PatientPay Emerges as a Powerhouse in Healthcare Billing and Payments through a Strategic Merger with ClearGage
PatientPay and ClearGage have merged to create a dominant force in healthcare billing and payments, supporting 1,600 healthcare organizations and managing 1.2 million digital patient wallets. This strategic merger will enhance PatientPay’s platform by integrating ClearGage’s expertise in payment solutions, offering embedded estimation, expanded payment technology, and simplified integration capabilities.
Key Highlights
Expanding Reach: Together, they will serve thousands of locations, delivering superior financial outcomes.
Technological Advancements: Enhanced payment processes with improved user experiences for both patients and providers.
Remarkable Growth: PatientPay has seen a 527% increase in supported medical groups from 2021 to 2023.
“Our ability to remove friction from the patient financial experience is why our clients rely on us to protect and grow their financial health.”
Benefits and Future Innovations
The merger also allows PatientPay to streamline onboarding as a registered PayFac, providing healthcare practices greater control over payment solutions. Healthcare providers can expect increased collection rates, reduced costs, and an enriched patient payment experience through advanced digital infrastructure.
“We’re thrilled to join forces with PatientPay and continue developing innovative technology that aligns the consumer experience with healthcare organizations’ financial goals.”
Continued Growth and Success
Both companies have demonstrated substantial growth over the past two years. PatientPay increased its digital wallets to 1.2 million and improved click-to-pay rates, while ClearGage achieved a 473% growth in its referral partner business. The collaboration is set to continue driving innovation and excellence in healthcare billing and payment solutions.
Learn More
For more information about this transformative merger and its impact on the future of healthcare payments, visit the full press release on Business Wire.
