Francisco, United States
- Headcount1–10
- GTM typeB2B and B2C
- OfferingServices
What HealthSpark does
HealthSpark operates a telehealth physical therapy platform that connects patients with licensed Doctors of Physical Therapy for video-based care covered by insurance. Founded in 2024 and headquartered in San Francisco, the company operates as HealthSpark, Inc., an administrative services entity, with clinical care delivered through affiliated state-specific professional corporations (HealthSpark Medical Group West PC, HealthSpark Medical Group PA/PC, and HealthSpark Professionals). Patients self-onboard through the HealthSpark App, verify insurance coverage, and book video visits with one of approximately nine PTs serving California, Colorado, and Florida. HealthSpark positions itself around the convenience and cost advantages of telehealth, advertising $10–30 copays versus the $200–300 typical out-of-pocket cost of out-of-network in-person PT.
The technology stack comprises a patient-facing web application, a provider portal, and an integrated EHR/clinical documentation system supporting SOAP notes, plans of care, insurance verification, claims submission, denial management, and copay collection. The platform is built on Supabase, with Google single sign-on and third-party calendar integrations for scheduling. The company is in-network with Medicare, Blue Shield of California, Anthem Blue Cross, Cigna, UnitedHealthcare, Humana, Aetna, and HealthSpring, and maintains HIPAA-compliant operations. Marketing is primarily content-led, with city-specific SEO landing pages across California and a blog targeting independent PTs with operational content on Medicare billing, credentialing, and denial management.
HealthSpark's business model is a two-sided platform. PTs are engaged as independent contractors earning $65–$140 per hour with twice-monthly payouts, while HealthSpark retains a portion of insurance billings and handles credentialing, claims, and collections. The company sells to two segments: individual patients seeking convenient musculoskeletal, post-operative, and chronic pain PT, and licensed PTs seeking to build independent insurance-accepting practices without administrative overhead. The company is Y Combinator-backed with a single disclosed $500,000 seed round closed in December 2024.
HealthSpark firmographics
Firmographics- Name
- HealthSpark
- Legal name
- HealthSpark, Inc.
- Website
- https://joinhealthspark.com
- Company type
- Private
- Founded year
- 2024
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- HealthSpark is a Y Combinator-backed telehealth platform founded in 2024 that connects patients with licensed physical therapists for insurance-covered video visits, while providing independent PTs with credentialing, EHR, and claims infrastructure across California, Colorado, and Florida.
- Ownership category
- akta.pro rank
HealthSpark industry classification
Industry- Product category
- Telehealth Physical Therapy Services
- NAICS
- Offices of Physical, Occupational and Speech Therapists, and Audiologists (62134), Home Health Care Services (621610)
- SIC
- Services-Health Services (8000), Services-Home Health Care Services (8082)
- akta.pro primary industry
- Musculoskeletal (MSK) & Physical Therapy Virtual Care (HLALADAC)
Keywords
Where HealthSpark is headquartered
LocationHeadquarters
- HQ city
- San Francisco
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
HealthSpark business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure, Others
Revenue model
- Insurance-Covered PT Services: HealthSpark generates revenue by providing telehealth physical therapy services billed through patient insurance. The company handles insurance credentialing, claims submission, denial management, and collects copays from patients. PTs are independent contractors who receive twice-monthly payouts while HealthSpark retains a portion of billing revenue.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Insurance-covered telehealth PT visits |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels3 records
HealthSpark product offering
Product offeringCore offering
HealthSpark is a telehealth physical therapy platform that connects patients with licensed Doctors of Physical Therapy (DPT) via video visits covered by insurance. The platform handles patient intake, insurance verification, scheduling, and billing, and recruits licensed PTs as independent contractors, providing them with credentialing, an integrated EHR, scheduling tools, and claims processing to run their own insurance-based practices.
Product overview
HealthSpark is a telehealth physical therapy platform consisting of a patient-facing web application (HealthSpark App) and a provider-facing platform (HealthSpark Provider Network). The platform enables virtual physical therapy visits covered by insurance, featuring comprehensive telehealth evaluations, follow-up visits, personalized exercise plans, appointment scheduling, and direct messaging between patients and their assigned PT. The system includes an EHR/clinical documentation system for providers to manage SOAP notes, plans of care, and billing codes.
Differentiator
Problem solved
Functional benefit
Products and services
- HealthSpark Telehealth Physical Therapy Service Insurance-covered telehealth physical therapy service delivering comprehensive video evaluations, follow-up visits, personalized exercise plans, and between-visit messaging with the same assigned licensed DPT. Targeted at individual patients with musculoskeletal pain, post-surgical recovery, and sports injuries.
- HealthSpark Provider Network (PT Practice Infrastructure) B2B-style service for licensed Doctors of Physical Therapy to launch and grow independent insurance-based practices. HealthSpark handles insurance credentialing, claims submission, denial management, and collections, while PTs maintain clinical autonomy and receive twice-monthly payouts.
- HealthSpark EHR and Clinical Documentation System Provider-facing electronic health record module enabling PTs to complete SOAP notes, build plans of care, submit codes and units, and coordinate physician signatures for Medicare compliance.
Quantifiable outcome
- Most patients pay only their copay ($10-30 per visit)
- +3 more outcomes
Companies that use HealthSpark
Customer profileNamed customers4 records
Segments2 records
Ideal customer profiles2 records
HealthSpark technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration2 records
Feature3 records
HealthSpark partnerships and signals
Strategic signalScale indicators4 records
Recent moves6 records
Expansion highlights5 records
HealthSpark competitors and assessment
Company assessmentOthers
- WebPT: WebPT is a PT practice management and EHR platform serving independent PT clinics with billing, scheduling, and documentation tools. While HealthSpark serves as an integrated admin layer for its PTs, WebPT provides a comparable back-office infrastructure to independent PTs, representing an adjacent competitor in the PT admin tooling space.
- Confluent Health: Confluent Health is a national network of physical therapy clinics and employer MSK solution provider. While primarily in-person, its employer MSK programs and PT staffing infrastructure represent an adjacent/competing model to HealthSpark's insurance-billed PT services.
Direct peers
- SimpleTherapy: SimpleTherapy offers app-delivered virtual PT programs with video-guided exercises and remote PT consultations, often covered by insurance. It targets similar MSK conditions as HealthSpark and competes for the same insurance-covered virtual PT demand.
- Hinge Health: Hinge Health is a leading digital MSK care platform offering virtual PT, coaching, and wearable-guided exercise programs covered by insurance and employer benefits. It is the most direct competitor to HealthSpark, serving the same MSK/PT patient population with a similar insurance-billed telehealth model, though at much larger scale and with broader employer-sponsored GTM.
- Kaia Health: Kaia Health offers a digital MSK pain management app with self-guided exercise programs and remote coaching. While more app-based than HealthSpark's licensed-PT model, it competes for the same MSK patient population seeking non-surgical, at-home treatment for back, joint, and chronic pain.
- Sword Health: Sword Health provides virtual MSK care combining AI-powered PT with digital therapists, covered by insurance and employers. It is a direct competitor offering virtual PT services with similar clinical scope (MSK, post-op, chronic pain) and the same payer/employer channel strategy as HealthSpark.
- Vori Health: Vori Health is a virtual MSK medical practice combining physician oversight, PT, and health coaching covered by insurance. It competes directly with HealthSpark in insurance-billed virtual MSK care, though with a more physician-led clinical model.
Emerging players
- Luna Physical Therapy: Luna provides in-home physical therapy delivered by licensed PTs, with insurance billing handled centrally. While HealthSpark delivers telehealth and Luna delivers in-home, both share the core insight of bringing PT to patients and abstracting insurance/billing complexity from clinicians.
Broad incumbents
- RecoveryOne (formerly Optum Care): RecoveryOne provides virtual PT and MSK programs for health plans, employers, and provider groups. It operates in the same insurance-covered virtual PT space as HealthSpark, though typically through enterprise contracts rather than DTC channels.
- Omada Health: Omada Health is a virtual care company offering programs for diabetes, hypertension, and MSK care covered by insurance and employers. Its MSK program overlaps directly with HealthSpark's telehealth PT offering, though Omada operates across multiple chronic conditions at significantly larger scale.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
HealthSpark social profiles
Digital presenceHealthSpark compliance and trust
Trust signalCompliance2 records
HealthSpark financial estimates
Financial estimateRevenue estimate
Valuation estimate
HealthSpark leadership team
Management profileNumber of profiles
Profiles2 records
HealthSpark funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
HealthSpark M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about HealthSpark
What does HealthSpark do?
HealthSpark is a telehealth physical therapy platform that connects patients with licensed Doctors of Physical Therapy (DPT) via video visits covered by insurance. The platform handles patient intake, insurance verification, scheduling, and billing, and recruits licensed PTs as independent contractors, providing them with credentialing, an integrated EHR, scheduling tools, and claims processing to run their own insurance-based practices.
Is HealthSpark a public or private company?
HealthSpark is a private company. It is classified as venture growth investor backed and is currently operating.
When was HealthSpark founded?
HealthSpark was founded in 2024. It employs 1 to 10 people.
Where is HealthSpark based?
HealthSpark is headquartered in San Francisco, United States, in the North America region.
How does HealthSpark make money?
One revenue line is on record: insurance-Covered PT Services.
Who are HealthSpark's main competitors?
Others on record are WebPT and Confluent Health. Direct peers are SimpleTherapy, Hinge Health, Kaia Health, Sword Health and Vori Health. Luna Physical Therapy is listed as an emerging player. Broad incumbents are RecoveryOne (formerly Optum Care) and Omada Health.
Does HealthSpark have an API?
No public API is recorded for HealthSpark.
What industry is HealthSpark in?
HealthSpark's product category is Telehealth Physical Therapy Services. Its primary akta.pro industry code is HLALADAC, Musculoskeletal (MSK) & Physical Therapy Virtual Care. Its NAICS code is 62134 and its SIC code is 8000.