The healthcare demands are gradually shifting towards digitization and Pune-based Spry Therapeutics is making waves. It is focusing on physical therapy (PT) software. It has successfully secured $15 million funding from a round led by Flourish Ventures and supported by existing investors such as Together Fund, Fidelity\u2019s Eight Road Ventures and F Prime Capital.<\/p>\n
Spry Therapeutics is already serving 105 clinics in the U.S. and just within a period of 18 months. It has positioned itself at the intersection of healthcare and software innovation. The vision of co-founder Brijraj Bhuptani is to dive deep into the U.S. healthcare market. The U.S. healthcare industry is often viewed as a $4 trillion monolith and Bhuptani wisely points out a collection of $4 billion opportunities that is waited to be addressed.<\/p>\n
Spry is currently focusing more on solving specific problems in physical therapy practices such as managing insurance claims and integrating billing as well administrative tasks. It is making easier for small PT clinics to function in a highly complex healthcare sector. Many software companies may attempt to cover a wide range of healthcare services and the decision of Spry is to specialize in physical therapy.<\/p>\n
The ability of Spry to leverage India\u2019s deep pool of tech talent and particularly in healthcare claims processing for the U.S. gives it a competitive edge. Kabir Kumar of Flourish Ventures said that this is a market that desperately needs digital tools to streamline operations.<\/p>\n
The healthcare industry is crowded with software providers and Spry stands out by offering a product that addresses the real-world challenges PT clinics face. As the company expands its U.S. operations with this latest round of funding, its growth will be worth watching.<\/p>\n","protected":false},"excerpt":{"rendered":"