Healthcare & Life Sciences / Health Insurance & RCM Tech

Best Patient Payments Companies

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What is Patient Payments?

The patient payments market enables healthcare providers to collect payments from patients. The vendors in this space offer online payment portals, mobile payment apps, and other tools that help patients access convenient and flexible payment options as well as better understand their bills and manage their expenses. These solutions also help organizations comply with regulations related to patient privacy and financial transactions in healthcare. Many of these companies also enable healthcare payers to collect payments from members.

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Top Patient Payments Companies

Cedar logo
Cedar

United States / Founded Year: 2016

Cedar operates within the healthcare sector. It offers a platform that integrates billing and insurance information to assist with the payment process for patients and healthcare providers. Its services aim to address the revenue cycle for healthcare providers by focusing on patient payments and loyalty through technology. Th ecompany was founded in 2016 and is based in New York City, New York.

Known Partners

LCMC Health, Novant Health, The Health Management Academy, and 2 more

Key People

Kareem Zaki, Florian Otto, Arel Lidow, and 2 more

Flywire logo
Flywire

United States / Founded Year: 0000

Flywire specializes in the financial technology sector. The company offers a global payments network, a payments platform, and specific software aimed at assisting clients with payment processes across various industries. Flywire's solutions are customized for sectors such as education, healthcare, travel, and business-to-business, allowing integration with existing workflows and systems. Flywire was formerly known as peerTransfer. It was founded in 2011 and is based in Boston, Massachusetts.

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Phreesia logo
Phreesia

United States / Founded Year: 0000

Phreesia provides patient intake software and digital engagement solutions for the healthcare industry. The company offers tools for patient registration, scheduling, and payment processes, and aims to improve patient engagement. Phreesia's solutions serve health systems, multispecialty clinics, and various medical specialties. It was founded in 2005 and is based in Wilmington, Delaware.

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Veradigm logo
Veradigm

United States / Founded Year: 0000

Veradigm is a healthcare technology company that provides solutions and insights aimed at improving healthcare delivery across various sectors. The company offers products and services that address the needs of biopharma, health plans, healthcare providers, and network partners. Veradigm's solutions utilize technology and analytics. It was founded in 1986 and is based in Chicago, Illinois.

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Athenahealth logo
Athenahealth

United States / Founded Year: 0000

Athenahealth specializes in cloud-based healthcare solutions within the health information technology (IT) sector. Its main offerings include electronic health record systems, medical billing and practice management software, and patient engagement tools. athenahealth serves various clients, including provider organizations, health systems, and medical specialties. It was founded in 1997 and is based in Brighton, Massachusetts.

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Known Customers

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Key People

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PayZen logo
PayZen

United States / Founded Year: 0000

PayZen provides patient financing solutions in the healthcare sector. The company has a platform that offers healthcare providers tools to present patients with payment plans and automates revenue cycle processes. PayZen's technology aims to assist in managing patient payment rates and bad debt for healthcare providers. It was founded in 2019 and is based in San Francisco, California.

Known Partners

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Known Customers

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Key People

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All Companies in Patient Payments

HealthBridge logo
HealthBridge

United States / Founded Year: 0000

HealthBridge is a fintech company that provides payment solutions within the healthcare sector. The company offers patient payment plans that allow for payments over time without interest, and facilitates the transfer of unpaid patient balances to healthcare providers on a non-recourse basis. HealthBridge serves the healthcare ecosystem, including patients, systems, and health plans. It was founded in 2017 and is based in Grand Rapids, Michigan.

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Key People

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Inbox Health logo
Inbox Health

United States / Founded Year: 0000

Inbox Health focuses on patient billing and healthcare revenue cycle management in the healthcare industry. The company provides services that automate billing processes and facilitate patient payments. Inbox Health serves healthcare organizations and billing companies. It was founded in 2014 and is based in New Haven, Connecticut.

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Known Customers

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Key People

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PatientFi logo
PatientFi

United States / Founded Year: 0000

PatientFi is a technology-based company specializing in point-of-sale financing within the healthcare sector. The company offers monthly payment plans to patients for out-of-pocket medical and dental procedures. PatientFi partners with various healthcare specialties, including plastic surgery, dermatology, and dentistry, to facilitate these financial solutions. It was founded in 2017 and is based in Irvine, California.

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PayGround logo
PayGround

United States / Founded Year: 0000

PayGround is a company that provides a web-based platform and mobile app for managing, tracking, and paying medical bills from multiple providers using a single login. PayGround serves healthcare providers and patients in the medical billing sector. PayGround was formerly known as Halo.Health. It was founded in 2018 and is based in Gilbert, Arizona.

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Paytient logo
Paytient

United States / Founded Year: 0000

Paytient provides healthcare payment solutions within the financial services sector, offering products that allow individuals to handle out-of-pocket medical expenses over time. The main offering, the Health Payment Account (HPA), enables users to pay for healthcare services with a line of credit that does not accrue interest, designed to function alongside existing health benefits. Paytient serves employers, insurers, and health systems, offering tools that assist in healthcare access and financial management for their members. It was founded in 2018 and is based in Columbia, Missouri.

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Key People

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Rectangle Health logo
Rectangle Health

United States / Founded Year: 0000

Rectangle Health is a company in the healthcare sector, providing solutions for healthcare practices. Their main offering is Practice Management Bridge, which automates billing and payment processes. The company serves the healthcare industry, offering software that addresses practice management and compliance. Rectangle Health was formerly known as Retriever Medical Dental Payments. It was founded in 1992 and is based in Valhalla, New York.

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RevSpring logo
RevSpring

United States / Founded Year: 0000

RevSpring involves in financial communications and payment solutions within the healthcare and financial services sectors. The company offers services such as print, online, phone, email, and text communications, as well as self-service payment options. RevSpring primarily serves North America's healthcare organizations and companies involved in revenue cycle and accounts receivable management. It was founded in 1981 and is based in Nashville, Tennessee.

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Scratch logo
Scratch

United States / Founded Year: 0000

Scratch specializes in providing simple and transparent payment plans for medical financing. The company offers a range of financing solutions that allow patients to manage healthcare costs with flexible repayment terms without negatively impacting their credit scores. Scratch primarily serves the healthcare and wellness sectors by partnering with practices to offer patient financing. It was founded in 2015 and is based in Pasadena, California.

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Key People

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Waystar logo
Waystar

United States / Founded Year: 0000

Waystar specializes in healthcare revenue cycle management solutions within the healthcare technology sector. The company offers a software platform that supports financial clearance, revenue capture, claim management, and payment management for healthcare providers. Waystar's solutions aim to improve the financial performance of healthcare organizations by using AI and advanced automation to streamline processes and assist with patient financial care. Waystar was formerly known as Navicure. It was founded in 2000 and is based in Louisville, Kentucky.

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Our Methodology

The ESP matrix leverages data and analyst insight to identify and rank leading private-market companies in a given technology landscape.

What is Patient Payments?

The patient payments market enables healthcare providers to collect payments from patients. The vendors in this space offer online payment portals, mobile payment apps, and other tools that help patients access convenient and flexible payment options as well as better understand their bills and manage their expenses. These solutions also help organizations comply with regulations related to patient privacy and financial transactions in healthcare. Many of these companies also enable healthcare payers to collect payments from members.

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Market Map

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Do you compete within Patient Payments?

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Your future customers are researching their next tech solution on CB Insights. Make sure they can find you.