Thrizer

What Thrizer does

Thrizer Inc. is a US-based payment and billing platform purpose-built for mental health and wellness private pay therapy practices. Founded circa 2022 and headquartered in San Francisco, California (incorporated in Delaware), the company serves 2,500+ solo practitioners and small group practices with a unified workflow that combines card, HSA, and FSA payment processing with automated out-of-network (OON) insurance claim submission and a client-facing portal for benefit verification and reimbursement tracking. Its product suite spans Online Payments (card/HSA/FSA acceptance with next-day payouts), OON Pay (automatic OON claim submission per charge), Thrizer Pay (a float-based model where Thrizer advances the clinician's full fee while the client pays only their post-deductible out-of-pocket share), a free embeddable Benefits Widget for prospective client verification, a Clinician Dashboard for practice and team management, and a HIPAA-compliant Client Portal.

The platform is built on a HIPAA-compliant cloud architecture leveraging Stripe for payment rails, Auth0 for authentication, and Mintlify for help-center documentation. Its core technological differentiator is the integration of OON claim automation directly into the charging flow, eliminating manual superbill generation and submission for clinicians and clients. The system processes over $25 million in annual payments and facilitates over $5 million in annual client savings through insurance reimbursements, according to company disclosures.

Thrizer monetizes via per-transaction fees that vary by payment type (Self-Pay, OON Pay, Thrizer Pay), on a pay-as-you-go basis with no publicly disclosed rate card. Distribution is primarily product-led and self-serve through clinician.thrizer.com and client.thrizer.com, supplemented by a consult-call and customer-success overlay for larger group practices. Customer acquisition is driven by content marketing, organic search, social media, peer referrals (incentivized with $2,500 waived fees), and an embeddable Benefits Widget that functions as a top-of-funnel lead generation tool on therapist websites. The service is available exclusively to practices and clients located in the United States. Leadership includes co-founder and CEO Raunak Sharma, co-founder and Head of Growth Sanjana Sathya, Chief of Staff Jessica, and Head of Operations Michael.

Name

Thrizer

Legal name

Thrizer, Inc.

Website

https://thrizer.com

Company type

Private

Founded year

2022

Operating status

Operating

Headcount range

1–10 employees

Short description

Thrizer is a US-based payment and out-of-network billing platform built exclusively for mental health private pay therapy practices, serving 2,500+ clinicians with automated claim submission, post-deductible co-pay financing, and embeddable benefit verification tools.

Ownership category

akta.pro rank

Product category

Therapy Billing Software

NAICS

Pharmacy Benefit Management and Other Third Party Administration of Insurance and Pension Funds (524292), Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)

SIC

Accident & Health Insurance (6321), Hospital & Medical Service Plans (6324)

akta.pro primary industry

Behavioral Health Claims Administration & Payment Integrity (HLAEAHAH)

akta.pro secondary industries

Healthcare Payouts (Payers-to-Providers, Patient Refunds) (FSAMAKAK), Eligibility & Benefits Verification (HLACACAD)

Keywords

• Out-of-network billing
• Therapy payment processing
• Private pay billing
• HIPAA-compliant payments
• Mental health billing

Headquarters

HQ city

San Francisco

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

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

Revenue model

1. Payment Processing Fees (Self-Pay, OON Pay, Thrizer Pay): Thrizer charges clinicians a fee per transaction for processing payments. The platform offers three payment types: Self-Pay (client pays full fee), OON Pay (claim automatically submitted, client reimbursed via check/direct deposit), and Thrizer Pay (client pays only out-of-pocket portion post-deductible, Thrizer covers the remainder to the clinician upfront and collects from insurance). Fees vary by payment type. Payouts are disbursed every 2-3 business days to clinician bank accounts.

Pricing tiers

Go-to-market motion4 records

Distribution channels4 records

Marketing channels6 records

Core offering

Thrizer is a HIPAA-compliant payment platform purpose-built for mental health private pay practices. It enables clinicians to collect card, HSA, and FSA payments from clients, automatically submit out-of-network (OON) insurance claims with every charge, generate superbills, and offer a post-deductible co-pay option (Thrizer Pay) in which Thrizer floats the difference between the client copay and the clinician's full fee while awaiting insurance reimbursement. A free embeddable Benefits Widget lets prospective clients verify their OON coverage before booking.

Product overview

Thrizer is a payment platform for private pay therapy and wellness practices, offering a unified platform with four integrated products: Online Payments (core payment processing for cards, HSA, and FSA), OON Pay (automated out-of-network claim submission), Thrizer Pay (post-deductible co-pay option where Thrizer floats the remainder), and a free Benefits Widget. The platform also includes a Clinician Dashboard for practice management and a Client Portal for clients to manage payments and track reimbursements. Together these products enable therapists to accept private payments while automating out-of-network billing workflows.

Differentiator

Problem solved

Functional benefit

Products and services

• Online Payments HIPAA-compliant payment processing built specifically for therapy practices, accepting cards, HSA, and FSA payments with one-click charging after appointments and payouts to the clinician as fast as the next day. Designed for solo and group private pay mental health and wellness practices.
• OON Pay Automatically submits out-of-network insurance claims with every charge, enabling clients to be reimbursed via check or direct deposit without manually filing superbills. Built for therapy practices serving clients with OON benefits.
• Thrizer Pay Enables clients to pay only their lower out-of-pocket (copay or coinsurance) cost upfront after their deductible is met, while the clinician receives their full fee within days; Thrizer floats the difference and waits for insurance reimbursement. Designed for therapy practices serving post-deductible OON clients.
• Benefits Widget Free customizable embeddable widget for therapy practice websites that lets prospective clients instantly check their out-of-network benefits, deductible status, and estimated reimbursement amount before booking. Acts as a pre-intake acquisition tool for clinicians.

Quantifiable outcome

• 2,500+ mental health and wellness practitioners use Thrizer
• +6 more outcomes

Named customers8 records

Segments3 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

Feature8 records

Partnerships

One partnership is on record.

• StripecoreTechnology or IntegrationStripe is Thrizer's payment processing partner. All payment transactions on the platform are processed by Stripe under Stripe's applicable Terms of Use and Privacy Policy. This integration handles card, HSA, and FSA payment acceptance and is fundamental to Thrizer's payment infrastructure.

Scale indicators4 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• Headway: Headway provides a platform that helps therapists accept insurance (in-network credentialing and billing) and recently expanded into OON billing and payments for private-practice therapists, directly competing with Thrizer's core OON Pay and Thrizer Pay offerings.
• Alma: Alma operates a membership-based platform for therapists offering insurance credentialing, billing, and practice management, including support for private-pay and OON workflows. It competes with Thrizer for the same therapist customer base.
• Grow Therapy: Grow Therapy is a therapist enablement platform providing insurance billing, scheduling, and payments for behavioral health practices. Its insurance-billing automation and practice-management tools overlap directly with Thrizer's OON and payments products.
• SimplePractice: SimplePractice is a leading practice management platform for private-practice therapists offering scheduling, documentation, and integrated payments (including card processing). It competes with Thrizer on payments and could add OON billing automation to encroach further.

Broad incumbents

• Lyra Health: Lyra Health is a large employer-sponsored mental health benefits platform offering therapy, coaching, and medication management. While not a payments platform, it competes for the same mental-health-dollar pool and could disintermediate private-pay OON therapy via employer contracts.
• Modern Health: Modern Health is a global mental health platform providing therapy, coaching, and self-serve resources through employer benefits. As a broad incumbent, it competes indirectly with private-pay OON therapy by offering in-network alternatives at scale.
• Talkspace: Talkspace is an online therapy platform accepting insurance and offering subscription-based private-pay therapy. Its hybrid in-network/private-pay model overlaps with the OON workflows Thrizer enables, and it could add OON automation to its platform.
• BetterHelp: BetterHelp is a large subscription-based online therapy platform that competes for private-pay therapy demand. It does not currently offer OON billing automation but represents an incumbent alternative that therapists and clients may choose instead of OON-enabled practices.

Emerging players

• Osmind: Osmind provides a practice management and billing platform for mental health clinicians with a focus on ketamine and interventional psychiatry. Its billing automation for non-traditional payors overlaps with Thrizer's claims workflow and addresses a similar clinician segment.
• Jane App: Jane App is a practice management platform popular with allied health and mental health practitioners offering scheduling, charting, and integrated online payments. It is a partial competitor on payments and practice management, though it does not focus on OON insurance automation.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/thrizerapp
• LinkedInlinkedin.com/company/thrizer
• Instagraminstagram.com/jointhrizer
• TikToktiktok.com/@thrizer.app

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds

Investors

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 Thrizer