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About Paytient
Industries
Financial Services
Healthcare
Company Size
51-200
Company Stage
Debt Financing
Total Funding
$84.4M
Headquarters
Columbia, Missouri
Founded
2018
Overview
Paytient offers a payroll-integrated platform that helps employees manage out-of-pocket medical costs by setting up flexible repayment plans. It works through partnerships with employers and insurers, integrating with payroll to collect repayments over time instead of upfront payments at care moments. Unlike standalone financing, Paytient embeds this benefit within health plans via employer/insurer collaborations to ease short-term financial burden and boost satisfaction. The goal is to reduce healthcare financial stress, improve well-being and productivity, and support employer retention by making medical costs more affordable over time.
Simplify's Take
What believers are saying
- Secured $40M from Trinity Capital in 2025 to expand into ACA and Medicare markets.
- Serves 23M members and 6,000 employers including Anthem, Centene, Cigna by 2025.
- Launched Paytient Care telehealth and added Dayne Williams to board for growth.
What critics are saying
- CFPB classifies HPA as consumer credit, imposing bank-level compliance in 12 months.
- UnitedHealth embeds native payments, undercutting Paytient partnerships in 18 months.
- Recession spikes defaults on HPAs, absorbing losses in 2026.
What makes Paytient unique
- Paytient's HPA offers interest-free credit up to $10k for medical, dental, vision, pharmacy, mental health, and vet care.
- HPA integrates seamlessly with payroll systems like Paychex and Paylocity without credit checks.
- Paytient provides transaction insights into employee healthcare spending for benefit optimization.
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Funding
Total Funding
$84.4M
Above
Industry Average
Funded Over
4 Rounds
BoxGroupBenefits
Health Insurance
Dental Insurance
Vision Insurance
Health Savings Account/Flexible Spending Account
Unlimited Paid Time Off
401(k) Company Match
401(k) Retirement Plan
Parental Leave
Stock Options
Growth & Insights and Company News
6 month growth
↑ 0%1 year growth
↑ 6%2 year growth
↑ 11%/PRNewswire/ -- Paytient, the healthcare payments company helping people better access and afford care, has secured $40 million from Trinity Capital, a trusted...
Paytient has secured $40 million from Trinity Capital to support its expansion into large group employer-sponsored plans, alternative health plans, the ACA marketplace, and Medicare. The funding will help Paytient enhance its cost-smoothing solutions, which are becoming standard in health plan benefits. Paytient currently serves over 23 million members and partners with nearly 7,000 employers, insurers, and providers. The company aims to make cost-smoothing a standard part of every health plan.
Paytient is pleased to announce the appointment of Dayne Williams to its Board of Directors.
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Paytient is Hiring for 6 Jobs on Simplify!
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About Paytient
Industries
Financial Services
Healthcare
Company Size
51-200
Company Stage
Debt Financing
Total Funding
$84.4M
Headquarters
Columbia, Missouri
Founded
2018
Paytient is Hiring for 6 Jobs on Simplify!
Find jobs on Simplify and start your career today