# Payspan

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

- Industry: Financial Services
- Headquarters: Atlanta, US
- Website: www.payspan.com
- Total disclosed funding: $22M
- Latest round: Series E (Apr 13, 2006)
- Investors on record: 4

## About

Payspan, Inc. is a healthcare technology company that specializes in optimizing payment processes and enhancing the financial experience in the healthcare sector through innovative solutions.Founded in 1985, Payspan, Inc. is based in Atlanta, US, and focuses on improving healthcare financial transactions. The company was recently acquired by Zelis Healthcare Inc. in November 2022 for an undisclosed amount, which allows it to enhance its offerings through a new payments and communications platform. The founder's history is not specified, and there is no mention of subsidiaries or previous mergers.Payspan offers a comprehensive suite of healthcare financial solutions designed to streamline payment processes and improve the financial experience within the healthcare sector. Their services include intelligent claims management, automated claims pricing, and payment integrity solutions, primarily for over 770 payers, such as health plans and third-party administrators, enabling effective claims management and compliance with regulatory requirements.Payspan generates revenue through partnerships and service agreements with payer clients. Their business model is primarily B2B, focusing on claims processing and payment efficiency. Clients typically subscribe to services like ZAPP (Zelis Automated Payment Process), with revenue derived from these subscription agreements based on client usage and service breadth. Their proprietary solutions, such as Network360®, further enhance their financial framework.Following its acquisition by Zelis Healthcare Inc. in November 2022, Payspan plans to modernize its business operations and expand its product offerings. The recent funding will support the development of a new payments and communications platform aimed at enhancing service options for clients. Specific markets for future growth have not been disclosed, but the focus will be on leveraging the combined strengths of Payspan and Zelis to improve healthcare financial solutions in various regions.

## Funding rounds

- Series E, Apr 13, 2006, $3M — ABS Capital Partners, Pamlico Capital, Stonehenge Growth Capital
- Series D, Feb 8, 2005, $6M — ABS Capital Partners, Wachovia Strategic Ventures
- Series C, May 29, 2002, $13M — ABS Capital Partners

## Investors

- ABS Capital Partners (https://capitalatlas.ai/funds/abs-capital-partners) — Series C, Series D, Series E
- Wachovia Strategic Ventures — Series D
- Pamlico Capital (https://capitalatlas.ai/funds/pamlico-capital) — Series E
- Stonehenge Growth Capital (https://capitalatlas.ai/funds/stonehenge-growth-capital) — Series E