HealthBridge provides a payment solution that allows patients to pay their healthcare costs over time with zero-interest terms, eliminating credit checks and hidden fees. The platform also forwards unpaid patient balances to providers on a non-recourse basis, improving cash flow and reducing administrative burdens, thereby enhancing the overall financial experience for all stakeholders in the healthcare ecosystem.
Funding
$50.9M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Many patients struggle to afford healthcare costs upfront, leading to delayed or avoided care. Healthcare providers face challenges in collecting patient payments, resulting in revenue cycle inefficiencies and administrative burdens.
Solution
HealthBridge offers a payment solution that enables patients to manage their healthcare expenses through manageable installments with zero-interest terms, eliminating the need for credit checks or complex applications. The platform advances funds to healthcare providers for unpaid patient balances on a non-recourse basis, accelerating cash flow and reducing administrative overhead. This approach aims to improve the financial experience for both patients and providers by increasing affordability and streamlining payment processes.
Target Audience
HealthBridge targets healthcare providers, including hospitals and clinics, seeking to improve revenue cycle management, and patients who need flexible payment options for medical expenses.
Features
- Zero-interest payment plans for patients, promoting affordability and access to care
- Non-recourse funding of patient balances to providers, ensuring predictable revenue
- Elimination of credit checks and hidden fees, fostering trust and transparency
- Streamlined administrative processes for providers, reducing billing and collection costs