AblePay Health, a company tackling the financial strain of rising out-of-pocket medical expenses, has secured a $20.0M Series A funding round. The startup offers what it calls the next generation of patient engagement programs, designed to bridge the gap between patients struggling with medical bills and providers facing collection challenges.
Its proprietary program takes a surprisingly simple approach, combining savings, flexibility, and advocacy to assist medical providers with patient responsibility after insurance. This system aims to improve the financial landscape for both parties, ultimately enhancing the patient relationship and their overall experience with healthcare payments.
