Collectly

Collectly

Tech-enabled patient billing platform for healthcare

About Collectly

Simplify's Rating
Why Collectly is rated
B
Rated B on Competitive Edge
Rated B on Growth Potential
Rated B on Rating Differentiation

Industries

Enterprise Software

Healthcare

Company Size

51-200

Company Stage

Series A

Total Funding

$33.5M

Headquarters

Pasadena, California

Founded

2017

Overview

Collectly is a patient billing platform that improves the medical billing process for healthcare providers by simplifying the payment experience for patients. It integrates with existing Electronic Health Records (EHR) and Practice Management (PM) systems, allowing patients to manage their payment plans online. This platform operates on a subscription model, which helps providers reduce the time spent on billing and collections. Collectly's goal is to enhance cash flow for healthcare providers while making the billing process easier and more transparent for patients.

YC Company
Simplify Jobs

Simplify's Take

What believers are saying

  • Collectly's Series A funding of $29 million supports business expansion and innovation.
  • The rise of telehealth increases demand for integrated billing solutions, benefiting Collectly.
  • Blockchain adoption in healthcare offers Collectly opportunities for secure, transparent transactions.

What critics are saying

  • Artera Marketplace's expansion with 50+ vendors poses a competitive threat to Collectly.
  • Pressure from investors for rapid growth may lead to strategic risks for Collectly.
  • Reliance on Russian engineers could pose geopolitical and workforce management challenges.

What makes Collectly unique

  • Collectly integrates seamlessly with existing EHR and PM systems, enhancing billing efficiency.
  • The platform offers self-served payment plans, increasing patient collections by 23%.
  • Collectly reduces billing inquiries by 80%, improving patient satisfaction and provider efficiency.

Help us improve and share your feedback! Did you find this helpful?

Funding

Total Funding

$33.5M

Above

Industry Average

Funded Over

3 Rounds

Series A funding typically happens when a startup has a product and some customers, and now needs funding to scale. This money is usually used to grow the team, expand marketing, and improve the product. Venture capital firms are frequently the main investors here.
Series A Funding Comparison
Above Average

Industry standards

$15M
$8.2M
Discord
$15M
Canva
$29M
Collectly
$100M
GitHub

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Unlimited Paid Time Off

Stock Options

401(k) Company Match

Student Loan Contribution

Growth & Insights and Company News

Headcount

6 month growth

-3%

1 year growth

0%

2 year growth

1%
PR Newswire
Feb 22nd, 2024
Artera Marketplace Continues Expansion With 50+ Digital Health Vendors

Artera Message API Receives 150+ Million Annual Calls, Demonstrating Deep Market Adoption and Value of Unifying Disparate Patient Communication into a Single ThreadSANTA BARBARA, Calif., Feb. 22, 2024 /PRNewswire/ -- Leading digital health vendors continue to join and connect to the Artera Marketplace with 50+ leading digital health vendors, including new members Azara Healthcare , Health iPASS , Memora Health , Feedtrail , and more. The Artera Marketplace spans the patient journey with the inclusion of vendors across Population Health, Scheduling, Intake, Patient Education, Care Pathways, Billing, Forms, and Patient Survey categories. Today, Artera can deliver a holistic view of every patient interaction across a healthcare providers organization, including every department, channel, user, HIT vendor and EHR - inside or outside of Artera.Artera Marketplace Continues Expansion with 50+ Digital Health Vendors Post this The Artera Marketplace integrates digital health vendors across the HIT ecosystem to deliver a more effective, streamlined communications experience for patients.Proven Adoption of Artera's Open PlatformArtera's Message API (MAPI) is being called upon 150+ million times per year by digital health vendors and EHRs to route content and communications to patients via one trusted provider phone number. Artera's open APIs enable healthcare providers to route communications - from across their organization, and/or third party digital health vendors - through the Artera Harmony platform to deliver an integrated patient communications experience.Artera's API ecosystem includes:Message API (MAPI) : Enables disparate third-party systems to send messages directly to patients through Artera, creating a unified patient and staff experience.: Enables disparate third-party systems to send messages directly to patients through Artera, creating a unified patient and staff experience. Message Deliverability : Enables disparate third-party systems to receive message deliverability status.: Enables disparate third-party systems to receive message deliverability status

Guided Solutions
Jul 25th, 2023
US healthcare fintech Collectly lands $29m Series A funding

US healthcare fintech Collectly lands $29m Series A funding - Funding

TechCrunch
Jul 20th, 2023
Collectly wants to make paying healthcare bills easier so medical providers don’t lose $200B | TechCrunch

Collectly customers have, on average, increased patient collections by 75% and reduced the “days sales outstanding” to 12 days.

ReadWrite
Jul 20th, 2023
Collectly could save medical providers $200 billion

Recognizing its growth and profitability, Collectly recently closed a $29 million Series A funding round, led by Sapphire Ventures, with participation from prominent investors.

RB
Sep 16th, 2021
FinTech-стартап с российскими корнями Collectly привлек $3 млн

Американский FinTech-стартап с российскими корнями Collectly привлек $3 млн инвестиций. Деньги пойдут на масштабирование бизнеса и привлечение кадров, в первую очередь инженеров из России. Об это RB.ru рассказали в пресс-службе фонда TMT Investments, который лидировал в раунде.

Recently Posted Jobs

Sign up to get curated job recommendations

Collectly is Hiring for 0 Jobs on Simplify!

Find jobs on Simplify and start your career today

💡
We update Collectly's jobs every 8 hours, so check again soon! Browse all jobs →