
Yoomi
Improving the standard of care in physical therapy using real-time feedback on exercise form.
Date | Investors | Amount | Round |
---|---|---|---|
N/A | €0.0 | round | |
investor | €0.0 | round | |
N/A | €0.0 | round | |
* | N/A | Acquisition | |
Total Funding | 000k |
USD | 2023 |
---|---|
Revenues | 0000 |
EBITDA | 0000 |
Profit | 0000 |
EV | 0000 |
EV / revenue | 00.0x |
EV / EBITDA | 00.0x |
R&D budget | 0000 |
Source: Dealroom estimates
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Yoomi, founded in 2020 by Ben Catania (CEO), Jack Fan (CPO), and Joseph Whelan (CTO), operates as a practice management solution for physical and occupational therapy clinics. The New York-based company was acquired by Raintree Systems, a provider of electronic medical records (EMR) for the rehab therapy sector, on January 24, 2025. This acquisition is set to accelerate the integration of AI-driven tools into Raintree's platform.
Yoomi's business centers on a suite of software tools designed to streamline clinic operations, enhance patient care, and increase revenue for its clients, which include hospitals and private practices. The company generates revenue by providing its platform to therapy organizations, helping them automate documentation, billing, and patient engagement. A key feature is its Remote Therapeutic Monitoring (RTM) system, which enables providers to generate additional revenue, potentially over $160 per patient per month, by monitoring patient activities remotely. The platform simplifies insurance reimbursement by automatically tracking billable events and capturing the necessary codes for claims.
The company's product is a multi-faceted platform that can be used as an all-in-one solution or as standalone modules. A core component is an AI Scribe that listens to patient sessions or provider dictations to automatically generate evaluation, progress, and treatment notes. Another significant feature is the Home Exercise Platform (HEP), which includes a library of over 600 exercises that therapists can use to create custom patient programs. To boost patient adherence, Yoomi uses motion-tracking technology to provide real-time feedback on exercise form and gamifies the experience with rewards. This is delivered through the Yoomi Health mobile app, which also includes secure chat, progress tracking, and automated reminders to keep patients motivated.
Prior to its acquisition, Yoomi had secured $310K in a seed funding round and gained recognition by winning a contest judged by Mark Cuban. The company also partnered with institutions like Rutgers Robert Wood Johnson Medical School to study the effectiveness of its technology in improving patient outcomes. Keywords: physical therapy practice management, remote therapeutic monitoring, RTM, AI medical scribe, home exercise program, HEP, patient engagement platform, rehab therapy software, occupational therapy tools, motion-tracking technology, clinical documentation automation, medical billing software, patient adherence, digital health, Raintree Systems, Ben Catania, healthcare AI, EMR integration, therapy EMR, patient recovery