1. Paytient secured $40 million from Trinity Capital for expansion. 2. Partnership focuses on standardizing cost-smoothing in health plans. 3. Paytient serves 23 million members, emphasizing affordability and patient decision-making. 4. Trinity Capital sees strategic value in the partnership for sustainable growth. 5. Paytient's model addresses healthcare cost issues and supports financial savings.
The funding expands Paytient's market reach, potentially increasing Trinity Capital's returns. Historical precedents show that successful funding increases market confidence in associated firms.
The article details a significant partnership that enhances Trinity Capital's portfolio, likely influencing investor sentiment positively.
Paytient's expansion into diverse healthcare markets suggests long-term growth potential for Trinity Capital. Previous cases of innovative financing have led to sustained returns over time.
COLUMBIA, Mo., June 3, 2025 /PRNewswire/ -- Paytient, the healthcare payments company helping people better access and afford care, has secured $40 million from Trinity Capital, a trusted partner for innovative companies seeking tailored growth capital solutions. The facility will support Paytient's expansion into large group employer-sponsored plans, alternative health plans, the ACA marketplace, and Medicare, as plan-embedded out-of-pocket affordability or cost-smoothing solutions are becoming standard in health plan benefits.
Paytient enables employers and insurers to transform how cost share responsibility feels for patients. As part of the health plan, Paytient enables people to easily access care from providers and manage out-of-pocket healthcare costs over time, without interest or fees. Paytient empowers members to confidently choose lower-premium plans by creating certainty that any healthcare expense that they need to self-pay will be more affordable. Paytient improves patient decision making, lowers premium costs and creates financial savings for employers.
"This partnership allows us to scale faster and meet the growing demand from insurers and employers looking to offer smarter, more human-centered ways to help people navigate the cost of care," said Brian Whorley, founder and CEO of Paytient. "The last twenty years have been characterized by shifting responsibility to patients without a matching ability to pay for care. When ability to pay is part of the plan, you see better decision-making and a healthier health system in several important ways."
Today, Paytient serves over 23 million members and partners with nearly 7,000 employers, insurers and providers, including major payers who now embed cost-smoothing into their plan designs as a standard affordability benefit.
The company is riding several tides:
"As healthcare costs continue to rise, Paytient is solving a critical pain point for both patients and the organizations that serve them," said Jack McNamara, Director of Tech Lending for Trinity Capital. "Their proven model, strong leadership, and rapid market traction position them well for long-term success."
"Cost-smoothing isn't just a feature—it's a foundational shift in how we pay for care that creates a virtuous cycle of value creation within the system," said Whorley. "We're committed to making it a standard part of every health plan, no matter what kind of insurance someone has."
Paytient is transforming how Americans access and afford healthcare. The company provides employer- or health plan-embedded payment solutions that members can use to pay for out-of-pocket medical, dental, vision, pharmacy, and veterinary expenses.
Trinity Capital Inc. (Nasdaq: TRIN) is an international alternative asset manager that seeks to deliver consistent returns for investors through access to private credit markets. Trinity Capital sources, structures, and invests in well-capitalized growth-oriented companies. With distinct business verticals: Sponsor Finance, Equipment Finance, Tech Lending, Asset-Based Lending, and Life Sciences, Trinity Capital stands as a long-term trusted partner for innovative companies seeking tailored debt structures. Headquartered in Phoenix, Arizona, Trinity Capital's dedicated team is strategically located across the United States and in London (UK). For more information on Trinity Capital, please visit trinitycapital.com and stay connected to the latest activity via LinkedIn and X (@trincapital).
SOURCE Paytient