Paytient

Paytient

Financial Services

Columbia, Missouri 5,017 followers

Helping people make better healthcare decisions by improving their ability to pay for care

About us

Paytient helps people make better healthcare decisions by improving their ability to pay for care. We do this by bundling or embedding payment solutions like Paytient's Health Payment Account (HPA) and the Medicare Prescription Payment Plan alongside commercial, individual ACA, and Medicare plans. Armed with the power to decide how and when they pay for care, our users change their behavior in ways that improve their health and lower costs for everyone, which benefits plan sponsors. By 2025, Paytient will serve 25M lives and 6,000 enterprise clients including leading employers and payers such as Anthem, Centene, Cigna, R.R. Donnelley, and Hyatt Hotels. The company has earned a 90 NPS and 4.9 stars on Trustpilot. Here on Linkedin, we share insights about what we're learning as the leader in cost smoothing solutions—exploring what it means for consumers and their insurers. We also share updates from our growing team, open positions, and a behind the scenes look at what it really takes to change healthcare for the better.

Industry
Financial Services
Company size
51-200 employees
Headquarters
Columbia, Missouri
Type
Privately Held
Founded
2018
Specialties
Employee Benefits, Financial Wellness, and Health Equity

Locations

  • Primary

    3601 Endeavor Ave

    Suite 109

    Columbia, Missouri 65201, US

    Get directions

Employees at Paytient

Updates

  • View organization page for Paytient, graphic

    5,017 followers

    Today we're excited to welcome Paul E. Sveen as Chief Financial Officer! Paul brings over three decades of holistic business acumen, having consistently demonstrated his ability to lead high-growth pre-IPO companies through pivotal financial milestones. Paul is an accomplished and impactful C-suite leader who has developed a record of building and institutionalizing businesses across multiple industries including fintech lending, tech-enabled insurance, real estate, mortgage and structured finance. He was key in the growth of Lehman Brothers structured finance platform to a market leading position, pivotal in engineering Paypal’s acquisition of Swift Financial, driving strategic funding partnerships and capital markets integration as CFO of the merchant lending platform, and led Beam Benefits through 6x revenue growth and two successful capital raises and restructurings. His breadth of experience has earned him recognition as a respected speaker and thought leader in the finance industry, lecturing earlier in his career at multiple industry conferences and leading business schools, and testifying before U.S. regulatory agencies on securitization standards and capital treatment. Fun Fact: Originally from Norway, Paul is an avid biker, alpine skier, and was a national-level Nordic ski racer! ⛷ We are thrilled to welcome Paul’s leadership as we scale our company to meet our mission of making healthcare accessible and affordable. Welcome to the team, Paul! To read more, follow the link in the first comment.

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  • View organization page for Paytient, graphic

    5,017 followers

    NEW STUDY: 98% of Paytient members reported less financial stress with access to our Health Payment Account giving them the confidence to get care without the worry of unexpected bills. 40% of workplace-insured Americans are delaying care due to cost but employers are recognizing the health hazard of health plans that leave care funding uncertain, and they’re embracing solutions that provide certainty of affordability.  It’s not just a healthcare issue—it’s a productivity and well-being issue, too. Delayed care leads to more stress, missed workdays, and bigger health problems down the road. But as an employer, you can help change that. Want to learn how you can help your employees stress less and stay healthier? Check out our latest article for practical solutions. 📖 Working Americans are Stressed About Medical Bills—Here’s How Employers Can Help #EmployeeBenefits #FinancialWellness #HRLeaders #WorkplaceHealth

    NEW STUDY: 98% of Paytient Members Report it Relieves Financial Stress

    NEW STUDY: 98% of Paytient Members Report it Relieves Financial Stress

    paytient.com

  • View organization page for Paytient, graphic

    5,017 followers

    Did you know that October was the first month the 40-hour, five-day workweek was first sanctioned? On October 15, 1926, Ford Motors released a statement that would forever change how Americans work. It read: “Five working days of eight hours, with no overtime, is to constitute a week’s work for U.S. company employees. This announcement…marks the culmination of years of preparation for this noteworthy step in industrial evolution. Its significance has been approached in the industrial world only by the announcement twelve years ago of the five-dollar-a-day minimum wage.” This set the precedent for the modern work week as we know it, today. At Paytient, we understand that a healthy work-life balance is crucial for productivity and well-being. This month is a great opportunity for HR leaders and employers to show appreciation for their teams’ dedication and hard work. Whether through a simple gesture of gratitude, flexible benefits, or offering support during busy times, let’s take a moment to recognize the people who make everything possible. How are you thanking your employees this month? #EmployeeAppreciation #HRLeaders #WorkLifeBalance #FiveDayWorkweek

  • View organization page for Paytient, graphic

    5,017 followers

    🎉 Celebrating Spirit Week and the Launch of M3P at Paytient! 🎉 This past week has been a true reflection of what Paytient is all about: staying grounded in our purpose, coming together virtually for our summit, and having a little fun with Spirit Week! 🚀 We’re thrilled to introduce M3P, a groundbreaking initiative that will light the way for our mission to empower individuals to access affordable healthcare. 💡 Want to know more about how we’re transforming healthcare? Check out our latest blog for all the details on Spirit Week, the summit, and the exciting launch of M3P. 👇 https://hubs.li/Q02Vydqy0

    Grounded in Purpose: Spirit Week, Virtual Summit, and the Launch of M3P

    Grounded in Purpose: Spirit Week, Virtual Summit, and the Launch of M3P

    paytient.com

  • View organization page for Paytient, graphic

    5,017 followers

    Today is National Mammography Day! 🎗💗🎗 Did you know that in America, 15% of workplace-insured women are delaying necessary imaging due to cost? The fear of high out-of-pocket expenses, particularly for diagnostic imaging, is forcing many to put off care when they need it most. Check out our latest blog to read about the impact that financial barriers have on women’s health, and how employers can support women in accessing the care they deserve—without the financial strain. Early detection saves lives, and a mammogram could make all the difference. Prioritize your health, stay informed, and empower others to take care. Have you scheduled your mammogram yet? Share this post to remind the incredible women in your life to take action—because self-care includes breast care.

    15% of Women Delay Breast Cancer Screenings Due to Cost—Here’s How We Can Change That

    15% of Women Delay Breast Cancer Screenings Due to Cost—Here’s How We Can Change That

    paytient.com

  • View organization page for Paytient, graphic

    5,017 followers

    It’s Jersey Day at Paytient! 🏆 Today, our team is showing off their team spirit by repping their favorite sports teams as part of Spirit Week! 🏀 ⚽ Whether you’re a die-hard football fan or loyal to your local baseball team, there’s one thing we all agree on—teamwork wins the day at Paytient. 💪  Who are you cheering for? Drop your team in the comments! ⬇️ #TeamPaytient #SpiritWeek #JerseyDay #CompanyCulture #RemoteWithRoots #VirtualSummit

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  • View organization page for Paytient, graphic

    5,017 followers

    Today and tomorrow, you can find us at the Missouri Chamber of Commerce and Industry's Workforce 2030 Conference! Did you know that 40% of workplace-insured Americans delay care due to cost and that it directly correlates with lost productivity, higher claims, and costly turnover? Stop by our booth (you can’t miss it!) and chat with us—we’d love to talk about how this may be affecting your workforce, and how Paytient can help you solve these issues, all while ensuring your employees can access and afford the care they need. Let’s work together to deliver a more satisfying health benefits experience by empowering employees to access care without financial stress. We hope to see you there! #healthcare #healthtech #employeebenefits

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  • View organization page for Paytient, graphic

    5,017 followers

    Today, prescription drug affordability comes to Medicare with the launch of the Medicare Prescription Payment Plan (M3P). 🥂 🎉 This historic program allows Part D beneficiaries to more easily access and afford to continue taking life-saving medication. There is no doubt it will improve the health of American seniors and those living with disabilities. Anyone with Part D coverage can opt in starting today or anytime during the plan year to pick up prescriptions for $0 starting January 1, 2025 and spread their out-of-pocket Rx costs over the plan year. We’re honored to have spent this year building alongside leading PBMs and plan sponsors to operationalize this program for 40% of Medicare beneficiaries. When anyone with Part D coverage opts in, our technology will support them behind the scenes. A huge congratulations goes out to our technology teams and their counterparts at our partners who have written thousands of lines of code and spent countless hours to reach this milestone— to Daniel Lynn, Jordan Stone, Cristina Crespo and your teams, thank you! Read the full announcement (link in first comment) to explore our thesis about what this means for older adults in America, and access shareable resources to help spread the word. #medicare #medicareprescriptionpaymentplan #healthcareinnovation

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Funding

Paytient 6 total rounds

Last Round

Series B

US$ 33.0M

See more info on crunchbase