Tebra Overview
Pro stress-test →Tebra develops integrated healthcare software for independent medical practices, combining electronic health records, practice management, billing, marketing, and patient engagement tools. The platform serves over 140,000 healthcare providers covering more than 120 million patients in the United States.
Strategic Profile
Pro stress-test →The company was formed in November 2021 through the merger of Kareo and PatientPop, combining EHR/billing software with practice growth and patient engagement capabilities. Tebra achieved unicorn status in 2022 with a valuation exceeding $1 billion. In December 2025, the company raised $250 million in equity and debt financing to accelerate AI development across clinical documentation and billing automation.
Competitive Landscape
Pro stress-test →Tebra's top competitors include Modernizing Medicine, Eka Care, and Practice Fusion. Tebra differentiates through integrated all-in-one architecture and focused go-to-market for independent practices (97% of users are small businesses), whereas competitors often serve broader or more fragmented market segments. Unlike enterprise-focused platforms (Epic, Cerner), Tebra emphasizes affordability, ease of onboarding, and patient engagement features.
Industry Context
Tebra operates in Healthcare IT practice management software.
Key facts
Founded: 2021 · Headquarters: Wilmington, US · Employees: 1,069 · Revenue: N/A · Market cap: N/A