healthcare-payments
(14)
Waystar
The company that runs the plumbing behind American medical bills is betting AI can drain billions in administrative waste - and half the country's patients are already in its pipes.
Arrow
Arrow is a New York-based healthcare technology company building an AI-powered operating system for revenue cycle management (RCM). Formerly known as Walnut and often described as 'Stripe for healthcare,' Arrow helps healthcare organizations reduce claim denials, accelerate collections, and run billing, claims, and payer communications from a single platform. Founded in 2020 by Roshan Patel and Yash Joshi, the company emerged from stealth in 2024 with $110M in Series A financing led by Gradient Ventures.
Cedar
Cedar is a New York-based healthcare financial technology company that helps hospitals, physician groups and payers modernize the way patients understand and pay their medical bills. Founded in 2016 by Florian Otto and Ariel Lidow, Cedar combines consumer-grade digital billing, personalized payment plans, coverage and benefits tools, and AI-powered support - including its Kora AI voice agent - into a single patient financial engagement platform. It works with more than 55 leading health systems and payers, has processed billions of dollars in patient payments, and reached a $3.2 billion valuation after a 2021 Series D.
Jopari Solutions, Inc.
Jopari Solutions is a Concord, California health information technology company that electronifies the medical claim lifecycle - bills, attachments, remittances and payments - for the property and casualty, workers' compensation, auto medical and group health insurance markets. Founded in 2003 by Steve Stevens, Jopari runs a connectivity network linking more than 5,000 insurance payers with roughly 1.5 million providers, replacing paper-based claim processing with straight-through electronic transactions. In April 2026 it was acquired by Office Ally, a New Mountain- and Francisco Partners-backed clearinghouse, from growth-equity firm WestView Capital Partners.
Collectly
Collectly is a San Francisco-based healthcare fintech that automates the patient side of revenue cycle management. Its AI platform plugs into more than 20 EHR and practice-management systems to run digital billing, eligibility checks, cost estimates, payments and follow-up, so medical groups collect more, faster, with fewer staff hours. Founded in 2017 and a Y Combinator graduate, Collectly says it serves 3,000+ healthcare facilities and has processed over $1 billion in patient payments. In 2025 it launched Billie, a 24/7 AI agent that answers patient billing questions and takes action across voice, chat, text and email.
Roshan Patel
Roshan Patel is the co-founder and CEO of Arrow, a New York-based healthcare payments company (formerly Walnut) that uses AI to detect claim errors, accelerate reimbursement, and give revenue cycle teams real-time visibility into what payers are doing. He built the original company as a buy-now-pay-later product for medical bills after watching a family member's bills pile up, raised a $110 million Series A led by Gradient Ventures in 2022, then pivoted the business toward provider-side claims infrastructure and rebranded to Arrow in 2024.
Binkey
Binkey is a Washington, DC fintech that lets online merchants accept pre-tax health benefit dollars - FSA, HSA, and related accounts - as payment at checkout. Its AI-powered engine classifies products at the SKU level to determine IRS eligibility in real time, automates claim filing and reimbursement, and routes funds through developer-friendly APIs. Products span Binkey Pay (checkout acceptance), FSA + HSA Rewind (recovering unused benefit dollars from past purchases), and Binkey Vision (out-of-network vision reimbursement). The company raised $3.3M in seed funding in 2023.
Obiaku Hill
Obiaku Ohiaeri Hill is the founder and CEO of Binkey, a Washington, DC fintech that turns FSA and HSA accounts into a checkout button. After years inside healthcare's machinery as a scientist, a McKinsey expert, and a product VP, she built an API-enabled payment service that lets merchants accept pre-tax health dollars at the point of sale and auto-files the paperwork so customers stop forfeiting the money they already set aside. Binkey raised a $3.3M seed round in December 2023 led by Wellington Access Ventures and was selected for the Mastercard Start Path program.
Steven Greene
Steven Greene is the co-founder and CEO of Standard Practice, a New York voice-AI startup that automates the endless phone calls medical billing teams make to insurance companies. A reformed Goldman Sachs healthcare M&A banker turned operator, he built and rebranded the company from its original incarnation, Nibble Health, after watching healthcare workers burn roughly 4.5 hours a day on hold. Backed by $8.5M from Wing, Tiger Global, A* Capital and Expa, Greene is trying to give revenue cycle teams their time, and their money, back.
Chris Severn
Chris Severn is the co-founder and CEO of Turquoise Health, a San Diego company building software to make healthcare pricing transparent and to simplify the way hospitals and insurers contract and pay each other. After a decade modeling hospital managed-care contracts and running machine learning for payment integrity, he started Turquoise in 2020 with engineer Adam Geitgey, pivoting into federal price-transparency rules just as they took effect. The company has aggregated price data from thousands of hospitals and, in March 2026, raised a $40 million Series C led by Oak HC/FT to become what Severn calls the operating system for healthcare contracts and payments. He also teaches improv comedy and has testified before Congress on price transparency.
Turquoise Health
Turquoise Health is a San Diego health-tech company building the operating system for healthcare contracts and payments. It turns the messy, hidden world of payer and provider pricing - machine-readable files, claims, contracts and Medicare benchmarks - into clear, auditable rates and AI-readable contracts, so that buying and paying for care could one day be as straightforward as any other transaction. More than 280 organizations, including major health systems, national payers, pharma companies and brokers, use the platform.
Todd Watts
Todd Watts is the co-founder and CEO of PatientFi, an Irvine, California fintech that lets patients pay for elective and out-of-pocket healthcare in monthly installments at the point of care. Since starting the company in 2017, he has built a platform that has helped roughly 320,000 patients qualify for more than $3 billion in care across aesthetics, fertility, dentistry, ophthalmology and audiology, reaching a $140 million annual revenue run rate and 130 employees. A former J.P. Morgan investment banker with a Yale MBA, Watts was named an EY Entrepreneur Of The Year 2024 Pacific Southwest winner.
Itzik Cohen
Itzik Cohen is the Co-Founder and CEO of PayZen, a San Francisco-based healthcare fintech that has raised $452M to eliminate financial barriers to medical care. A former professional basketball player for Maccabi Tel Aviv, Israeli Air Force veteran, and three-time founding CEO, Cohen channeled two decades of fintech expertise from WebEx, Prosper Marketplace, and Beyond Finance into building an AI-powered platform that gives patients interest-free payment plans while boosting hospital collection rates by 30-35%. PayZen's $232M Series B in 2024, led by NEA, validated his conviction that the fastest-growing category of American consumer debt - medical bills - is also the most solvable.
Steve Stevens
Steve Stevens (full name: John 'Steve' Stevens) is the Founder, Chairman, and CEO of Jopari Solutions, Inc., a Concord, California-based healthcare IT company he built from the ground up in 2003. Over more than two decades, Stevens transformed Jopari into a dominant force in electronic medical claims, attachments, and payment processing for Property & Casualty, Workers' Compensation, and Group Health markets - connecting 1.5 million healthcare providers with over 5,000 insurance payers and facilitating more than $1 billion in annual payments. In April 2026, Jopari was acquired by Office Ally, capping a career in which Stevens has raised over $100 million in private capital and helped pioneer digital healthcare claims workflows.