# PatientPay

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/patientpay

- Industry: Software
- Headquarters: Durham, US
- Website: www.patientpay.com/
- Total disclosed funding: $2.5M
- Latest round: Series A (May 27, 2014)
- Investors on record: 1

## About

Founded in 2008 by CEO Tom Furr and based in North Carolina, US, PatientPay, Inc. develops and provides an online platform that enables patients to pay medical bills. The platform also offers payment management solutions to medical enterprises. In August 2024, PatientPay, Inc., a portfolio company of Mosaik Partners, EFO Holdings, and Teaglach Family Office, merged with ClearGage, LLC. Following the transaction, the combined entity will operate under the PatientPay, Inc. brand.

The company's primary product is a cloud-based platform that automates patient billing and payment processes. It allows patients to pay the bills using a variety of methods, including credit/debit cards, eChecks, Apple Pay, PayPal, Venmo, and traditional paper checks. Additionally, PatientPay offers interest-free payment plans and card-on-file options, allowing healthcare providers to offer flexible payment options to their patients. In addition to simplifying payment collection, PatientPay integrate with existing healthcare systems offers reporting and analytics tools. These tools provide insights into patient payment behavior, allowing healthcare providers to improve payment capture rates and enhance patient communications. The platform feature includes advanced dunning system, which automatically sends payment reminders and communications to patients based on personalized data, improving the likelihood of timely payments.

The August 2024 merger will allow PatientPay, Inc. to offer a more comprehensive billing and payments platform.

## Funding rounds

- Series A, May 27, 2014, $2.5M — Mosaik Partners

## Investors

- Mosaik Partners (https://capitalatlas.ai/funds/mosaik-partners) — Series A