About Patientco
Patientco is a company based in Atlanta (United States) founded in 2008 was acquired by Waystar in July 2021.. Patientco has raised $34.64 million across 4 funding rounds from investors including Waystar, Accel-KKR and Sandbox Industries. Patientco offers products and services including Patient Payments, Financial Clearance, and Claim Management. Patientco operates in a competitive market with competitors including Greenphire, Zelis Healthcare, Cedar, VisitPay and PayZen, among others.
- Headquarter Atlanta, 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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- Legal Name Patientco Holdings Inc
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Products & Services of Patientco
Patientco offers a comprehensive portfolio of products and services, including Patient Payments, Financial Clearance, and Claim 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.
Software for simplifying patient billing and payment processes.
Tools for verifying eligibility and estimating patient costs.
System for monitoring and managing healthcare claims efficiently.
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Leadership Team
118 people
Software Development Team
78 people
Sales and Marketing
48 people
Product Management Team
33 people
Senior Team
30 people
Client Team
16 people
Operations Team
14 people
Strategic Team
10 people
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Funding Insights of Patientco
Patientco has successfully raised a total of $34.64M across 4 strategic funding rounds. The most recent funding activity was a Series B round of $2.89 million completed in January 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Series B — $2.9M
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First Round
First Round
(17 Aug 2012)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2021 | Amount | Series B - Patientco | Valuation |
investors |
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| Jul, 2018 | Amount | Series B - Patientco | Valuation | Accel-KKR | |
| Jan, 2016 | Amount | Series A - Patientco | Valuation |
investors |
| 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 |
Investors in Patientco
Patientco has secured backing from 5 investors, including venture fund investors. Prominent investors backing the company include Waystar, Accel-KKR and Sandbox Industries. 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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Investments are focused on mid-market software and technology-enabled services firms.
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Founded Year | Domain | Location | |
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Early-stage US venture capital investments are made by Sandbox Industries.
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Founded Year | Domain | Location | |
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Funding is provided to healthcare startups by corporate-backed BVF.
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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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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 Patientco
| 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 - Patientco
| 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 |
Patientco Comparisons
Competitors of Patientco
Patientco 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 Greenphire, Zelis Healthcare, Cedar, VisitPay and PayZen, 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 |
Clinical payment technology for patient transactions in research is provided.
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Digital solutions to modernize the healthcare financial experience for payers, providers, and members
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| domain | founded_year | HQ Location |
Cloud-based payment solutions are provided for healthcare billing and analytics.
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Cloud-based patient revenue management is delivered to healthcare providers.
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AI medical billing software for healthcare professionals and organizations
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Healthcare bill payments are facilitated for providers and patients.
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| Company Name | Domain | Founded year | HQ Location | Description |
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Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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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 Patientco
Frequently Asked Questions about Patientco
When was Patientco founded?
Patientco was founded in 2008 and raised its 1st funding round 4 years after it was founded.
Where is Patientco located?
Patientco is headquartered in Atlanta, United States. It is registered at Atlanta, Georgia, United States.
Is Patientco a funded company?
Patientco is a funded company, having raised a total of $34.64M across 4 funding rounds to date.
What does Patientco do?
Patientco was founded in 2008 and is headquartered in Atlanta, United States. Operations focus on the healthcare sector through SaaS-based payment platforms. Services encompass online transactions using credit or debit cards and bank transfers, along with patient financing options and staff-assisted payment processes. Customer engagement tools are integrated, including transaction monitoring systems and AI-driven live chat for support interactions.
Who are the top competitors of Patientco?
Patientco's top competitors include Greenphire, Cedar and PayZen.
What products or services does Patientco offer?
Patientco offers Patient Payments, Financial Clearance, and Claim Management.
Who are Patientco's investors?
Patientco has 5 investors. Key investors include Waystar, Accel-KKR, Sandbox Industries, BVF, and Pamplona Capital Management.
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