Fintech platform Worth partnered with patient financing provider PatientFi in a collaboration that marks Worth’s expansion into the healthcare sector. The partnership aims to make elective medical procedures more accessible to patients by streamlining the financing and onboarding process for healthcare providers.
PatientFi integrated Worth’s all-in-one automated workflow platform to simplify patient onboarding, accelerate financial approvals, and improve the customer experience. According to the announcement, the integration of Worth’s workflows with PatientFi’s financing options will help healthcare providers reduce administrative burdens and increase patient acceptance rates for elective procedures.
Automating onboarding and underwriting in healthcare
Worth’s platform is designed to optimise underwriting and onboarding workflows by leveraging a proprietary database of more than 242 million small businesses and over 1,100 real-time data points. The company reports that this enables it to deliver match rates of over 90 per cent and provide seamless application pre-fill capabilities, leading to faster and more accurate underwriting decisions.
The platform combines compliance tools, tailored workflows, and centralised case management to streamline risk reviews. For PatientFi, this includes features such as instant API-based verification of National Provider Identifier (NPI) and state medical licenses, SSN-optional identity checks, and customised alerts. By integrating Know Your Customer (KYC), Identity Verification (IDV), fraud detection, and credit checks into a single flow, PatientFi can onboard customers more quickly.
“At Worth, we’re passionate about removing barriers and creating seamless financial solutions that make an impact,” said Sal Rehmetullah, chief executive officer and founder of Worth. “Our integration with PatientFi is a prime example of how technology can transform the healthcare financing experience, making life-changing procedures more accessible to patients while streamlining operations for providers.”
Streamlining provider enrollment and reducing onboarding time
The collaboration has already yielded significant operational efficiencies for PatientFi. The company reported that the new merchant onboarding and monitoring tool from Worth has cut its onboarding time for healthcare providers by nearly 50 per cent.
“With built-in auto-lookup features, we can gather key details behind the scenes, letting us simplify the enrollment process and ask fewer questions—without adding risk,” said Lisa Kesterson, vice president of risk and lending operations at PatientFi. “The result is a smoother experience for medical providers to enroll, who can start offering financing sooner, and a win for patients, who get access to care without delay.”
Worth, founded in 2023 by Sal Rehmetullah and Suneera Madhani, continues to expand its services across the healthcare, financial services, fintech, and credit union sectors.
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