Repaytient

What Repaytient does

Repaytient is a healthcare-focused fintech founded in 2020 and headquartered in Louisville, Kentucky (6000 Brownsboro Park Blvd, Suite F). The company sells 0% interest payment plans that allow patients to pay out-of-pocket medical costs for both essential and elective procedures over time, with no credit checks or denials. Its core product is a cloud-based payment plan platform that handles patient enrollment, customizable payment scheduling, and automated draft processing; supporting modules include a provider-facing enrollment technology and a dedicated TPA Partnership Program that embeds the product inside employer-sponsored health plans.

Repaytient generates revenue by charging healthcare providers a transaction fee on each payment plan it services. Under the model, the company advances the full discounted payment to the hospital or provider upfront and then recoups it from the patient over time, monetizing the working-capital benefit and collections efficiency it delivers. Internal claims cite a 30% increase in provider cash flow and a 15% reduction in collections overhead, targeting a stated market pain point that 60% of patient balances after a visit go uncollected. Patients face no enrollment fee and only a $25 processing charge for manual check payments, with a $250 minimum plan size and monthly billing cadence.

Distribution is enterprise-led, combining a direct field-sales motion to hospitals and providers (with demo booking, dedicated implementation, and training teams) with a channel arm through Third Party Administrators (TPAs) that bundle payment plans into employer benefit packages; patients can also self-enroll directly. The company is privately held, lists headcount of 1-10 employees, serves only the U.S. market, and operates under the DBA "Repatient." Reported capital formation is limited to a $100,000 round dated September 2021 and a prior XLerateHealth accelerator relationship from August 2020; the four-person founding team includes Tim Rooney as CEO and Christopher Blakeley as COO.

Name

Repaytient

Legal name

Repaytient

Website

https://repaytient.com

Company type

Private

Founded year

2020

Operating status

Operating

Headcount range

1–10 employees

Short description

Repaytient is a U.S. healthcare fintech that offers 0% interest payment plans to patients covering out-of-pocket costs for essential and elective procedures. Its cloud-based platform is sold to hospitals, healthcare providers, and Third Party Administrators nationwide.

Ownership category

akta.pro rank

Product category

Healthcare Patient Financing

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232), Activities Related to Credit Intermediation (5223)

SIC

Finance Services (6199), Services-Prepackaged Software (7372), Services-Computer Processing & Data Preparation (7374)

akta.pro primary industry

Patient Financial Engagement (Estimates, Billing Presentment, Payments) (HLACAEAI)

akta.pro secondary industries

Healthcare Billing & Patient Payments Presentment (FSAMAJAH), Healthcare Payouts (Payers-to-Providers, Patient Refunds) (FSAMAKAK)

Keywords

• Healthcare payment plans
• Patient financing
• Medical billing
• Interest-free financing
• Healthcare fintech

Headquarters

HQ city

Louisville

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales

Revenue model

1. Payment Plan Services: Repaytient provides interest-free payment plans to patients and advances full discounted payment to hospitals/providers upfront. The company generates revenue by charging healthcare providers a fee for the service, measured by the 30% cash flow increase and 15% collections overhead reduction they deliver.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Core offering

Repaytient provides 0% interest payment plans that allow patients to cover out-of-pocket healthcare expenses for both essential and elective procedures over time, with no credit checks and customizable terms. A cloud-based enrollment technology handles patient enrollment, payment scheduling, and automatic draft processing on behalf of hospitals and healthcare providers. The company charges providers a transaction-based fee for the service, while patients enroll at no cost with a minimum plan amount of $250.

Product overview

Repaytient is a healthcare financial technology company offering a single integrated platform centered on its core Payment Plans product. The platform provides 0% interest, customizable payment plans enabling patients to manage out-of-pocket healthcare costs over time. The offering includes a Cloud-Based Enrollment Technology for providers and a TPA Partnership Program that allows third-party administrators to offer the payment plans as a benefit to employer health plan members.

Differentiator

Problem solved

Functional benefit

Products and services

• Repaytient Payment Plans 0% interest payment plans enabling patients to pay out-of-pocket healthcare expenses for essential and elective procedures over flexible monthly terms with no credit checks or denials; sold to hospitals and healthcare providers who are charged a transaction fee for the service.
• Cloud-Based Enrollment Technology Cloud-based software platform that powers Repaytient payment plans, supporting automated patient enrollment, payment plan setup, payment scheduling, and recurring draft processing for hospitals and healthcare providers.
• TPA Partnership Program Distribution partnership program that enables Third Party Administrators to offer Repaytient 0% interest payment plans as an employee benefit within employer-sponsored health plans, giving members a budget-friendly way to cover out-of-pocket expenses.

Quantifiable outcome

• Increase cash flow by 30% for hospitals and providers
• +2 more outcomes

Named customers1 record

Segments3 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Scale indicators3 records

Recent moves5 records

Expansion highlights4 records

Broad incumbents

• CareCredit (Synchrony Financial): Synchrony Financial's healthcare financing arm and the dominant medical credit card product in the US. Directly comparable to Repaytient in offering patient payment plans for healthcare expenses, though CareCredit charges interest and requires credit approval, while Repaytient's 0% / no-credit-check model targets a different patient slice.

Direct peers

• ClearBalance Healthcare Solutions: Specialized provider of patient financing and self-pay recovery solutions to hospitals and health systems, offering extended payment plans for out-of-pocket balances. Operates in the same patient-pay RCM workflow as Repaytient and is a directly comparable go-to-market competitor.
• AccessOne: Provides patient financing programs (including low- and no-interest payment plans) to hospitals and health systems with a focus on serving all patients regardless of credit. Directly competitive with Repaytient's core payment plan offering and target customer base.
• PatientFi: Patient financing platform focused on elective and self-pay healthcare procedures, offering monthly payment plans through provider partnerships. Highly comparable in product scope (healthcare payment plans) though more tilted toward elective/cosmetic procedures.

Emerging players

• Cedar: Patient financial engagement platform that modernizes medical billing, statements, and payment experiences for hospitals and digital health companies. Overlaps with Repaytient on patient billing/payment workflows, though Cedar leads with engagement UX rather than payment plan financing.
• Collectly: Patient billing and collections platform for healthcare providers that automates outreach, billing, and payment plan setup. Comparable in tackling the same uncollected-balance pain point but skews more toward collections automation than 0% financing.
• Well Health: Patient communication and payments platform that consolidates billing, messaging, and payment workflows for healthcare providers. Adjacent peer addressing the same patient-pay collection problem through a different mix of engagement and payment infrastructure.
• Candid Health: Revenue cycle automation platform for healthcare providers that streamlines billing and collections, including patient payment workflows. Tangentially comparable in serving providers' patient-pay challenges, though Candid is broader RCM rather than a dedicated financing product.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights5 records

Customer concentration

• Xx.com/repaytient
• Facebookfacebook.com/Repaytient-113766103741103
• LinkedInlinkedin.com/company/repaytient

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds2 records

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Repaytient