Phreesia, Inc. (NYSE:PHR) Q4 2023 Earnings Call Transcript

Robert Simmons: Got it. That’s very helpful. And then in the letter, you talked about PAM and also about rewarding providers. Can you just give us kind of an example to kind of bring that to light? What would be the example of rewarding a provider in that context?

Balaji Gandhi: Sure. Yes, sure. I mean I think the most straightforward one is the one in the letter, the KCC program, the Kidney Care Choices program. And so it is a performance measure. If you want to participate in that value-based care program with CMS, you have to measure PAM twice and you are measured on that, and your payments are based on how you perform against a bunch of quality measures of which PAM is one. If you care to, you can read some of the rule making around how the payments work from between CMS and the KCC program.

Robert Simmons: Got it. Thank you very much.

Operator: And at this time, I’d like to turn things back to Mr. Chaim Indig for any closing remarks.

Chaim Indig: I just want to thank everyone for joining the call and really excited about the new year. And I just want to thank our team for another great year, and we look forward to one ahead, talk to you all in a couple of months, right? All right.

Balaji Gandhi: Bye-bye.

Operator: And that does conclude today’s conference. Again, thank you all for joining us. You may now disconnect.