Trinity Capital, an alternative asset manager, committed $40 million in growth capital to Paytient, a healthcare payments company helping people better access and afford care.
“Paytient is addressing a growing need in the healthcare landscape by making care more accessible and affordable,” Jack McNamara, director of tech lending for Trinity Capital, said. “As the demand for flexible healthcare solutions continues to rise, the Paytient team’s expertise and momentum position them well to serve this growing market.”
This growth capital 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.
“Our partnership with Trinity Capital is about more than funding—it’s about shared conviction,” Brian Whorley, founder and CEO of Paytient, said. “We both believe there’s a better way to help people manage the cost of care. This capital allows us to scale faster and deepen our impact—for the members we serve, the employers who support them and the health plans working to make care more accessible and affordable.”
