Durham, United States
PatientPay, Inc. is a healthcare-focused startup that offers patient payment solutions to medical groups, hospitals, and revenue cycle management groups. Founded in 2008 and headquartered in Durham, NC, the company specializes in addressing the complex financial challenges in specialty healthcare.
Specializing in industries such as Health Care and Payments, PatientPay has positioned itself as a leading end-to-end patient payment solution for specialty care medical groups and revenue cycle management companies, aiming to capture patient payments throughout the care process. The company's solutions are designed to drive greater patient payment collections than traditional methods, while also reducing the cost associated with capturing these payments.
Notably, PatientPay has been granted three patents for its innovative payment process and is focused on integrating its solutions with various healthcare management software. Through its HIPAA and PCI Level 1 compliant billing, payment, and reporting services, the company aims to streamline processes, reduce call volumes, and minimize the time-intensive, error-prone manual efforts typically associated with patient paper billing methods.
With the last investment of $12.17M in a Venture Round as of 12 October 2021, PatientPay demonstrates continued investor interest in its innovative approach to patient payment solutions. As healthcare consumers increasingly become the largest buyers of healthcare services in the U.S., the company's ability to drive patient payments and provide patients with a simple way to manage their financial obligations positions it well for future growth and success.
