PatientPay Increases Year-Over-Year Sales Growth by 93%

PatientPay achieved an impressive 93% year-over-year sales growth from December 2023 to December 2024. With the addition of nearly 800 new specialty medical groups and community hospitals to its network, PatientPay now supports 1,849 healthcare providers with its proven financial services and digital billing strategies.

Key Highlights

• Record Growth: PatientPay increased revenue by 93% year-over-year and grew its customer network by 800 medical groups and hospitals.
• Digital Leadership: Expanded digital wallets on its network to over 1.2 million and increased digital payments from 75% to 90% of client revenue.
• Enhanced Patient Engagement: Mobile payments rose from 71% to 73%, and the ability to include insurance explanation-of-benefits (EOBs) with patient bills was implemented.
• Streamlined Collections: Automated card payment processing and reconciliation to reduce costs and staff time.

“PatientPay’s ability to cut through the confusion of healthcare billing is why our clients trust us to automate all of their patient payments. By streamlining collections with digital strategies, medical groups are able to take greater control over their card payments,” said Tom Furr, CEO of PatientPay. “We’re looking forward to another year of growth and expanding our services and reach to continue offering industry-leading service while strengthening the patient financial experience.”

— Tom Furr, CEO

Learn More

Discover how PatientPay’s innovative solutions are transforming healthcare payments and helping medical groups increase efficiency and patient satisfaction. Read the full press release.