Former employees publicly reported that Luna continued a reduction in force affecting the Dallas-Fort Worth market and other areas. The company has not been found to have publicly disclosed the size or scope of the reduction.
SourcePublic company, workplace, funding, and market signals
Updated Aug 16, 2026
Luna is a privately held health-tech company founded in 2018 that provides one-on-one, outpatient physical therapy in patients’ homes. Its technology coordinates patients, licensed therapists, physicians, health systems, scheduling, billing, documentation, and care tracking.
Primary product
Technology-enabled, in-home outpatient physical therapy platform and care-delivery service, including the Luna patient/therapist apps, Physician Dashboard, Auto-Charting, and Luna Labs AI tools.
Founded
2018
Headquarters
Nashville, Tennessee, United States
Team size
500-1,000
Work style
Hybrid
Industry
Healthcare technology
Sub-industry
Outpatient physical therapy, musculoskeletal care, digital health, and in-home care delivery
Offices
Business model
Stage
Late-stage venture/private company; generating revenue
Total raised
$122.3M
Latest round
Series C Exchange · May 2025
Latest amount
$85.5M
May 2025 · Undisclosed investors
Dec 2023 · Free Solo Ventures
Dec 2023
May 2023 · What If Ventures
Jun 2022 · MBX Capital and Spark Growth Ventures
Jun 2022 · MBX Capital and Spark Growth Ventures
Jun 2022 · MBX Capital and Spark Growth Ventures
Jun 2022 · MBX Capital and Spark Growth Ventures
Jun 2022 · MBX Capital and Spark Growth Ventures
Jun 2022 · MBX Capital and Spark Growth Ventures
Jun 2022 · Bramalea Partners
Jun 2020 · Wavemaker Three-Sixty Health
Jun 2019 · 8VC and Wavemaker Three-Sixty Health
Feb 2018
Feb 2018
Leadership
Steve Waldman, MD, JD, MBA
Chief Executive Officer
Co-Founder and Head of Clinical Services
Ryan Gaffney
Co-Founder and Chief Technology Officer
Lily Beltran
Co-Founder and Head of Operations / Marketplace Operations
Amber Mauro, PHR
Chief People Officer; Talent Acquisition and People Operations
RaeAnn Grossman
Chief Growth Officer
Founders
Co-Founder and Head of Clinical Services
Company materials emphasize the values “care exceptionally,” “incredibly relentless,” “make an impact,” and “1% better every day.” Luna describes a people-first, mission-driven, autonomous, collaborative culture with structured career paths, mentorship, employee-led initiatives, and a focus on patient and therapist experience. These claims are primarily self-reported by Luna.
Work style
Hybrid
Compensation
Corporate job postings surfaced by Luna list approximately $18-$20+ per hour for several contact-center, scheduling, and account-management roles. Luna recruiting materials describe competitive compensation, stock options, bonuses, and benefits. Physical therapists are generally engaged as independent contractors with regionally based per-visit rates; specific rates vary by market and are not publicly standardized.
Benefits
Pricing
Insurance-reimbursed care using commercial insurance, Medicare, and Medicare Advantage; patients generally pay the applicable copay for covered visits. Luna also offers private-pay physical therapy at a flat fee in some markets. Exact cash pricing varies by location.
Differentiators
Technology
Customers
Competitors
Estimated revenue
$1M-$10M based on a third-party company-data estimate; this conflicts with a former CEO profile claiming a $100M run rate, so the figure should be treated as highly uncertain and not company-confirmed.
Estimated monthly visits
111.8K
Traffic estimate as of Jun 2026
Former employees publicly reported that Luna continued a reduction in force affecting the Dallas-Fort Worth market and other areas. The company has not been found to have publicly disclosed the size or scope of the reduction.
SourceA former Luna employee publicly stated that they were affected by a recent workforce reduction. This is employee-reported evidence rather than an official company announcement.
SourceLuna · May 2026
Luna announced that it had surpassed two million in-home PT visits, describing the milestone as evidence of continued operational and technology-enabled scale.
Business Wire · Mar 2026
Luna selected MediStreams to automate lockbox payments, remittance processing, correspondence indexing, and other revenue-cycle workflows as it expands nationally.
Luna / Forbes · Apr 2025
Luna reported ranking #61 overall on Forbes’ Best Startup Employers list, #1 in musculoskeletal care, and #3 in Healthcare/Lifestyle & Health.
Luna · Feb 2025
Luna reported more than 85,000 patients served, 1.2 million visits, over $40 million paid to therapists, 3,100+ treating therapists, 350+ corporate employees, and partnerships with 25 hospital systems during 2024.
PR Newswire · Dec 2024
Luna and Duke Health announced a collaboration intended to expand access to in-home outpatient PT for more than 1.3 million residents, with appointments planned to begin in February 2025.
95 jobs at Luna