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Paytient Secures $40 Million from Trinity Capital to Fuel Market Expansion
Prnewswire· 2025-06-03 12:00
Core Insights - Paytient has secured $40 million in funding from Trinity Capital to support its expansion into various health plan markets, including large group employer-sponsored plans and the ACA marketplace [1] - The company aims to transform the patient experience by enabling easier access to care and managing out-of-pocket healthcare costs without interest or fees [2] - Paytient currently serves over 23 million members and partners with nearly 7,000 employers, insurers, and providers, embedding cost-smoothing solutions into health plan designs [3] Company Overview - Paytient is focused on improving how Americans access and afford healthcare through employer- or health plan-embedded payment solutions for various medical expenses [5] - The company is the largest provider of Medicare Prescription Payment Plan (M3P) solutions, powering 40% of the Part D marketplace [7] Market Position and Strategy - The funding will allow Paytient to scale faster and meet the increasing demand from insurers and employers for innovative cost-sharing solutions [3] - The company is positioned well for long-term success due to its proven model, strong leadership, and rapid market traction [4] - Paytient is expanding its partnerships in the ACA marketplace, increasing its active states from 8 to 13, with plans for nationwide expansion in 2026 [7]
Trinity Capital Inc. Provides $40 Million in Growth Capital to Paytient
Prnewswire· 2025-06-03 12:00
Core Insights - Trinity Capital Inc. has committed $40 million in growth capital to Paytient, a healthcare payments company focused on improving access and affordability of care [1] - Paytient enables employers and insurers to provide cost-sharing solutions that allow patients to manage out-of-pocket healthcare costs over time without interest or fees [2] - Paytient currently serves over 23 million members and partners with nearly 7,000 employers, insurers, and providers, embedding cost-smoothing solutions into health plan designs [3] Company Overview - Paytient is transforming healthcare access and affordability by offering employer- or health plan-embedded payment solutions for various out-of-pocket expenses [6] - Trinity Capital Inc. is an alternative asset manager that focuses on delivering consistent returns through private credit markets, with a diverse range of business verticals [5]