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LEHI, Utah - Weave (NYSE: WEAV), a customer experience and payments software platform generating over $204 million in annual revenue with an impressive 71.4% gross margin, has announced a new integration with Veradigm, a provider of healthcare data and technology solutions. This collaboration aims to improve communication workflows for small and medium-sized healthcare businesses using Weave’s platform. According to InvestingPro data, the company maintains a strong financial position with more cash than debt on its balance sheet.
The integration with Veradigm’s Practice Fusion database will allow for automated daily updates of patient contact and appointment information, streamlining administrative tasks for healthcare providers. Additionally, Weave’s VoIP phone system now features Call Pop, which displays patient details during incoming calls for a more personalized interaction.
Other features enabled by the integration include missed-call texts that automatically reach out to patients who did not leave a message, two-way texting to enhance patient engagement, and automated reminders for appointments and follow-ups.
Weave’s platform also supports billing and payment processes, offering Text to Pay and flexible payment options to improve cash flow and practice profitability. The integration is designed to help healthcare practices attract, engage, and retain patients while reducing administrative burdens.
The company emphasizes that by using its intuitive tools, healthcare providers can focus more on delivering care and less on operational tasks. Weave has recently been recognized as a leader in software categories related to patient engagement and practice management.
This partnership reflects Weave’s commitment to connecting the entire customer journey for healthcare businesses, from initial contact to final payment. The integration with Veradigm is part of Weave’s ongoing effort to provide solutions that contribute to the success of patient-centered businesses.
For more information on Weave’s integration with Veradigm, interested parties can visit the company’s website. This news is based on a press release statement from Weave.
In other recent news, Weave Communications reported its fourth-quarter earnings, which fell short of analyst expectations, posting an adjusted loss of $0.09 per share against a consensus estimate of a $0.01 profit. However, the company did report revenue of $54.2 million for the quarter, slightly surpassing the expected $53.23 million and marking an 18.6% increase year-over-year. Looking ahead, Weave Communications projects first-quarter 2025 revenue between $54-55 million, aligning with analysts’ expectations, though its EPS guidance remains broad and unclear. Full-year 2025 revenue guidance is projected at $232-237 million, in line with the consensus of $235.7 million, but EPS projections significantly deviate from analyst expectations.
In other developments, Piper Sandler maintained an Overweight rating on Weave Communications, citing potential growth through product development and partnerships, despite uncertainties regarding the timing of these contributions. Meanwhile, Loop Capital reaffirmed its Buy rating and $18.00 price target, expressing confidence in Weave’s growth potential and strategic direction, especially in expanding market share in sectors like dental and optometry. Both firms see opportunities in Weave’s new capabilities, such as payment processing and artificial intelligence, as avenues for growth. The incoming CFO, Jason Christiansen, is expected to play a crucial role in steering the company through these strategic initiatives.
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