What Phydata does

Phydata is a privately held, for-profit physician management firm headquartered in Goodlettsville, Tennessee (Nashville metro), founded in 1997 and operating with 101–250 employees. The company's stated focus is outsourced medical billing, accounts receivable management, and information management services delivered to physician practices and medical groups. Source materials describe the firm as handling the operational and administrative side of running a medical practice so that physicians can focus on patient care — a positioning consistent with end-to-end revenue cycle management (RCM) plus back-office information handling, rather than a standalone coding or claims-submission vendor.

The product surface, as disclosed, is organized around three service pillars — medical billing, accounts receivable management, and information management — without named software modules, distinct SKUs, or a separate technology platform described in the available source data. The core technology field is explicitly marked 'Not disclosed in available source data,' and there are no patents, trademarks, integrations, APIs, apps, certifications, or product launches documented. The website presents only a contact page and a minimal marketing statement, suggesting limited content marketing or product-led growth infrastructure. No AI/ML capabilities, third-party technology partnerships, or proprietary analytical tooling are referenced in the source material.

Business model mechanics are likewise underspecified. Pricing details are flagged as not publicly disclosed, and no revenue, ARR, contract value, or pricing model (e.g., percentage-of-collections vs. per-claim vs. subscription) information is available. The operating footprint is disclosed only at the Tennessee state level, with no multi-state distribution or marketing channel evidence. Customer segmentation is purely vertical (physicians and medical practices), with no named customer logos, channel partners, or anchor accounts available in the source data. No funding rounds, investors, M&A activity, leadership team, or ownership information are disclosed, leaving the capital structure, governance, and growth capital posture as open data gaps.

Name

Phydata

Website

https://phydata.com

Company type

Private

Founded year

1997

Operating status

Operating

Headcount range

101–250 employees

Short description

Phydata is a privately held physician management firm headquartered in Goodlettsville, Tennessee, providing outsourced medical billing, accounts receivable management, and information management services to physician practices and medical groups in the United States.

Ownership category

akta.pro rank

Headquarters

HQ city

Goodlettsville

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D

Core offering

Phydata is a physician management firm that provides outsourced medical billing, accounts receivable management, and information management services to medical practices and physician groups. By handling the business operations of medicine on behalf of practices, the company enables physicians to focus on delivering patient care. The firm also offers financial and practice management services as part of its full-service portfolio.

Product overview

PhyData is a physician management firm offering a unified service portfolio centered around medical billing, accounts receivable management, and information management services. The company positions itself as handling the business operations of medical practices, enabling physicians to focus on patient care. No specific named product modules, sub-products, or distinct software offerings are identified in the available source material.

Differentiator

Problem solved

Functional benefit

Products and services

• Medical Billing Services

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Recent moves3 records

Expansion highlights3 records

Direct peers

• Coronis Health: Coronis Health delivers end-to-end RCM, medical billing, coding, and practice management for physician groups and specialty practices. It competes directly with PhyData on outsourced physician-billing value propositions.
• Waystar: Waystar provides cloud-based revenue cycle technology — claims management, patient billing, and payment processing — for physician practices and health systems. It is adjacent to PhyData's information management and AR functions, often partnering with or displacing similar vendors.
• Zotec Partners: Zotec Partners is an outsourced medical billing and RCM firm serving physician practices (with a large radiology specialty base). It competes head-to-head with PhyData on the same revenue-cycle, accounts-receivable, and practice-management services for physician clients.
• FinThrive (formerly nThrive): FinThrive is a revenue cycle management technology and services company serving hospitals and physician groups with end-to-end billing, AR, and analytics. It overlaps with PhyData's RCM and accounts-receivable service offerings.
• PracticeTek: PracticeTek is a holding company for practice management and medical billing brands (MicroMD, ECLIPSE, etc.) serving physician practices. It operates in the same outsourced PM/RCM space as PhyData.
• M-Scribe Technologies: M-Scribe provides outsourced medical billing, coding, and practice management services for physician practices across multiple specialties. It is a direct competitor to PhyData in the outsourced physician-billing services niche.
• Tebra (formerly Kareo + PatientPop): Tebra offers an all-in-one practice management, EHR, and medical billing platform aimed at independent physician practices. While primarily software-led, it competes with PhyData for the same small-to-mid physician practice segment via billing services and PM.

Broad incumbents

• Optum (UnitedHealth Group): Optum is the largest healthcare services platform in the U.S., encompassing RCM, analytics, and practice operations for physician groups (including via Change Healthcare). It is the dominant incumbent with broadly overlapping capabilities to PhyData's billing services.
• athenahealth: athenahealth provides cloud-based EHR, practice management, and patient billing for physician practices nationwide. Its bundled billing and PM capabilities make it a meaningful competitor and substitute for PhyData's services for small and mid-size practices.
• R1 RCM: R1 RCM is one of the largest outsourced RCM providers in the U.S., serving hospitals and large physician groups. It competes with PhyData in physician-practice RCM but at a substantially larger scale and broader portfolio.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights4 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about Phydata