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Patientco Moves to New Office to Support Growth, as Company Now Facilitates Patient Payments for 5% of U.S. Population

November 6, 2019

ATLANTA--(BUSINESS WIRE)--Nov 6, 2019--

Patientco, a next-generation patient payment technology company, has moved to a new, larger office space in Atlanta’s Midtown neighborhood to accommodate the company’s rapid growth. Patientco’s new office is located at 715 Peachtree Street, Suite 900 in Atlanta, Georgia.

In addition to moving offices, Patientco has achieved several milestones in 2019. Today, the company facilitates healthcare billing and payments for approximately 5% of the U.S. population. This is the result of an expanded client base that includes some of the largest health systems in the country.

In just one year, Patientco has increased the amount of payment dollars processed by more than 65%. By striving to provide patients with a more transparent financial experience, Patientco has grown digital engagement as well. In the last two years, Patientco has increased the number of digital communications sent to patients by more than 450%.

Part of Patientco’s growth can be attributed to the company’s continued product innovation. Earlier this year, Patientco launched Digital-First Billing. Launched in April 2019, Digital-First Billing enables Health Systems to engage with patients via email or text first without mailing a paper statement while providing tailored, affordable payment options. Not only does this create a better patient experience, it also adds value for Health Systems. One client who went live with Digital-First Billing saw a 40% increase in self-service payments and reduced their average days to pay by half in just six months.

Patientco also joined the Epic App Orchard this year. The company now offers two payments solutions available in the marketplace: Patientco Patient Payments, which supports self-service payments via MyChart, and Patientco Encrypted Device Integration, which allows staff to collect payments without leaving the Epic workflow.

“This has been a monumental year for Patientco because today’s Health Systems need modern, intuitive billing and payment tools now more than ever,” said Bird Blitch, CEO of Patientco. “Health System revenue attributable to patient financial responsibility has nearly doubled over the last five years, which means creating a superior payment experience that addresses patients’ financial needs is critical. Patientco empowers Health Systems to offer a billing and payment experience that delights patients and positively impacts their organization’s bottom line.”

About Patientco:

Patientco is a payment technology company founded specifically to rethink the patient payment experience in healthcare. By combining intuitive consumer payment tools and world-class payment infrastructure backed by data-led design, we create a superior billing experience and deliver more payments to Health Systems. Patientco is making healthcare better one payment at a time. To learn more, email learnmore@patientco.com, visit www.patientco.com or connect on LinkedIn.

View source version on businesswire.com:https://www.businesswire.com/news/home/20191106005604/en/

CONTACT: Mallory Griffin

Mallory.griffin@patientco.com

706-830-0868

KEYWORD: UNITED STATES NORTH AMERICA GEORGIA

INDUSTRY KEYWORD: PROFESSIONAL SERVICES DATA MANAGEMENT HEALTH TECHNOLOGY PRACTICE MANAGEMENT SOFTWARE FINANCE

SOURCE: Patientco

Copyright Business Wire 2019.

PUB: 11/06/2019 09:26 AM/DISC: 11/06/2019 09:26 AM

http://www.businesswire.com/news/home/20191106005604/en