Promedica Clinic

What Promedica Clinic does

Promedica Clinic, P.C. is a privately held multi-specialty medical practice headquartered in Memphis, Tennessee, operating from two physical sites: a downtown Memphis clinic and a Bartlett-area location. The practice delivers primary and specialty medical care supported by on-site physical therapy, diagnostic imaging, and a telehealth service line, with an additional niche offering in EEG/ERP-based diagnostics for traumatic brain injury and concussion. The practice was founded by Max Foner, M.D. (1932–2014), a former hospital chairman with historical medical-device patent activity, and is currently led by Medical Director Barbara J. Foner, M.D., MPH.

The clinic generates revenue through fee-for-service billing across a diversified payer base, including commercial carriers (Blue Cross/Blue Shield, Mutual of Omaha and others), Medicare, workers' compensation, and auto-accident claims, supplemented by self-pay patients. Operations are supported by 11–50 staff, and patient flow is supplemented by a referral relationship with Care Memphis Clinic. Historical medical device patents traceable to the founder are recorded as expired or lapsed and do not provide current protective value.

The competitive position rests on a small set of attributes: physician-led clinical leadership, two accessible Memphis-metro locations, and a diversified payer mix. The practice operates as a family-led independent clinic with no disclosed external funding, M&A activity, or technology partnerships, and its growth profile is constrained by single-MSA concentration and limited scale.

Name

Promedica Clinic

Legal name

Promedica Clinic, P.C.

Website

https://promedicaclinic.com

Company type

Private

Operating status

Operating

Headcount range

11–50 employees

Short description

Promedica Clinic, P.C. is a privately held, family-led multi-specialty medical practice in Memphis, TN, operating two clinic locations that deliver primary care, physical therapy, diagnostic imaging, telehealth, and EEG/ERP-based TBI diagnostics to insured, Medicare, workers' comp, and self-pay patients.

Ownership category

akta.pro rank

Product category

Outpatient Primary Care & Multi-Specialty Medical Services

NAICS

Offices of Physicians (except Mental Health Specialists) (621111), Offices of Physical, Occupational and Speech Therapists, and Audiologists (621340)

SIC

Services-Offices & Clinics Of Doctors Of Medicine (8011)

akta.pro primary industry

Retail & Walk-In Primary Care Clinics (HLAFAGAC)

akta.pro secondary industry

Outpatient Physical Therapy (PT) Clinics (HLADAJAD)

Keywords

• Primary medical care
• Diagnostic imaging services
• Physical therapy services
• Telehealth appointments
• Medication management services

Headquarters

HQ city

Memphis

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Healthcare Services Revenue: The clinic generates revenue through patient medical services including examinations, treatments, physical therapy, diagnostic imaging, and laboratory services. Revenue is collected through insurance billing (including Medicare) and patient payments. Workers' compensation and auto accident insurance benefits are also accepted for eligible patients.

Go-to-market motion1 record

Distribution channels2 records

Core offering

Promedica Clinic, P.C. is a multi-specialty outpatient medical practice that delivers primary medical examinations and treatment, medication management, and injectables, complemented by on-site diagnostic services (digital radiography, EKG, EEG/ERP testing for TBI and concussion, neurosensory testing, and laboratory analysis) and licensed physical therapy evaluation and treatment. Services are provided by board-certified MDs, physician assistants, and physical therapists at two Memphis, Tennessee locations, with telehealth available for medical and physical therapy visits. The practice accepts Medicare, Workers' Compensation, auto accident insurance, and major private carriers, and serves as a consultant to Blue Cross/Blue Shield and Mutual of Omaha.

Product overview

Promedica Clinic, P.C. is a medical clinic offering a comprehensive range of healthcare services at two Memphis, TN locations. The clinic provides primary medical care including examinations, medication management, and injectables; diagnostic services such as digital radiography, laboratory testing, EKG, neurosensory testing, and EEG/ERP testing for brain injury and cognitive impairment; and rehabilitative physical therapy services. The clinic also offers telehealth appointments for medical visits and physical therapy consultations. All services are delivered by licensed medical doctors (MDs), physician assistants (PACs), and licensed physical therapists.

Differentiator

Problem solved

Functional benefit

Products and services

• Medical Examination and Treatment Primary medical examination and treatment services delivered by licensed MDs and physician assistants (PACs) for general illness and injury care.
• Medication Management Prescription medication management and administration services provided by clinical staff.
• Injectables Injection-based treatments administered by medical professionals.
• Digital Radiography (X-rays) On-site digital X-ray imaging services for diagnostic purposes.
• Laboratory Services On-site laboratory testing and analysis services.
• EKG (Electrocardiogram) Heart rhythm and electrical activity testing using electrocardiography for cardiac assessment.
• Neurosensory Testing Diagnostic testing for sensory function and neurological assessments.
• EEG/ERP Testing Electroencephalography and Event-Related Potential testing for Traumatic Brain Injury (TBI), Cognitive Impairment, and Concussion assessment.
• Physical Therapy Evaluation and Treatment Rehabilitative physical therapy services including evaluation and treatment delivered by licensed physical therapists and assistants on staff.
• Telehealth Appointments Remote medical and physical therapy visits via telemedicine platform for patients who cannot attend in-person appointments, particularly symptomatic patients or those in quarantine.

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

Four partnerships are on record, tiered minor and core.

• Care Memphis ClinicminorOthersSister clinic referral relationship for COVID-19 evaluation. Promedica refers symptomatic patients without a primary care provider to Care Memphis Clinic for assessment. Mutual patient care coordination during the pandemic.
• Blue Cross/Blue ShieldcoreOthersInsurance network partner. Clinic is a consultant to Blue Cross/Blue Shield for medical services.
• MedicarecoreOthersFederal health insurance program partner. Clinic serves as a consultant and accepts Medicare patients.
• Mutual of OmahacoreOthersInsurance network partner. Clinic is a consultant to Mutual of Omaha for medical services.

Scale indicators1 record

Recent moves5 records

Expansion highlights3 records

Direct peers

• American Family Care (AFC): Large urgent care and family care franchise with multiple Tennessee locations including Memphis. Comparable as a walk-in primary/urgent care provider offering on-site diagnostics and treatment for illness, injury, and occupational health.
• NextCare Urgent Care: Multi-state urgent care chain with walk-in primary care, injury treatment, occupational health, and on-site diagnostics. Comparable as a scaled walk-in clinic offering the same core services (illness/injury treatment, X-ray, EKG, lab) plus telehealth.
• Concentra: National occupational health and walk-in primary care provider with extensive employer and workers' compensation relationships. Comparable as a multi-site urgent/walk-in clinic with diagnostic capabilities (X-ray, EKG) and significant workers' comp payer exposure — a scaled-up version of Promedica's model.
• FastMed Urgent Care: Multi-state urgent care chain offering walk-in primary care, injury treatment, and on-site diagnostics (X-ray, lab, EKG). Comparable business model with similar service breadth to Promedica's walk-in primary care and diagnostic offering.

Emerging players

• ATI Physical Therapy: National outpatient physical therapy provider offering rehabilitation, workers' comp injury care, and telehealth PT visits. Comparable on Promedica's physical therapy service line and workers' comp payer exposure, though ATI is PT-only versus Promedica's integrated medical-plus-PT model.

Regional players

• Memphis Health Center: Federally Qualified Health Center (FQHC) in Memphis providing primary care, pediatrics, and ancillary services. Comparable as a community-focused Memphis ambulatory care provider serving similar horizontal patient segments.
• Church Health: Faith-based comprehensive primary care provider based in Memphis, TN serving uninsured and underinsured patients. Directly comparable as a Memphis-headquartered, mission-driven multi-specialty clinic offering primary care, diagnostics, and wellness services to a local patient base.

Broad incumbents

• Baptist Memorial Health Care: Large non-profit hospital system headquartered in Memphis with affiliated primary care and specialty clinics. Comparable as the dominant local incumbent offering overlapping primary care and specialty services in the same Memphis market.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

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 Promedica Clinic