Nationwide digital healthcare marketplace Tripment Health is partnering with healthcare buy now, pay later (BNPL) firm Walnut to integrate the finance tool into Tripment’s booking platform.
“There are over 91 million uninsured and underinsured Americans who are forced to pay for a majority of their healthcare out-of-pocket,” Alex Radunsky, co-founder and CEO at Tripment Health, said in a press release on Tuesday (Jan. 11).
“Our online marketplace provides these Americans access to affordable high-quality care with full price transparency,” Radunsky continued, adding that teaming up with Walnut will give patients the extra flexibility to pay for necessary medical care.
See also: Telehealth, Digital Payments Make Healthcare Easier, Affordable for Patients and Providers
As a digital healthcare ecosystem available across the country, Tripment Health offers people paying for services with cash an affordable care option with transparent and upfront pricing. There are thousands of services and procedures available for patients to choose from, including telehealth, in-person visits, diagnostic imaging services, discount prescriptions and lab tests.
“Patients are increasingly looking for easier and more flexible ways to pay, and platforms that enable these types of payment options can rapidly see adoption while increasing patient satisfaction,” said Roshan Patel, CEO of Walnut.
Patel added that teaming with Tripment will help spark their growth while delivering flexible payment options to an expanded roster of patients. People can pay for medical services in monthly installments from three to 12 months, with interest rates as low as 0% APR.
Read more: 76% of Patients Want to Digitally Manage Healthcare
Self-pay patients are a growing demographic that Tripment Health caters to, along with assisting those people with high-deductible insurance plans. Founded in 2021 by Radunsky and Vlad Yushvah, who serves as head of business development, Tripment offers primary care, along with a full roster of supplemental services such as diagnostic imaging, prescription drugs and lab tests.
With upfront and transparent pricing on all services, the company strives to offer access to high-quality healthcare without any surprise bills or hidden costs.
Based in New York and founded in 2020 by Patel and Yash Joshi, who serves as chief technology officer, Walnut is aiming to ensure that everyone who needs or wants healthcare can affordably access it. Walnut offers an alternative to credit cards or loans, offering patients the flexibility of BNPL at virtually any healthcare provider.
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