Full-Time
Director/Principal Product Manager
Posted on 3/18/2024
Collectly
51-200 employees
Tech-enabled patient billing platform for healthcare
Compensation Overview
$150k - $180kAnnually
Senior
No H1B Sponsorship
Los Angeles, CA, USA
On-site in Santa Monica office.
- 5+ years of Product Management experience in a B2B SaaS company and/or experience as a founder preferred
- Passion for solving challenging problems in healthcare, with a deep understanding of the U.S. healthcare market
- Strong product sense, analytical sense, and execution sense
- Self-starter with a bias towards action
- Managed a successful product from 0-1 or grew and existing product significantly
- Relentlessly focused on customers’ needs
- Deep analytical, prioritization, and problem-solving skills
- Exceptional interpersonal communication
- Located in Los Angeles, California or willing to relocate as this role is on-site in our Santa Monica office
- Own the roadmap and execution both for customers and business clients
- Lead product discovery to find key business opportunities
- Leverage customer behavior data and solicit ideas to build a fully fleshed-out product backlog
- Define success KPIs to measure and report progress on goals
- Communicate clearly and crisply with leadership stakeholders
- Work with engineering and design teams to ensure that we build scalable solutions
- Work with our sales and customer success teams to always check the pulse of the market
- Work with support to ensure that we iterate and improve upon the product experience
Collectly provides a patient billing platform that simplifies the medical billing process for healthcare providers. The platform integrates with existing Electronic Health Records (EHR) and Practice Management (PM) systems, allowing healthcare providers to enhance their billing operations. It offers features such as self-served payment plans, enabling patients to manage their payments online. This approach not only improves the patient experience but also increases collections for providers by 23%. Collectly operates on a subscription-based model, charging healthcare providers for access to its services, which significantly reduces the time spent on billing inquiries and improves cash flow. With metrics showing an 80% decrease in billing-related calls and a patient net collection rate of 86-95%, Collectly stands out by focusing on both provider efficiency and patient satisfaction.
Company Stage
Series A
Total Funding
$33.5M
Headquarters
Pasadena, California
Founded
2017
6 month growth
↑ 0%1 year growth
↑ 37%2 year growth
↑ 126%
Simplify's Take
What believers are saying
- Recent $29 million funding boosts expansion and technology enhancement opportunities.
- Integration with Artera Marketplace could unify patient communication, enhancing platform value.
- Collectly's efficiency reduces 'days sales outstanding' to 12 days, improving cash flow.
What critics are saying
- Artera Marketplace's expansion with 50+ vendors may challenge Collectly's market share.
- Rapid adoption of Artera's API could overshadow Collectly's communication solutions.
- Reliance on Russian engineers poses geopolitical risks amid international tensions.
What makes Collectly unique
- Collectly integrates seamlessly with EHR and PM systems, enhancing billing efficiency.
- The platform offers self-served payment plans, increasing patient collections by 23%.
- Collectly reduces billing inquiries by 80%, improving patient financial experience.
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