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Nancy Ham

๐Ÿ‘ค Speaker
177 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
972 How Battery Paid Off Early Shareholders in Secondary Offering of $40m+ ARR Health Tech Company WebPT

Yes.

SaaS Interviews with CEOs, Startups, Founders
972 How Battery Paid Off Early Shareholders in Secondary Offering of $40m+ ARR Health Tech Company WebPT

Well, in the beginning, 10 years ago, pretty much physical therapy was what we call single shingles.

SaaS Interviews with CEOs, Startups, Founders
972 How Battery Paid Off Early Shareholders in Secondary Offering of $40m+ ARR Health Tech Company WebPT

So a therapist graduated from school, opened their practice, so they're an entrepreneur and they're a clinician.

SaaS Interviews with CEOs, Startups, Founders
972 How Battery Paid Off Early Shareholders in Secondary Offering of $40m+ ARR Health Tech Company WebPT

And so we have about 10,000 customers for those smaller groups.

SaaS Interviews with CEOs, Startups, Founders
972 How Battery Paid Off Early Shareholders in Secondary Offering of $40m+ ARR Health Tech Company WebPT

But now the industry's, I'll say, growing up and changing.

SaaS Interviews with CEOs, Startups, Founders
972 How Battery Paid Off Early Shareholders in Secondary Offering of $40m+ ARR Health Tech Company WebPT

Private equity money is coming in and creating bigger chains.

SaaS Interviews with CEOs, Startups, Founders
972 How Battery Paid Off Early Shareholders in Secondary Offering of $40m+ ARR Health Tech Company WebPT

So now we have customers that range from big hospital systems like MedStar in D.C.

SaaS Interviews with CEOs, Startups, Founders
972 How Battery Paid Off Early Shareholders in Secondary Offering of $40m+ ARR Health Tech Company WebPT

to people who are running 20 clinics, 50 clinics, 100 clinics.

SaaS Interviews with CEOs, Startups, Founders
972 How Battery Paid Off Early Shareholders in Secondary Offering of $40m+ ARR Health Tech Company WebPT

So we now have an interesting mix of customers.

SaaS Interviews with CEOs, Startups, Founders
972 How Battery Paid Off Early Shareholders in Secondary Offering of $40m+ ARR Health Tech Company WebPT

Still, we love those out of school entrepreneurs who are opening their clinic for the first time.

SaaS Interviews with CEOs, Startups, Founders
972 How Battery Paid Off Early Shareholders in Secondary Offering of $40m+ ARR Health Tech Company WebPT

up to our very large, sophisticated clients now.

SaaS Interviews with CEOs, Startups, Founders
972 How Battery Paid Off Early Shareholders in Secondary Offering of $40m+ ARR Health Tech Company WebPT

So our classic customer is that single clinic practitioner and they're paying us about $350 a month.

SaaS Interviews with CEOs, Startups, Founders
972 How Battery Paid Off Early Shareholders in Secondary Offering of $40m+ ARR Health Tech Company WebPT

We do.

SaaS Interviews with CEOs, Startups, Founders
972 How Battery Paid Off Early Shareholders in Secondary Offering of $40m+ ARR Health Tech Company WebPT

Yes, but that's a thousand.

SaaS Interviews with CEOs, Startups, Founders
972 How Battery Paid Off Early Shareholders in Secondary Offering of $40m+ ARR Health Tech Company WebPT

We have 10,000 clinics.

SaaS Interviews with CEOs, Startups, Founders
972 How Battery Paid Off Early Shareholders in Secondary Offering of $40m+ ARR Health Tech Company WebPT

And we have tens of thousands of physical therapists in those clinics.

SaaS Interviews with CEOs, Startups, Founders
972 How Battery Paid Off Early Shareholders in Secondary Offering of $40m+ ARR Health Tech Company WebPT

Some clinics could have 50 therapists and some could just have one.

SaaS Interviews with CEOs, Startups, Founders
972 How Battery Paid Off Early Shareholders in Secondary Offering of $40m+ ARR Health Tech Company WebPT

Yeah, we have more than 50,000 users.

SaaS Interviews with CEOs, Startups, Founders
972 How Battery Paid Off Early Shareholders in Secondary Offering of $40m+ ARR Health Tech Company WebPT

Wow.

SaaS Interviews with CEOs, Startups, Founders
972 How Battery Paid Off Early Shareholders in Secondary Offering of $40m+ ARR Health Tech Company WebPT

And maybe a different way to help your audience understand this is we have about 30% of the market, right?