Healthcare software company Phreesia goes public: 3 things to know

Phreesia, a New York City-based company developing patient intake software customized to a hospital's needs, went public on the New York Stock Exchange on July 18.

Here are three things to know about the company's public debut:

1. After initially being priced at $18 per share, Phreesia opened at $26.75 under the ticker symbol PHR, Yahoo! Finance reports. In its first day on the market, shares climbed as high as $27.59.

2. The company filed June 21 with the Securities and Exchange Commission to raise up to $125 million in its initial public offering; Phreesia reportedly posted $104 million in sales for the 12 months ending April 30.

3. Phreesia's software handles appointment verification, mobile check-in, patient data gathering, insurance checking and copay collection. The technology therefore reduces wait times and improves patient experience, while also reducing costs and overall care quality in the long-term.

"We continuously partner with lots of companies all throughout the healthcare ecosystem, because we don't think one company could change healthcare," CEO Chaim Indig told Yahoo! Finance. "We think being a public company gives us the ability to remain independent for a long, long time, and continue building on that mission of improving the healthcare experience for all the stakeholders."

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