Repatient operates a digital platform that offers 0% interest payment plans and a streamlined online billing system for hospital and clinic patients. This solution addresses the financial burden of out-of-pocket medical expenses by providing flexible payment options that enhance cash flow for healthcare providers while ensuring accessibility for all patients.
Funding
Funding not disclosed
Founders
Product
Problem
Many patients struggle to afford out-of-pocket medical expenses, leading to delayed or forgone care. Healthcare providers face challenges in collecting patient payments, resulting in increased bad debt and reduced revenue. Traditional billing processes can be cumbersome and lack flexible payment options for patients.
Solution
Repatient offers a digital platform that provides 0% interest payment plans and a streamlined online billing system for healthcare providers and their patients. The platform enables patients to manage and pay their medical bills over time with flexible payment options, removing financial barriers to care. For providers, Repatient accelerates cash flow, reduces bad debt, and improves patient satisfaction through a centralized billing and payment solution. The system includes digital-first billing statements via text and email, traditional paper statements, and an integrated online payment portal.
Target Audience
Repatient targets healthcare providers, including hospitals and clinics, seeking to improve patient payment collections and reduce bad debt, as well as patients who need flexible payment options to afford their out-of-pocket medical expenses.
Features
- 0% interest payment plans with terms up to 60 months
- Digital-first billing statements delivered via text and email
- Integrated online payment portal for easy payment management
- Patient self-enrollment in payment plans
- Traditional paper statement options
- Patient payment plan calculator to estimate monthly payments