Allentown, Pa. – – October 07, 2026 -- AblePay Health has closed a $20 million Series A financing round led by F-Prime, with participation from A1 Health Ventures and .406 Ventures, to expand its healthcare payment platform for patients and providers.
Out-of-pocket medical costs hit $591 billion in 2025, up 6% year-over-year
According to the Centers for Medicare & Medicaid Services, Americans paid $591 billion out of pocket for healthcare in 2025, a 6% increase from the prior year. The rising burden leaves providers more exposed to patient payment risk, tying revenue cycle performance directly to patients' ability and willingness to pay.
AblePay guarantees non-recourse provider payments on an accelerated timeline
The company's proprietary technology platform integrates with healthcare providers to guarantee non-recourse payment on a predictable schedule. Enrolled patients gain flexible payment options, potential savings on out-of-pocket costs, and free access to an Advocacy Team for billing support.
Fresh capital arrives as AblePay enters its second decade of operations
Founded in 2016, AblePay will use the Series A proceeds to deepen its technology platform, expand services, and reach more health systems nationwide. John Fistner, Founder and CEO of AblePay Health, said patients need better tools to manage care costs while providers need improved collection on revenue already earned, adding that only a fraction of the affordability burden is currently served by third-party financing solutions.
F-Prime cites differentiated model addressing both patient and provider pain points
Nikhil Marathe, Principal at F-Prime, said AblePay combines a patient value proposition with financial and operational benefits for healthcare organizations, and that F-Prime is partnering with AblePay alongside A1 Health Ventures and .406 Ventures for the company's next growth stage.