SimplePay Health offers a health plan that consolidates all medical expenses into a single monthly statement, giving members real‑time visibility of out‑of‑pocket costs and 0% financing options with a credit incentive for full payment. The platform includes a provider search tool with quality and cost metrics and a Health Valet concierge for personalized support, while employers, brokers, and providers benefit from streamlined enrollment, direct contracted payments, and reduced administrative overhead.
Funding
Funding not disclosed
Founders
Product
Problem
Patients and employers often face fragmented healthcare billing, unpredictable out-of-pocket costs, and the administrative burden of managing multiple provider invoices, which leads to financial stress and reduced access to high‑quality care.
Solution
SimplePay Health provides an alternative health plan that consolidates all medical expenses into a single monthly statement, allowing members to see their out‑of‑pocket cost before receiving care. The plan offers 0% financing options and a 1.5% credit incentive for full payment, delivering price certainty and financial peace of mind. A built‑in provider search tool uses quality metrics to help members choose high‑value providers, while a dedicated Health Valet concierge assists with cost inquiries, provider selection, and plan details. For employers and brokers, the solution streamlines enrollment, reduces claim‑processing overhead, and aligns incentives by paying contracted rates directly to providers, eliminating patient‑side collections. Providers benefit from guaranteed full payment of contracted rates and a simplified claims workflow, freeing time for patient care.
Target Audience
Primary customers are individual members seeking transparent healthcare costs, employers and brokers managing employee benefits, and healthcare providers looking for streamlined reimbursement.
Features
- Unified monthly statement covering all medical services, eliminating multiple bills
- Real‑time provider lookup with quality and cost metrics to identify best‑value care
- 0% financing option and 1.5% credit for full payment, providing flexible payment terms
- Health Valet concierge offering personalized support for cost, provider, and plan questions
- Direct payment of contracted rates to providers, removing patient collections and reducing administrative effort
- Integration with existing national provider networks (e.g., Aetna Choice POS II) for broad access