Phreesia Inc
For the period ended Dec 9, 2024. Filed Dec 9, 2024.
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Dec 9, 2024 · Filed Dec 9, 2024
Contents
EX-99.1 · Additional Information
Additional Information
| Three months ended October 31, | Nine months ended October 31, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Patient payment volume (in millions) | $1,081 | $965 | $3,340 | $2,970 |
| Payment facilitator volume percentage | 81% | 82% | 81% | 82% |
Patient payment volume. We believe that patient payment volume is an indicator of both the underlying health of our healthcare services clients’ businesses and the continuing shift of healthcare costs to patients. We measure patient payment volume as the total dollar volume of transactions between our healthcare services clients and their patients utilizing our payment platform, including via credit and debit cards that we process as a payment facilitator as well as cash and check payments and credit and debit transactions for which we act as a gateway to other payment processors.
Payment facilitator volume percentage. We define payment facilitator volume percentage as the volume of credit and debit card patient payment volume that we process as a payment facilitator as a percentage of total patient payment volume. Payment facilitator volume is a major driver of our payment processing revenue. Our payment facilitator volume percentage could decline slightly over time should we increase our penetration of enterprise customers that are less likely to use Phreesia as a payment facilitator.
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