Rivia Health

Rivia Health

Automates patient payments within revenue cycle

Overview

Rivia Health streamlines patient payments for healthcare providers by automating and digitizing the payment process within revenue cycle management. It integrates with existing billing systems and offers a mobile-first platform that handles patient payments and related transactions. The service is delivered on a subscription plus per-transaction basis, focusing on seamless integration rather than replacing current workflows. The goal is to improve cash flow and accounts receivable while enhancing the patient digital experience and loyalty.

About Rivia Health

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

Industries

Data & Analytics

Enterprise Software

Fintech

Healthcare

Company Size

11-50

Company Stage

Seed

Total Funding

$10M

Headquarters

Tempe, Arizona

Founded

2018

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Simplify's Take

What believers are saying

  • PHX Ventures led Rivia's $3.25 million seed round on February 1, 2024.
  • September 2026 customer story shows Choptank cut payment cycles from 75 days to 27.
  • Rivia expanded into AI voice, chat, and multilingual support during 2026.

What critics are saying

  • $3.25 million seed capital leaves Rivia underfunded against WellSky, Waystar, and Cedar.
  • Dependence on athenahealth and EHR integrations gives platforms leverage over pricing and access.
  • Large incumbents can bundle digital payments, making Rivia a feature, not a company.

What makes Rivia Health unique

  • No portal, app, or password; patients pay by secure text link immediately.
  • Real-time posting into EHRs keeps billing teams current and cuts reconciliation.
  • Athenahealth Marketplace integration gives Rivia distribution inside a major ambulatory workflow.

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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
Netflix
$2.3M
Instacart
$3M
Robinhood
$3.3M
Rivia Health

Growth & Insights and Company News

Headcount

6 month growth

↑ 0%

1 year growth

↑ 0%

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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