About

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 for patients.

Simplify's Take

What believers are saying

• Collectly raised $29 million in Series A funding, boosting growth and innovation.
• The rise of telehealth increases demand for Collectly's integrated billing solutions.
• Healthcare consumerism trends align with Collectly's mission for transparent billing processes.

What critics are saying

• Artera Marketplace's expansion could challenge Collectly's market share.
• Rapid adoption of Artera's Message API may overshadow Collectly's offerings.
• Hiring engineers from Russia may expose Collectly to geopolitical risks.

What makes Collectly unique

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

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