“Can a merged EHR + practice-growth platform become the vertical operating system — including embedded payments and AI — for independent US medical practices?”
Tebra was formed in November 2021 through the merger of Kareo (cloud EHR / practice management) and PatientPop (practice growth / patient acquisition), unifying clinical, billing, and patient-experience tooling under a single brand for independent US medical practices. Since 2023 the company has increasingly leaned on embedded payments (Tebra Payments powered by Worldpay, plus a Stripe-based Patient Collect option) and AI Smart Staff as its main expansion vectors. The $250M 2025 round from Hildred with J.P. Morgan debt cements its positioning as the vertical operating system for independent US healthcare practices.
Tebra uses SecureTrust for KYC and identity verification.
The Embedded Finance Index 2026 maps 2 layers in Tebra's stack: Payments / PSP (Worldpay and Stripe); KYC (SecureTrust).
Tebra is founded in 2021 and headquartered in Corona del Mar, California, United States.
Tebra has raised $387M in total (latest round: $250M equity + debt (December 2025)).
Get a read on where your own stack stands against Tebra and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.