OnPlan Holdings, LLC

OnPlan Holdings, LLC is a healthcare technology firm that enhances patient payment experiences through innovative financial solutions, focusing on affordability and streamlining billing processes for healthcare providers. OnPlan Holdings, LLC, founded in 2014 in Bannockburn, US, specializes in healthcare financial solutions. The company was acquired by Flywire in January 2018 as part of their strategic growth. It has completed 2 deals to date, with total funds raised amounting to USD 0.

45 mn from its latest round. OnPlan Holdings offers a comprehensive range of financial solutions tailored for healthcare organizations, aimed at improving patient payment experiences. Their offerings include a data-driven affordability suite with options for payment plans and integrated financing, facilitating communication with patients through preferred channels like emails and text messages. These services cater to various healthcare providers, including hospitals and clinics across North America, Europe, and Asia-Pacific.

OnPlan Holdings generates revenue through transaction-based partnerships with healthcare organizations. Their services enable providers to effectively manage payment processing, streamline billing, and improve collection rates through structured agreements that typically involve transaction fees based on processed volumes. This model helps healthcare providers optimize their revenue cycles while enhancing patient payment experiences. The company is focused on expanding its product suite and enhancing its service offerings.

With the acquisition by Flywire, OnPlan is expected to leverage additional resources for product development aimed at launching new financial tools tailored for healthcare providers. Furthermore, the firm plans to expand its market presence into more regions, particularly targeting Europe and Asia-Pacific by 2025. The recent funding from the acquisition in January 2018 will support these initiatives, although specific financial terms were not disclosed.