Kareo

Leading provider of cloud-based practice management and EHR solutions for small independent medical practices before merging to form Tebra

Kareo was a healthcare technology company that provided cloud-based medical practice management, electronic health records (EHR), and billing solutions primarily for small independent medical practices and physicians. Founded in 2004, the company positioned itself as an affordable, user-friendly alternative to traditional healthcare IT systems, targeting practices with 10 or fewer physicians. Kareo's platform integrated clinical, billing, and patient engagement tools to help independent practices streamline operations and improve revenue cycle management. In 2020, Kareo merged with PatientPop, a patient acquisition and practice growth platform, to form Tebra. The merger combined Kareo's practice management and billing capabilities with PatientPop's patient engagement and marketing tools. The combined entity operates under the Tebra brand, though both legacy brands continued to be used during the transition period. Prior to the merger, Kareo had raised significant venture capital funding and served tens of thousands of healthcare providers across the United States. While Kareo was not an AdTech company, it operated in the healthcare technology sector focusing on practice management software, EHR systems, and medical billing services. The company's significance lay in democratizing healthcare IT for small practices that previously found enterprise solutions too expensive or complex.