About HealthPay24
HealthPay24 is a company based in Mechanicsburg (United States) founded in 2001 was acquired by Waystar in August 2023.. HealthPay24 offers products and services including Smart Platform, Financial Clearance, Claim Management, and Payment Management. HealthPay24 operates in a competitive market with competitors including Stripe, PayPal, Flutterwave, PayU and Square, among others.
- Headquarter Mechanicsburg, United States
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Sectors
HealthcareFinancial Services
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Phone
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
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Investors
Invoice Cloud
& 1 more
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Employee Count
Employee Count
- Acquired by
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Products & Services of HealthPay24
HealthPay24 offers a comprehensive portfolio of products and services, including Smart Platform, Financial Clearance, Claim Management, and Payment Management. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
AI-powered platform for automating healthcare financial processes
Tools for insurance eligibility and patient estimation
System for monitoring and managing healthcare claims
Solutions for handling payer reimbursements and patient payments
Funding Insights of HealthPay24
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in HealthPay24
HealthPay24 has secured backing from 2 investors. Prominent investors backing the company include Invoice Cloud and Waystar. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Cloud-based invoicing and payment solutions are offered to businesses.
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Founded Year | Domain | Location | |
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Cloud-based healthcare revenue cycle management solutions are provided.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by HealthPay24
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - HealthPay24
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Healthpay24 Comparisons
Competitors of HealthPay24
HealthPay24 operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Stripe, PayPal, Flutterwave, PayU and Square, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Payment processing and card issuance solutions are provided for businesses.
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| domain | founded_year | HQ Location |
Online payment solutions are offered to consumers and businesses.
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| domain | founded_year | HQ Location |
Provider of payment processing solutions for businesses
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| domain | founded_year | HQ Location |
Online payment processing and credit solutions are provided for businesses.
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| domain | founded_year | HQ Location |
POS solutions are provided for retail businesses.
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| domain | founded_year | HQ Location |
Employee benefit administration and payment solutions are provided for enterprises.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Healthpay24
Frequently Asked Questions about HealthPay24
When was HealthPay24 founded?
HealthPay24 was founded in 2001.
Where is HealthPay24 located?
HealthPay24 is headquartered in Mechanicsburg, United States. It is registered at Mechanicsburg, Pennsylvania, United States.
What does HealthPay24 do?
HealthPay24 was founded in 2001 and is based in Mechanicsburg, United States. Software solutions are offered for the healthcare sector, focusing on point-of-service collection management in hospitals. Patient payments are handled through online gateways integrated with hospital websites or point-of-service systems that run on hosted or native servers. Processes include receipting, batch management, reporting, and reconciliation. Additional services encompass patient financing and financial consulting, with mobile-friendly point-of-service features.
Who are the top competitors of HealthPay24?
HealthPay24's top competitors include Stripe, PayU and Flutterwave.
What products or services does HealthPay24 offer?
HealthPay24 offers Smart Platform, Financial Clearance, Claim Management, and Payment Management.
Who are HealthPay24's investors?
HealthPay24 has 2 investors. Key investors include Invoice Cloud, and Waystar.
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