8-K - PHR - Equibles

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

___________________________________

FORM 8-K

___________________________________

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (date of earliest event reported)

May 19, 2020

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Phreesia, Inc.

(Exact name of registrant as specified in its charter)

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Delaware<br><br>(State or other jurisdiction of incorporation or organization)	001-38977<br><br>(Commission File Number)	20-2275479<br><br>(I.R.S. Employer Identification Number)

432 Park Avenue South, 12^th^ Floor

New York, New York 10016

(Address of principal executive offices and zip code)

(888) 654-7473

(Registrant's telephone number, including area code)

___________________________________

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading symbol(s)	Name of each exchange on which registered
Common Stock, par value $0.01 per share	PHR	The New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 7.01 Regulation FD Disclosure.

On May 19, 2020, The Commonwealth Fund published a research paper on its website co-authored by researchers at Harvard University and Phreesia that analyzed data on changes in visit volume for the more than 50,000 providers who are Phreesia clients. A copy of the paper is furnished herewith as Exhibit 99.1.

The information in this Item 7.01, including Exhibit 99.1 attached hereto, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1834, as amended, or otherwise subject to the liabilities of that section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as expressly set forth by specific reference in such filing.

Item 9.01 Financial Statements and Exhibits

(d) Exhibits.

Exhibit Number	Description
99.1	Article published May 19, 2020

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: May 19, 2020	Phreesia, Inc.
	By:	/s/ Thomas Altier
	Name:	Thomas Altier
	Title:	Chief Financial Officer

theimpactofthecovid-19pa

5/19/2020 The Impact of the COVID-19 Pandemic on Outpatient Visits: A Rebound Emerges | Commonwealth Fund The Impact of the COVID-19 Pandemic on Outpatient Visits: A Rebound Emerges May 19, 2020 | Ateev Mehrotra, Michael Chernew, David Linetsky, Hilary Hatch, and David Cutler The COVID-19 pandemic has dramatically changed how outpatient care is delivered in health care practices. To decrease the risk of transmitting the virus to either patients or health care workers within their practice, providers are deferring elective and preventive visits, such as annual physicals. When possible, they are also converting in-person visits to telemedicine visits. For their part, many patients are also avoiding visits because they do not want to leave their homes and risk exposure. Also influencing both provider and patient behavior are the evolving local and state recommendations restricting travel and nonessential services. On April 23, we published findings demonstrating that early in the pandemic the number of visits to ambulatory care practices declined by nearly 60 percent. In this new post, we update those data through May 16 and add new results showing how the decline varies by the size of the provider organization. https://www.commonwealthfund.org/publications/2020/apr/impact-covid-19-outpatient-visits 1/7

5/19/2020 The Impact of the COVID-19 Pandemic on Outpatient Visits: A Rebound Emerges | Commonwealth Fund Knowing what impact the COVID-19 pandemic is having on office visits helps us to address several ongoing questions: • What is the clinical impact of the pandemic? Are people who need more health care still visiting their providers? • Are new policies encouraging greater use of telemedicine? • What is the economic impact of the pandemic on health care practices? Researchers at Harvard University and Phreesia, a health care technology company, analyzed data on changes in visit volume for the more than 50,000 providers that are Phreesia clients. During the study period (mid-February to mid-May) there were more than 12 million visits. The following charts illustrate how declines in visits vary by patient type, geographic area, clinical specialty, and size of provider organization. Details on data sources, analyses, and study limitations are available at the bottom of this post. To view commentary on the findings, see our accompanying To the Point post.  Add to ChartCart https://www.commonwealthfund.org/publications/2020/apr/impact-covid-19-outpatient-visits 2/7

5/19/2020 The Impact of the COVID-19 Pandemic on Outpatient Visits: A Rebound Emerges | Commonwealth Fund  Add to ChartCart  Add to ChartCart https://www.commonwealthfund.org/publications/2020/apr/impact-covid-19-outpatient-visits 3/7

5/19/2020 The Impact of the COVID-19 Pandemic on Outpatient Visits: A Rebound Emerges | Commonwealth Fund  Add to ChartCart  Add to ChartCart  Add to ChartCart Data and Analyses Phreesia is a health care technology company that helps ambulatory practices with the patient intake process including registration, insurance verification, patient questionnaires, patient-reported outcomes, and payments. The data reported here come from Phreesia’s clients, which include more than 1,600 provider organizations representing more than 50,000 providers across all 50 states. In a typical year, these provider organizations have more than 50 million outpatient visits, or 1 million visits a week. The provider organizations include independent single-provider practices, multispecialty groups, Federally Qualified Health Centers, and large health systems. Of all visits in a typical week before the pandemic, 47 percent are with primary care physicians (adult and pediatric) and the other 54 percent of visits are spread across more than 25 specialties. Visits with nurse practitioners and physician assistants are included under these 25 other specialties. The data come from several sources at the practices: 1) practice management/scheduling software; 2) check-in information submitted via patients on the Phreesia platform, such as age; and 3) selected data from the electronic health record, such as problem lists. https://www.commonwealthfund.org/publications/2020/apr/impact-covid-19-outpatient-visits 4/7

5/19/2020 The Impact of the COVID-19 Pandemic on Outpatient Visits: A Rebound Emerges | Commonwealth Fund Visits were captured from February 1 through May 17, 2020. A visit was counted if it was in the practice’s scheduling software and the patient was “checked in.” A visit is considered checked in when either the patient or someone at the practice (such as a nursing assistant) filled in the necessary information using the Phreesia platform and the patient was ready to see the provider. Telemedicine visits were identified in the scheduling software based on the appointment type or location. Telemedicine includes both telephone and video visits. The data exclude any new Phreesia clients who joined after February 15th, 2020. All data were analyzed by Phreesia staff in consultation with Harvard researchers. Results were calculated and shared with Harvard researchers in aggregate form as percentage drops from baseline. The baseline for visits was defined as the week of March 1 to 7; a representative week among the practices prior to effects of the pandemic. Visits on holidays (President’s Day, February 17, and Good Friday, April 10) were excluded. Provider organization size is based on the number of independent clinicians and includes physicians, nurse practitioners, psychologists, physician assistants, and social workers. The organization is the financial entity that contracts with Phreesia. It can be a single clinic or be a large health care system that includes numerous clinical sites. The data have limitations. As with any convenience sample of practices, the patterns we observe may not be representative of all practices nationally or regionally. Unscheduled same-day and walk-in visits are typically captured in the scheduling software, but it is possible some unscheduled telephone encounters may not be captured if they were not recorded in the scheduling software. Workflow and documentation practices have likely shifted during the pandemic. In addition, early in the pandemic, providers were still creating processes to designate telemedicine visit types in their scheduling software. As a result, the fraction of all visits identified as telemedicine may be underestimated. Publication Details Publication Date: May 19, 2020 Author: Ateev Mehrotra, Michael Chernew, David Linetsky, Hilary Hatch, David Cutler Citation: https://www.commonwealthfund.org/publications/2020/apr/impact-covid-19-outpatient-visits 5/7

5/19/2020 The Impact of the COVID-19 Pandemic on Outpatient Visits: A Rebound Emerges | Commonwealth Fund Ateev Mehrotra et al., “The Impact of the COVID-19 Pandemic on Outpatient Visits: A Rebound Emerges,” To the Point (blog), Commonwealth Fund, updated May 19, 2020. https://doi.org/10.26099/ds9e-jm36 Topics COVID-19 Health Care Delivery Reform Experts Ateev Mehrotra Associate Professor of Health Care Policy and Medicine, Harvard Medical School Michael Chernew Professor, Departments of Health Management and Policy, Economics, and Internal Medicine, University of Michigan David Linetsky Senior Vice President, Life Sciences, Phreesia Hilary Hatch Vice President, Clinical Engagement, Phreesia David Cutler https://www.commonwealthfund.org/publications/2020/apr/impact-covid-19-outpatient-visits 6/7

5/19/2020 The Impact of the COVID-19 Pandemic on Outpatient Visits: A Rebound Emerges | Commonwealth Fund Otto Eckstein Professor of Applied Economics, Kennedy School of Government, Harvard University © 2020 The Commonwealth Fund. All Rights Reserved. https://www.commonwealthfund.org/publications/2020/apr/impact-covid-19-outpatient-visits 7/7