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Rivia Health

Automates patient payments within revenue cycle

Overview

Rivia Health helps healthcare providers streamline patient payments by automating and digitizing the payment process within existing revenue cycle systems. It uses a mobile-first platform that integrates with current billing data to present patients with a convenient way to pay and automatically post payments to the practice's accounting, reducing AR and overhead. The model relies on subscriptions plus transaction fees, so providers don’t need to replace their workflows. The goal is to improve cash flow, financial performance, and patient satisfaction by making billing smoother and more digital.

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About Rivia Health

Simplify's Rating
Why Rivia Health is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Data & AnalyticsEnterprise SoftwareFintechHealthcare

Company Size

11-50

Company Stage

Seed

Total Funding

$10M

Headquarters

Tempe, AZ

Founded

2018

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Simplify's take

What believers are saying

  • Alline Laboratory cut patient AR days 85% in 2026, validating product-market fit.
  • Cardiovascular Center of Florida cut patient AR days 75% after first quarter.
  • Rivia plans five or six new EHR integrations next year, widening its addressable market.

What critics are saying

  • Rivia lacks public evidence of scale beyond a 2024 seed round and customer case studies.
  • Competitors like Waystar, Cedar, and Phreesia pressure pricing, integrations, and enterprise deals.
  • If 2026 integrations stall, Rivia remains a niche point solution with fragile revenue growth.

What makes Rivia Health unique

  • Bidirectional EHR integrations and no-IT-lift onboarding separate Rivia from legacy billing vendors.
  • Mobile-first, no-login payments with Apple Pay, Venmo, and BNPL reduce patient friction.
  • AI voice and chat agents extend collections beyond day 90, including tiny balances.

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Funding

Total Funding

$10M

Below

Industry Average

Funded Over

7 Rounds

Seed funding is usually the first official round after pre-seed, when a startup has a prototype or concept. It’s typically used to develop the product, test the market, and start building the team. Investors here are often angel investors or early-stage venture capitalists.
Seed Funding Comparison
Meet Average

Industry standards

$3.3M
$2M
$2.3M
$3M
$3.3M

Benefits

  • Unlimited Paid Time Off
  • Health Insurance
  • Dental Insurance
  • Vision Insurance
  • Parental Leave
  • 401(k) Retirement Plan
  • Flexible Work Hours
  • Remote Work Options

Growth & Insights and Company News

6 month growth

-3%

1 year growth

-3%

2 year growth

-6%
Rivia Health
Feb 2nd, 2024
Rivia Health Raises $3.25 Million in Series Seed Funding with PHX Ventures

PRESS RELEASE FROM RIVIA HEALTH PHOENIX — Phoenix, AZ – February 1, 2024 – Rivia Health, a revenue cycle management solution for healthcare provider organizations, announces a $3.25 million Series Seed funding round led by PHX Ventures. The new funding will be used to expand Rivia Health's patient payment solution and enter new markets across the country. "We invest in purpose-driven founders building high-growth software companies. Rachel and Elizabeth have built a solution that is clearly need

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