About PatientPay
PatientPay is a Healthcare company based in Durham (United States) founded in 2008 by Thomas Furr. Patient payment solutions for healthcare finance management are offered. It operates in the Healthcare and Financial Services sectors. PatientPay has raised $30.83 million across 6 funding rounds from investors including Esping Family Foundation and Mosaik Partners. Its chief executive, as recorded, is Thomas Furr. PatientPay offers products and services including PatientPay Solution and RCM Technology. Its focus areas include FinTech, Payments, Business Payments and Industry Specific. Its legal entity is PatientPay, LLC. Its competitors include Greenphire, Cedar and Zelis Healthcare; 2 of its 3 listed competitors have raised funding.
Company details
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.
- Headquarters Durham, United States
- Founders Thomas Furr
- SectorsHealthcareFinancial Services
- Website patientpay.com
- Social LinkedIn X
- Legal Name Patientpay, Llc
- Total Equity Funding$30.83M (USD)
in 6 rounds
- Latest Funding Round$12.17M (USD), Series C
Oct 2021
- InvestorsEsping Family Foundation
& 1 more
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
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.
- Total Funding $30.83M
- Total Rounds 6
- Last Round Series C — $12.17M
- First Round $483,800
(Jul 2010)
- Investors Count 2
All 6 funding rounds of PatientPay with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct 2021 | $12.17M | Series C | – | – | – |
| Mar 2020 | $6.15M | Series B | – | Mosaik Partners | – |
| Dec 2017 | $6.03M | Series A | – | – | |
| May 2014 | $2.5M | Series A | – | Mosaik Partners | – |
| Aug 2012 | $3.5M | Angel Round | – | – | – |
| Jul 2010 | $483,800 | Seed | – | – | – |
2 investors in total: 2 institutional.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Grants are provided by Esping Family Foundation for programs. | espingfamilyfoundation.org | Dallas, United States | ||
Capital is invested in enterprise financial technology businesses. | mosaikpartners.com | San Francisco, United States |
Investor details for PatientPay
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People of PatientPay
14 people are tracked at PatientPay (11 in leadership, 3 in team).
| Name | Role | Group |
|---|---|---|
Thomas Furr | Founder & CEO | Leadership |
Shahzad Qadri | Senior Vice President Of Operations | Leadership |
Kerry Stark | Senior Vice President | Leadership |
Larry Buller | Chief Technology Officer | Leadership |
Tom Furr | Founder & CEO | Leadership |
Brian Basho, CSM, PSM-II | Director of Agile Operations | Leadership |
Pete Heydt | Chief Operating Officer | Leadership |
Tara Kennedy Woods | Director, Client Support | Leadership |
Ohad Livneh | Chief Architect | Leadership |
Melanie Buller | VP of Client Success | Leadership |
Amy O'Kelley | Director Of Account Management | Leadership |
Herbert Evans | Senior Solutions Engineer | Team |
Swetha Reddy | Business Analyst/Scrum Master | Team |
Lorrayny A. | Support | Team |
Complete people profiles for PatientPay
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
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Timeline of PatientPay
3 dated milestones of PatientPay across 13 years, from founding to its latest funding, stage changes and deals.
- Founded PatientPay is founded.
- Funding First funding round of $484K.
- Funding Latest funding round, Series C, of $12.2M.
Competitors of PatientPay
PatientPay has 3 listed competitors in our database, 2 of them funded. They include Greenphire, Cedar and Zelis Healthcare.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| greenphire.com | 2007 | King Of Prussia, United States | $5.81M | 259 | Clinical payment technology for patient transactions in research is provided. | |
| cedar.com | 2016 | New York, United States | $351M | Cloud-based payment solutions are provided for healthcare billing and analytics. | ||
| zelis.com | 1995 | Boston, United States | 2,336 | Digital solutions to modernize the healthcare financial experience for payers, providers, and members |
Detailed competitors of PatientPay
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Web traffic of PatientPay
The website of PatientPay (patientpay.com) receives about 5.1K visits a month.
- Monthly visits5.1K
▼ 2.1% vs previous month
Top companies in Clinical IT & Data Platforms
3 companies that operate in the same segment as PatientPay (Clinical IT & Data Platforms) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Employee health benefits are facilitated via a cloud-based platform. | 2007 | Plymouth Meeting, Pennsylvania, United States | USD 228.3 M | |||
Healthcare appointments are booked online via Zocdoc's platform. | 2007 | New York, New York, United States | USD 425.97 M | USD 4.66 M | 1,365 | |
Virtual physical therapy and digital pain care solutions are provided. | 2015 | San Francisco, California, United States | USD 854.44 M | 1,746 |
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Related news about 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 CEO of PatientPay, as recorded in our data. They have also founded this company.
PatientPay is a funded company, having raised a total of $30.83M across 6 funding rounds to date. The company's 1st funding round was a Seed of $483.8K, raised on Jul 2010.
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 Zelis Healthcare.
PatientPay offers PatientPay Solution and RCM Technology.
PatientPay has 2 investors. Key investors include Esping Family Foundation, and Mosaik Partners.
PatientPay operates through Patientpay, Llc.