Healthcare Payment Processing Platforms sector
Strategic acquirers, private equity (buyout funds and growth funds) firms, and valuation benchmarks for Healthcare Payment Processing Platforms
1.1 - About Healthcare Payment Processing Platforms sector
Companies in the Healthcare Payment Processing Platforms category provide software and payment infrastructure that digitize patient-to-provider transactions and payer-to-provider disbursements. They integrate payments into EHR/PM workflows, support card, ACH, and HSA/FSA funding, and enable secure remittance and posting. The value proposition centers on faster collections, lower cost-to-collect, and improved compliance and transparency across revenue cycle payment operations.
Vendors typically offer integrated payment gateways embedded in EHR/PM systems, point-of-care POS for card-present transactions, patient portals for online bill pay, and automated payment plans with financing options. They provide real-time eligibility verification and cost estimators, EDI clearinghouse services for claims and ERA/EFT remittance, robust payment posting and reconciliation, tokenization and PCI/HIPAA compliance, HSA/FSA card acceptance, and tools for refunds, chargeback management, and analytics supporting strategic buyers in healthcare payments.
Primary customers include health systems and hospitals, multi-specialty physician groups, and payers or TPAs. Outcomes include increased patient collections and ERA/EFT adoption, reduced DSO and cost-to-collect, fewer manual posting errors and chargebacks, and a better patient financial experience. These platforms also strengthen data security and regulatory compliance while streamlining reconciliation and cash posting across complex provider networks.
2. Buyers in the Healthcare Payment Processing Platforms sector
2.1 Top strategic acquirers of Healthcare Payment Processing Platforms companies
Paytient
- Description: Provider of healthcare payment solutions that embed Health Payment Accounts and a Medicare Prescription Payment Plan within employer and insurer offerings, giving patients flexible, interest-free ways to pay for medical expenses and encouraging better healthcare decisions that lower costs for plan sponsors.
- Key Products:
- Paytient Card: Payment card accepted in approved healthcare merchant categories that covers upfront costs for medical visits, therapy and prescriptions, allowing members to repay over time with no immediate financial strain
- Health Payment Account: Funding account paired with the card that provides on-demand credit for healthcare expenses and enables customized installment plans, helping users access care without delaying treatment
- Paytient App & Portal: Digital platform at my.paytient.com where members review approved merchant categories, monitor card transactions and manage repayment schedules, giving real-time control and transparency over healthcare spending.
- Company type: Private company
- Employees: ●●●●●
- Total funding raised: $●●●m
- Backers: ●●●●●●●●●●
- Acquisitions: ●●
2.2 - Strategic buyer groups for Healthcare Payment Processing Platforms sector
M&A buyer group 1: Embedded Payments
Fiserv
- Type: N/A
- Employees: ●●●●●
- Description: Provider of technology solutions that deliver innovative and transformative financial-services experiences worldwide, with specialties spanning payments, mobile and online banking, core banking, risk and compliance, customer and channel management, business insights and optimization, processing services, and lending solutions for clients in more than 100 countries.
- Key Products:
- Payment & Mobile Banking Systems: Platform enabling real-time electronic payments and mobile banking access, allowing financial institutions to deliver secure transaction processing and account management across devices
- Account Processing & Digital Banking Solutions: Core software that manages the full account lifecycle, supporting deposits, lending, card operations and omnichannel digital self-service for banks and credit unions
- Merchant Acquiring & Processing Platforms: End-to-end services that onboard merchants, handle POS transactions, online loyalty payments and settlement through integrated network services for rapid, secure payment acceptance
- Security & Fraud Protection Products: Suite of tools that monitor transaction data, detect fraudulent activities and enforce security controls to reduce payment risk for card issuers and financial institutions.
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●● companies3. Investors and private equity firms in Healthcare Payment Processing Platforms sector
3.1 - Buyout funds in the Healthcare Payment Processing Platforms sector
2.2 - Strategic buyer groups for Healthcare Payment Processing Platforms sector
4 - Top valuation comps for Healthcare Payment Processing Platforms companies
4.2 - Public trading comparable groups for Healthcare Payment Processing Platforms sector
Valuation benchmark group 1: Ambulatory RCM and Practice Management Software
Privia Health
- Enterprise value: $●●●m
- Market Cap: $●●●m
- EV/Revenue: ●.●x
- EV/EBITDA: ●●.●x
- Description: Provider of technology-driven healthcare solutions, optimizing physician practices, enhancing patient experiences, and rewarding doctors for high-value care through collaboration with medical groups, health plans, and health systems.
- Key Products:
- Practice Management: Tools and services to optimize physician practices
- Patient Portal: Platform for patient engagement and communication
- Value-Based Care: Strategies to improve care quality and reduce costs
- Virtual Care: Telehealth services for remote patient consultations
- Fitness and Nutrition Plans: Personalized health assessments and plans for patients