Finpay

Overview

FinPay is a company based in the United States that operates within the software industry, specifically focusing on financial software and services related to healthcare. Founded in 2015, the company has a workforce of between 51 and 200 employees and reported revenue of approximately 12.6 million USD. FinPay's expertise lies in enhancing patient financial engagement within healthcare settings, addressing the challenges patients face regarding financial literacy, cost navigation, and payment options. A key theme in their published white paper emphasizes the necessity of having dedicated specialists for patient financial engagement, as opposed to overburdening admissions teams with these responsibilities. The document outlines the importance of improving the financial experience for patients to match the quality of clinical care, particularly in the context of rising healthcare costs and the financial pressures on behavioral health facilities. FinPay advocates for a structured approach to patient financial engagement, highlighting its role in optimizing revenue collection and ensuring better financial outcomes for both patients and healthcare organizations.

Industry