Pennsylvania-Based AblePay Health Raises $20M in Series A Funding

Why the Funding Matters

AblePay Health will use the funding to expand its reach, strengthen its technology platform, and develop its services for patients and healthcare providers.

The investment comes as healthcare affordability remains a challenge for patients, and medical providers. AblePay aims to help patients manage medical bills while giving providers a more predictable payment process.

Who founded AblePay Health?

AblePay Health was founded in 2016 by John Fistner. The company is headquartered in Bethlehem, Pennsylvania.

It works with healthcare organizations to improve the payment experience for patients and support providers' financial performance.

"Healthcare affordability affects both sides of the bill," said John Fistner, Founder and CEO of AblePay Health. "Patients need a better way to manage the cost of care, and providers need a better way to collect the revenue they have already earned.

"AblePay has built a differentiated model that addresses a significant market pain point for both healthcare providers, and patients," said Nikhil Marathe, Principal at F-Prime. "The company combines a compelling patient value proposition with meaningful financial and operational benefits for healthcare organizations.

Market and Business Growth

AblePay's funding comes as the company enters its second decade of growth.

According to the source announcement, the Centers for Medicare & Medicaid Services reported that Americans paid $591 billion out of pocket for healthcare in 2025, up 6% from the previous year.

AblePay addresses this challenge by combining patient payment options with provider payment support. It's platform is designed to help patients save on eligible medical expenses and assist healthcare organizations with more predictable payments and improved patient satisfaction.