Phreesia : Investor Presentation - January 2022

Investor Presentation

January 2022

DISCLAIMERS AND FORWARD-LOOKING STATEMENTS

This presentation includes express or implied statements that are not historical facts and are considered forward- looking within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act. Forward-looking statements involve substantial risks and uncertainties. Forward-looking statements generally relate to future events or our future financial or operating performance and may contain projections of our future results of operations or

of our financial information or state other forward-looking information. In some cases, you can identify forward-looking statements by the following words:

"may," "will," "could," "would," "should," "expect," "intend," "plan," "anticipate," "believe," "estimate," "predict," "project," "potential," "continue," "ongoing," or the negative of these terms or other comparable terminology, although not all forward-looking statements contain these words. Although we believe that the expectations reflected in these forward-looking statements are reasonable, these statements relate to future events or our future operational

or financial performance and involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or

achievements to be materially different from any future results, performance or achievements expressed or implied by these forward-looking statements. Furthermore, actual results may differ materially from those described in the forward-looking statements and will be affected by a variety of risks and factors that are beyond our control, including, without limitation, statements about our future financial performance, including our revenue, cash flows, costs of

revenue and operating expenses; our anticipated growth; our predictions about our industry; the impact of the COVID-19 pandemic on our business, our

ability to attract, retain and cross-sell to healthcare provider clients and our ability to realize the intended benefits of our acquisitions. The forward-looking statements contained in this release are also subject to other risks and uncertainties, including those more fully described in our filings with the Securities and Exchange Commission ("SEC"), including in our Annual Report on Form 10-K for the fiscal year ended January 31, 2021. The forward-looking statements in this

presentation speak only as of the date on which the statements are made. We undertake no obligation to update, and expressly disclaim the obligation to

update, any forward-looking statements made in this presentation to reflect events or circumstances after the date of this presentation or to reflect new information or the occurrence of unanticipated events, except as required by law.

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OUR MISSION

To create a better, more engaging

healthcare experience

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is Patient Intake

Who we are: Leading provider of comprehensive solutions that transform the healthcare experience by engaging patients in their care

What we do: Enable healthcare provider organizations to optimize operational efficiency, improve profitability and enhance clinical care

How we do it: Software-as-a-Service (SaaS) platform to manage the patient intake process and an integrated patient payments solution for secure processing of patient payments

>2,000 healthcare organizations

>$2.0B

patient payments processed latest twelve months

$197M

Total revenue for latest twelve months

41% total revenue growth latest 12 months

Best in KLAS Patient Intake Management 2019, 2020, 2021

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ATTRACTIVE INDUSTRY TAILWINDS

Staffing	Increasing Patient	Accelerated	Changing care	Patient-Centered
Challenges	Responsibility	Digitization	models	Care

• 1.2M intake staff represent $37B in annual spending
• $3.6T U.S. healthcare spend1
• ~$1.1T U.S. healthcare waste1
• ~$300B admin- related waste1

• $541B out-of- pocket spend by 2027
• HDHPs represent 47% of health plan market2
• Patient payments are hard to collect and reduce cash flow to providers

•	Consumer demand	•	Providers	•	Need to directly
	for information with		incentivized to		reach patients
	speed, efficiency		measure and		when making care
	and accuracy		achieve outcomes		decisions
•	Healthcare	•	Requires high levels	•	Current
	organizations		of documentation,		engagement
	jettisoning manual		and substantive		strategies not as
	and personal		patient		effective as
	administrative tasks		engagement		targeted outreach

1. American Journal of Public Health, December 2020
2. Peterson Center on Healthcare / Kaiser Family Foundation

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