HealthEquity, an HSA custodian, has partnered with Paytient, a healthcare technology firm, to provide Health Payment Accounts (HPAs) for employees.
HPAs allow employees to manage healthcare copays over time for various medical services, including dental, vision, and pet care. The partnership aims to improve access to essential care by eliminating credit checks and reducing employee financial stress. This collaboration is expected to benefit employees—by providing greater confidence in pursuing healthcare—and employers—by potentially lowering high-cost claims through better access to preventive care.
Analyst QuickTake : In May 2024 , Patient appointed Joe Gabler as its chief growth officer (CGO). Gabler's responsibilities included expanding Paytient's strategic partnerships with leading employers, payers, and pharmacy benefit managers (PBMs) and driving the company's overall growth. The partnership with HealthEquity can be seen as a strategic move toward meeting these goals.
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