Paytient Secures $40 Million from Trinity Capital to Fuel Market Expansion

Funding supports Paytient's rapid growth as cost-smoothing becomes a standard component of modern benefit design

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:

• The Medicare Prescription Payment Plan (M3P solution) gives every Part D beneficiary the ability to pay for care over time. Paytient is America's largest provider of M3P payment solutions, powering 40% of the Part D marketplace.
• A strategic partnership with HealthEquity that gives employees greater confidence to access and afford healthcare. 
• Expansion of ACA marketplace partnerships, now active in 13 states, up from 8 in 2024—with a nationwide expansion in 2026 through a previously unannounced partnership with a major national insurer.

"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."

About Paytient
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. 

About Trinity Capital
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).

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SOURCE Paytient