Collectly logo — AI-driven RCM that increases revenue, cuts support calls, ke...

Collectly

AI-driven RCM that increases revenue, cuts support calls, keeps patients happy, and reduces your cost to collect.

Founded 2017 United States San Francisco, United States 93 employees Series A Total: $34.53M

General Information

Company Name Collectly
Founded Year 2017
Location United States San Francisco, United States +2
Employees 93
Funding Stage Series A
Social

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About Collectly

Collectly, founded in 2017 and headquartered in the United States, stands as a pioneering force in the healthcare sector, utilizing AI to revolutionize revenue cycle management (RCM). Their platform aims at maximizing revenue while minimizing costs related to patient billing operations. With the slogan "AI-driven RCM that increases revenue, cuts support calls, keeps patients happy, and reduces your cost to collect," Collectly positions itself as a critical tool for healthcare providers striving to enhance financial performance.

The company’s standout feature, Billie, serves as an ever-available AI-powered billing support representative that remarkably reduces support volume by up to 85%. Collectly ensures seamless workflows with Electronic Health Record (EHR) and Practice Management (PM) integration, promoting a modern, mobile-first approach to patient financial interactions.

A reflection of its growing credibility, Collectly secured a $29.00M Series A investment on July 20, 2023, backed by renowned investors including Y Combinator, Cabra VC, Sapphire Ventures, Burst Capital, Wayfinder Ventures, and Davidovs Venture Collective. Trusted by over 3,000 healthcare organizations, the company exemplifies a robust investment opportunity for stakeholders interested in advancing healthcare's financial experience.

Taxonomy: AI-driven RCM, Patient Financial Experience, Healthcare Revenue Cycle Management, Digital Patient Intake, Automated Billing Processes, Patient Satisfaction Improvement, Administrative Burden Reduction, Cost Reduction in Collections, Multi-channel Patient Communication, EHR Integration, Mobile-first Statements, Self-serve Payment Plans, Insurance Verification Automation, Health System Efficiency, Patient Engagement Technology

Services & Products

AI Agent for Eligibility and Benefits
AI Agent for Patient Billing
Digital Check-In Service
In-Person Payments System
Post-Service Billing Automation
Patient Financial Experience Management

Target Customers

Practices & Medical Groups Billing & RCM Companies Health Systems & Hospitals Insurance Companies EHR/PM Software Companies Private Practices

Funding Rounds & Investors (6)

View All
Funding Stage Amount Investors Lead Investors Date
Series A •••••• 6
Investor Investor Investor Investor Investor
•••• ••••
01 Jul 2023
Series A •••••• 1 •••• •••• 01 Sep 2022
Early VC •••••• 4
Investor Investor Investor Investor
01 Sep 2021
Seed •••••• 1
Investor
01 Jul 2017
Support Program •••••• 10
Investor Investor Investor Investor Investor Investor Investor Investor Investor
•••• ••••
01 Mar 2017

View All 6 Funding Rounds

Collectly Alternatives & Competitors

View All Alternatives
Collectly vs
PatientPay
PatientPay United States

PatientPay creates patient payment solutions for patients, medical groups, hospitals and revenue cyc...

Series Unknown
26 employees
Health Care, Payments
Collectly vs

Leading provider of technology-enabled RCM, real world data, pharma access, and payer risk solutions...

19587 employees
Health Care
Collectly vs
Oncospark
Oncospark United States

Bringing Value through expertise and technology for patients and providers.

269 employees
Information Technology

FAQ About Collectly

AI-driven RCM that increases revenue, cuts support calls, keeps patients happy, and reduces your cost to collect.
Collectly was founded in 2017.
Collectly is headquartered in San Francisco, United States.
Collectly has approximately 93 employees.
Collectly has completed 6 funding rounds, raising a total of $34.53M. The latest funding stage is Series A.
Collectly offers: AI Agent for Eligibility and Benefits, AI Agent for Patient Billing, Digital Check-In Service, In-Person Payments System, Post-Service Billing Automation, Patient Financial Experience Management.
Top alternatives and competitors to Collectly include PatientPay, Omega Healthcare Management Services, Oncospark, ACE Healthcare Solutions. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Collectly and PatientPay are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

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