HealthSpark

HealthSpark offers a business-in-a-box platform for physical therapists who want to run independent practices without building their own back office. Its software and services handle insurance credentialing, eligibility and benefits verification, claims submission and denial follow-up, patient intake and scheduling, documentation workflows, and copay collection. The company also operates a telehealth service through which patients can book video visits with licensed physical therapists.

The platform primarily serves independent physical therapists and small private practices that need payer enrollment, revenue-cycle management, and compliance support but lack clinic-style administrative staff. HealthSpark competes in the healthcare technology, digital health, and practice-management software markets, positioning itself as an outsourced billing and operations layer for therapist-owned practices. It generates revenue by taking a percentage of the collections it processes for providers.