Healthcare / Healthcare Providers

Patient Payment Platforms

EXECUTION STRENGTHMARKET STRENGTHLEADERHIGHFLIEROUTPERFORMERCHALLENGER

What is Patient Payment Platforms?

Patient payment platforms leverage omnichannel communications strategies and modern payment options to improve collections and patient satisfaction with medical billing.

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Leaders

Leaders are the most established service providers in the market and possess the breadth to address various customer needs.

See why these companies made it as leaders for Patient Payment Platforms. These companies include Cedar and RevSpring.

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Cedar

United States / Founded Year: 2016

Cedar enables health systems and medical practices across the country to elevate the patient experience beyond clinical care. The platform leverages advanced data science, machine learning, and smart segmentation to deliver modern, consumer-friendly ways for patients to pay their bills in a personalized, convenient and flexible manner — supported by AI-enabled chat, text, email, and call centers.

Key People

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

RevSpring logo
RevSpring

United States

RevSpring is a provider of multi-channel billing and communications solutions to the healthcare and financial services industries. RevSpring helps customers accelerate revenue through an end-to-end platform of offerings that includes physical and electronic invoices, consumer payment portals, data cleansing solutions, and analytics tools that validate consumer identities and optimize engagement. The Company serves a large and diverse customer base across the accounts receivables management, healthcare, home services, financial services, and other end-markets.

Key People

Scott MacKenzie, Tim Schriner, Steve Callis, and 2 more

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Inbox Health

United States / Founded Year: 2013

Inbox Health develops software that automates patient billing while monitoring patient interaction with the bill and facilitating the payment through debit, credit or bitcoin transactions. Healthcare providers have access to in-depth analytics, providing insights into patient interaction with bills and payments.

Key People

Blake Walker, Dave Toole, Charles Gamble, and 2 more

Highfliers

Highfliers are the most innovative service providers in the market and possess the resources to address evolving customer needs.

See why these companies made it as highfliers for Patient Payment Platforms. These companies include Finpay.

Finpay logo
Finpay

United States / Founded Year: 2015

Finpay is a platform to provide patients with financing solutions at point-of-care so that they are able to afford the healthcare they need. The company aims to deliver a patient financial experience that mirrors the high-quality clinical care they receive from their doctor.

Known Partners

Spark Biomedical

Key People

Christopher Wolfington, Tim Kowalski, Magdalena Maladyn, and 2 more

Outperformers

Outperformers are the most specialized service providers in the market and possess the expertise to address unique customer needs.

See why these companies made it as outperformers for Patient Payment Platforms. These companies include VisitPay and Patientco.

VisitPay logo
VisitPay

United States / Founded Year: 2010

VisitPay is a platform that merges provider and health plan data into one easy-to-understand application. This seamless, singular point of interaction radically reshapes the billing experience, providing patients with a consolidated view across their provider and health plan, and ultimately giving them greater transparency, choice, and control.On May 4th, 2021, VisitPay was acquired by R1 RCM at an approximate valuation of $300M.

Known Partners

TransUnion, ProHealth Care, Enli, and 5 more

Key People

David Smith, Vincent Martino

Patientco logo
Patientco

United States / Founded Year: 2008

Patientco is a payment technology company built specifically for healthcare. The company simplifies the payment experience that exists in healthcare by providing one place for every patient payment.On July 15th, 2021, Patientco was acquired by Waystar at a valuation of $450 million.

Key People

Dan Krzmarzick, Heather George MBA

Health iPASS logo
Health iPASS

United States

Health iPASS provides a patient revenue cycle platform which aims to improve the patient experience from appointment to payment by giving providers the tools to simplify the check-in process and streamline time-of-service and residual balance, patient payments. The solution automates a host of front- and back-office financial management tasks, such as appointment reminders via SMS and e-mail, patient check-in and intake forms, verification of insurance benefits, and automatic posting of demographic and payment information into a medical practice management system.On December 17th, 2020, Health iPASS was acquired by Sphere. Terms of the transaction were not disclosed.

Known Customers

DJO, Ogden Clinic

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Rivet

United States / Founded Year: 2018

Rivet provides software that enables a medical practice to deliver accurate patient cost estimates and ensure the payers are performing.

Key People

Ted Ferrin, Paul Draper, Marc Maloy

Challengers

Challengers are the most promising service providers in the market and possess the agility to address emerging customer needs.

See why these companies made it as challengers for Patient Payment Platforms. These companies include Salucro Healthcare Solutions.

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Salucro Healthcare Solutions

United States / Founded Year: 2004

Salucro Healthcare Solutions develops online payment processing systems for a wide range of clients, including government agencies, hospital systems, and other businesses.

Key People

Darcy Scibetta, Rebecca Truscott

What is Patient Payment Platforms?

Patient payment platforms leverage omnichannel communications strategies and modern payment options to improve collections and patient satisfaction with medical billing.

Selling a product or service?
Reach more buyers.

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

Claim your CB Insights Profile