About PatientPay
PatientPay is a company based in Durham (United States) founded in 2008 by Thomas Furr. PatientPay has raised $30.83 million across 6 funding rounds from investors including Esping Family Foundation and Mosaik Partners. PatientPay offers products and services including PatientPay Solution and RCM Technology. PatientPay operates in a competitive market with competitors including Greenphire, Cedar, Zelis Healthcare, PayZen and Alegeus, among others.
- Headquarter Durham, United States
- Founders Thomas Furr
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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 Patientpay, Llc
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$30.83 M (USD)
in 6 rounds
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Latest Funding Round
$12.17 M (USD), Series C
Oct 12, 2021
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Investors
Esping Family Foundation
& 1 more
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Employee Count
Not available
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Products & Services of PatientPay
PatientPay offers a comprehensive portfolio of products and services, including PatientPay Solution and RCM Technology.
Secure platform for managing healthcare patient payments and revenue cycles
Tools for efficient billing, communication, and payment processing in healthcare
People of PatientPay
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Funding Insights of PatientPay
PatientPay has successfully raised a total of $30.83M across 6 strategic funding rounds. The most recent funding activity was a Series C round of $12.17 million completed in October 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.
Investors in PatientPay
PatientPay has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Esping Family Foundation and Mosaik Partners.
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Grants are provided by Esping Family Foundation for programs.
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Capital is invested in enterprise financial technology businesses.
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Investor details for PatientPay
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Investments & Acquisitions by PatientPay
Investment portfolio details for PatientPay
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- Transaction dates
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Financial Statements - PatientPay
Detailed financials for PatientPay
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Patientpay Comparisons
Peer comparison for PatientPay
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- Named peers
- Headcount comparison
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Competitors of PatientPay
PatientPay 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, Cedar, Zelis Healthcare, PayZen and Alegeus, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Clinical payment technology for patient transactions in research is provided.
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Cloud-based payment solutions are provided for healthcare billing and analytics.
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Digital solutions to modernize the healthcare financial experience for payers, providers, and members
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AI medical billing software for healthcare professionals and organizations
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Healthcare benefits are administered via tax-advantaged account platforms.
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Revenue cycle management platform for healthcare centers is offered.
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Detailed competitors of PatientPay
Competitor domains, locations, full profiles, and operating metrics require an active premium plan.
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Latest news on Patientpay
Complete news archive for PatientPay
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Frequently Asked Questions about PatientPay
PatientPay was founded in 2008 and raised its 1st funding round 2 years after it was founded.
PatientPay is headquartered in Durham, United States. It is registered at Durham, North Carolina, United States.
Thomas Furr is the current CEO of PatientPay. They have also founded this company.
PatientPay is a funded company, having raised a total of $30.83M across 6 funding rounds to date.
Founded in 2008 and based in Durham, United States, PatientPay operates in the healthcare finance sector. Patient payment solutions are developed to assist patients, practices, and hospitals in managing expenses. Explanation of Benefits is matched with provider charges to clarify patient responsibilities. Providers using the platform achieve average payment receipt in under 14 days, with reported savings of up to 4 per payment.
PatientPay's top competitors include Greenphire, Cedar and PayZen.
PatientPay offers PatientPay Solution and RCM Technology.
PatientPay has 2 investors. Key investors include Esping Family Foundation, and Mosaik Partners.