Paytient, a healthcare payments company helping people better access and afford care, announced it has secured $40 million from Trinity Capital. This facility will support Paytient’s expansion into large group employer-sponsored plans, alternative health plans, the ACA marketplace, and Medicare, as plan-embedded out-of-pocket affordability or cost-smoothing solutions are becoming standard in health plan benefits.
Paytient helps employers and insurers to transform how cost-sharing responsibility feels for patients. And as part of the health plan, Paytient enables people to easily access care from providers and manage out-of-pocket healthcare costs over time, without interest or fees.
Paytient enables members to confidently choose lower-premium plans by creating certainty that any healthcare expense that they need to self-pay will be more affordable. Paytient improves patient decision making, lowers premium costs, and creates financial savings for employers.
Paytient now serves over 23 million members and partners with nearly 7,000 employers, insurers, and providers, including major payers who now embed cost-smoothing into their plan designs as a standard affordability benefit.
Momentum: The company is riding several tides:
1.) The Medicare Prescription Payment Plan (M3P solution) gives every Part D beneficiary the ability to pay for care over time. Paytient is America’s largest provider of M3P payment solutions, powering 40% of the Part D marketplace.
2.) A strategic deal with HealthEquity that gives employees greater confidence to access and afford healthcare.
3.) Expansion of ACA marketplace partnerships, now active in 13 states, up from 8 in 2024—with a nationwide expansion in 2026 through a previously unannounced partnership with a major national insurer.
KEY QUOTES:
“This partnership allows us to scale faster and meet the growing demand from insurers and employers looking to offer smarter, more human-centered ways to help people navigate the cost of care. The last twenty years have been characterized by shifting responsibility to patients without a matching ability to pay for care. When ability to pay is part of the plan, you see better decision-making and a healthier health system in several important ways.”
“Cost-smoothing isn’t just a feature—it’s a foundational shift in how we pay for care that creates a virtuous cycle of value creation within the system. We’re committed to making it a standard part of every health plan, no matter what kind of insurance someone has.”
Brian Whorley, founder and CEO of Paytient
“As healthcare costs continue to rise, Paytient is solving a critical pain point for both patients and the organizations that serve them. Their proven model, strong leadership, and rapid market traction position them well for long-term success.”
Jack McNamara, Director of Tech Lending for Trinity Capital
