Paytient

Paytient

Platform for managing out-of-pocket medical expenses

About

Paytient provides a platform that helps employees manage their out-of-pocket medical expenses more effectively. The service integrates with existing payroll systems, allowing employees to set up flexible payment plans for their medical costs. This means that instead of paying for healthcare expenses all at once, employees can spread the payments over time, making it easier to afford necessary treatments and medications. Paytient partners with employers and insurers to include this benefit in health plans, which can lead to higher employee satisfaction and retention. The company earns revenue by charging fees to these employers and insurers. The main goal of Paytient is to reduce the financial burden of healthcare costs, ultimately improving employee well-being and productivity.

Company Stage

Debt Financing

Employees

51-200

Industries

Fintech, Financial Services, Healthcare

Total Funding

$35.9M

Headquarters

Columbia, Missouri

Founded

2018


Simplify Jobs

Simplify's Take

What believers are saying

  • Digital health wallets adoption aligns with Paytient's payment flexibility mission.
  • Employer-sponsored financial wellness programs create integration opportunities for Paytient.
  • Healthcare consumerism drives demand for Paytient's expense transparency solutions.

What critics are saying

  • Fintech competition threatens Paytient's market share in healthcare payments.
  • Regulatory scrutiny may lead to stricter compliance for Paytient.
  • Economic downturns could impact revenue from employer partnerships.

What makes Paytient unique

  • Paytient offers Health Payment Accounts integrated with commercial and Medicare plans.
  • The platform facilitates flexible payment plans through payroll system integration.
  • Paytient partners with major employers and insurers like Anthem and Cigna.

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Growth & Insights
Headcount

6 month growth

17%

1 year growth

68%

2 year growth

110%

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