Therapy Partners (TPI)

What Therapy Partners (TPI) does

Therapy Partners (TPI) is a privately held coordinated management services network founded in 1999 and headquartered in St. Paul, Minnesota. The company operates as a collective that supports independent outpatient physical therapy practices by providing shared infrastructure and centralized administrative services. As of the available data, the network comprises 73 clinics across 26 independent practice groups in 5 U.S. states, collectively serving approximately 280,000 patients annually. TPI's stated mission is to strengthen independent practices so they can maintain clinical autonomy while accessing infrastructure typical of larger healthcare systems.

The company's core service portfolio is organized around three branded offerings — Practice Support & Consulting, Collective Strength for Independent Clinics, and Revenue + Billing Management — augmented by supporting services in credentialing, compliance, EMR optimization, and data-driven analytics. The underlying technology stack is a coordinated management services platform integrating revenue cycle management, payer operations, billing systems, compliance frameworks, and EMR optimization. Patient-facing functionality includes a bill payment portal integrated with PromptEMR and SecureBillPay. The company does not disclose any AI/ML capabilities, proprietary technology patents, or differentiated software IP beyond its integrated service workflows.

TPI operates on a subscription/recurring managed services model, where member clinics pay for ongoing access to centralized administrative, billing, compliance, and operational support. The go-to-market is consultative and direct, primarily driven through the company website, consultation requests, and relationship-based outreach to independent PT practice owners. The company is privately held with no disclosed institutional ownership, funding rounds, or acquisitions, and employs a lean corporate staff of 5 at the collective level. Geographic reach is concentrated in the Midwest and Western United States, with no disclosed international operations.

Name

Therapy Partners (TPI)

Legal name

Therapy Partners

Website

https://therapypartners.com

Company type

Private

Founded year

1999

Operating status

Operating

Short description

Therapy Partners (TPI) is a privately held managed services collective founded in 1999 that supports 73 independent physical therapy clinics across 26 practice groups in 5 U.S. states with revenue cycle management, billing, compliance, and EMR optimization services.

Ownership category

akta.pro rank

Product category

Physical Therapy Practice Management Services

NAICS

Offices of Physical, Occupational and Speech Therapists, and Audiologists (62134), Offices of Other Health Practitioners (6213), Ambulatory Health Care Services (621)

SIC

Services-Specialty Outpatient Facilities, Nec (8093), Services-Management Consulting Services (8742)

akta.pro primary industry

Outpatient Physical Therapy (PT) Clinics (HLADAJAD)

akta.pro secondary industry

Multidisciplinary Outpatient Rehab Centers (PT/OT/SLP) (HLADAJAG)

Keywords

• Physical therapy management
• Revenue cycle management
• Practice consulting services
• EMR optimization
• Healthcare collective network

Headquarters

HQ city

St. Paul

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, Marketing or Sales, Infrastructure

Revenue model

1. Managed Services Fees: Therapy Partners generates revenue by providing coordinated management services to independent physical therapy practices. Member clinics pay for access to shared infrastructure including revenue cycle management, billing services, credentialing, compliance support, EMR optimization, and practice consulting. The model is subscription-based where practices pay for ongoing operational support and administrative services.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

Therapy Partners (TPI) operates as a coordinated management services network that supports independent outpatient physical therapy practices with revenue cycle management, billing, credentialing, compliance support, EMR optimization, data-driven analytics, and strategic practice consulting. Member clinics retain clinical autonomy and ownership while gaining access to shared administrative infrastructure and payer operations support across a network spanning 73 clinics and 26 independent practices in 5 U.S. states.

Product overview

Therapy Partners (TPI) is a coordinated management services network for independent physical therapy practices. The company operates as a unified platform combining multiple service modules: Practice Support & Consulting provides operational guidance; Revenue + Billing Management handles managed revenue cycle services; Credentialing Services manage provider credentials; Compliance Support ensures regulatory adherence; EMR Optimization maximizes electronic medical record efficiency; and Data-Driven Analytics delivers performance insights. The company also offers a Patient Bill Payment Portal integrated with PromptEMR and SecureBillPay. TPI connects 73 clinics across 26 independent practices in 5 states through shared resources, standards, and infrastructure while preserving clinical autonomy for member practices.

Differentiator

Problem solved

Functional benefit

Products and services

• Practice Support & Consulting
• Revenue + Billing Management
• Collective Strength for Independent Clinics
• Credentialing Services
• Compliance Support
• EMR Optimization
• Data-Driven Analytics
• Patient Bill Payment Portal

Quantifiable outcome

• 73 clinics across 26 independent practice groups serving 280,000 patients

Named customers26 records

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

Feature4 records

Partnerships

Ten partnerships are on record, tiered core.

• Motion (Utah)coreChannel Partner/ Reseller/ DistributorMotion is a member clinic within the Therapy Partners network operating in Utah. The clinic provides physical therapy services and is part of the collective of independent practices supported by Therapy Partners.
• Alpine Physical TherapycoreChannel Partner/ Reseller/ DistributorAlpine Physical Therapy is a member clinic of the Therapy Partners network. The clinic provides outpatient physical therapy services as part of the collective model.
• Integral Physical TherapycoreChannel Partner/ Reseller/ DistributorIntegral Physical Therapy is a member clinic within the Therapy Partners network. The clinic provides physical therapy services as part of the independent practice collective.
• Olakino Physical TherapycoreChannel Partner/ Reseller/ DistributorOlakino Physical Therapy is a member clinic of Therapy Partners. The clinic provides physical therapy and wellness services as part of the network.
• Accelerated Sports Therapy & FitnesscoreChannel Partner/ Reseller/ DistributorAccelerated Sports Therapy & Fitness is a member clinic providing sports therapy and fitness services. Part of the Therapy Partners network of independent PT practices.
• Achieve Health & WellnesscoreChannel Partner/ Reseller/ DistributorAchieve Health & Wellness is a member clinic providing health and wellness physical therapy services within the Therapy Partners network.
• Creekside Physical TherapycoreChannel Partner/ Reseller/ DistributorCreekside Physical Therapy is a member clinic of Therapy Partners providing outpatient physical therapy services.
• Crossover PTcoreChannel Partner/ Reseller/ DistributorCrossover PT is a member clinic within the Therapy Partners network providing physical therapy services.
• OrthologycoreChannel Partner/ Reseller/ DistributorOrthology is a member clinic of Therapy Partners providing physical therapy services as part of the independent practice collective.
• OSI Physical TherapycoreChannel Partner/ Reseller/ DistributorOSI Physical Therapy is a member clinic within the Therapy Partners network of independent PT practices.

Scale indicators5 records

Recent moves5 records

Expansion highlights8 records

Direct peers

• US Physical Therapy, Inc. Publicly traded operator of outpatient physical therapy clinics (~600+ clinics). Closest publicly comparable in PT services, though it owns clinics rather than serving independents, making TPI's MSO model a distinct but adjacent value proposition.
• ATI Physical Therapy: Large outpatient PT and sports medicine provider with hundreds of clinics across the U.S. Directly competes for the same patient base and physician referral channels as TPI's member clinics.
• Athletico Physical Therapy: Private equity-owned outpatient PT chain operating across the U.S. Mid-size PT operator that competes for both same patients and the pool of independent PT practices TPI is signing up.
• Upstream Rehabilitation: Large outpatient PT and occupational therapy platform with hundreds of clinics. Comparable geographic and operating model footprint to TPI's member network.
• CORA Physical Therapy: Outpatient PT chain with broad clinic footprint across the Southeast and Midwest. Competes directly with TPI's member clinics for patients and referrals.
• BenchMark Physical Therapy: Outpatient PT chain operating across the Southeastern U.S. Direct competitor in the same outpatient PT services category TPI's members operate in.

Broad incumbents

• Select Medical Holdings: Large publicly traded rehab, outpatient, and critical illness recovery provider. Operates outpatient rehab clinics that overlap with TPI's member clinic offerings as part of a broader portfolio.
• Concentra Group Holdings: Occupational health and physical therapy provider with hundreds of clinics; competes with TPI members in PT and adjacent occupational/employer services.

Others

• WebPT: Leading EMR and practice management software for physical therapists. Adjacent to TPI's EMR optimization offering and a potential technology partner or substitute for member clinics.
• Net Health: Specialty EMR and practice management for rehab therapy, wound care, and other outpatient settings. Adjacent technology vendor serving the same PT clinic buyers as TPI.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 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 Therapy Partners (TPI)