HealthPay24
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HealthPay24 - overview
Established
2001
Location
Mechanicsburg, PA, US
Primary Industry
Healthcare IT
About
HealthPay24 is a healthcare payments platform that facilitates seamless payment processes for patients and providers, enhancing financial efficiency within the healthcare industry. HealthPay24, founded in 2001 in Mechanicsburg, US, focuses on healthcare payment solutions. The company was acquired by Waystar, Inc. on August 3, 2023, enabling further integration into the healthcare revenue cycle.
The founder's prior history is not publicly available. HealthPay24 specializes in healthcare payment solutions that streamline transactions between patients and providers. Its offerings include payment processing, financial clearance, and patient engagement tools aimed at improving the overall efficiency of healthcare payments. HealthPay24 operates under a subscription-based model, providing its services through tiered pricing plans tailored to healthcare organizations.
Revenues are generated through annual or monthly subscriptions, allowing healthcare providers to access its comprehensive payment solutions. Following the acquisition by Waystar, Inc. on August 3, 2023, HealthPay24 plans to enhance its service offerings and streamline healthcare payment processes. The integration aims to leverage the advanced revenue cycle management technologies of Waystar, with a focus on optimizing financial outcomes for healthcare providers and improving patient experiences.
Current Investors
EngageSmart, Inc.
Primary Industry
Healthcare IT
Sub Industries
Healthcare IT, Medical Software, Accounting/Finance Software
Website
www.healthpay24.com
Verticals
FinTech, HealthTech
Company Stage
Add-on
Total Amount Raised
Subscriber access only
HealthPay24 - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on, Trade Sale | Completed | HealthPay24 | - | ||||||||
| Add-on | Completed | HealthPay24 | - |
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