Clean ClAImsFirst Pass

Collectly vs Flywire

Two Patient Payments & Billing vendors, side by side. Facts from public sources; judgments are ours.

At a glance

Derived from public facts · a rough scale, not a ranking

CollectlyFlywire
Pricing model

Subscription (per user or PMPM) · module and volume based, quote only

Per-transaction / per-chart · Payment processing fees, quote only

Speed to go live

4 to 8 weeks with EHR sync

Deep Epic payment workflow integration

Automation model

Software platform · patient billing plus AI agents

Software platform · Patient payments embedded in MyChart

Built for

Mid-size groups, Enterprise systems, Billing companies

Enterprise systems

Security posture

HITRUST, SOC 2 Type II, PCI DSS, HIPAA

SOC 2 Type II, PCI DSS, HITRUST, HIPAA

Company maturity

9 yrs (est. 2017)

17 yrs (est. 2009)

Financial backing

$34M · Series A

Public (NASDAQ: FLYW)

Named customers

None public

2 named

Published results

Specific numbers public

Specific numbers public

Documented integrations

4 listed

1 listed

Third-party validation

None found

KLAS / analyst cited

Bottom line

  • Pick Collectly if patient balances sit unpaid for 60+ days and you want digital-first statements and payments live within two months.
  • Pick Flywire if you're a health system on Epic that wants patient payments and affordable payment plans embedded directly in MyChart and Resolute.

Collectly

Automated patient billing for medical groups

Founded
2017
HQ
Santa Monica, CA
Stage
Series A
Raised
$34M

What it does

  • Digital-first patient statements by text and email
  • Self-serve payments and flexible payment plans
  • AI agents answer patient billing questions
  • Automated follow-up sequences until balance resolution
  • Collections and DSO analytics for billing teams
  • Connects to 30+ EHR and PM platforms

Where it's strong

  • Purpose-built for medical groups and ambulatory practices, with quick EHR-connected deployment instead of an enterprise implementation.
  • Publishes strong outcome claims: patient collections up 75%, DSO down to about 12 days, 93% patient satisfaction.
  • Sapphire-led $29M Series A and 3x annual revenue growth suggest real momentum in the mid-market.

What buyers should weigh

  • It has raised $34M against far larger competitors like Cedar, so weigh long-term vendor durability for enterprise commitments.
  • Named customers are scarce in public materials; insist on references from groups your size and specialty.
  • Hospital-scale organizations with deep Epic workflows are outside its sweet spot.

Integrations

DrChronoAdvancedMDAllscriptsCureMD
Full Collectly profile →

Flywire

Public payments company with a healthcare affordability arm

Founded
2009
HQ
Boston, MA
Stage
Public (NASDAQ: FLYW)
Raised
$263M pre-IPO

What it does

  • Digital patient billing and payment portal
  • Analytics-driven patient outreach and engagement
  • Self-service payment plans, provider-funded or financed
  • Integrated non-recourse financing up to 60 months
  • Cross-border payments in 140+ currencies

Where it's strong

  • Public-company scale and financial transparency, with proven deployments at very large systems like Banner Health and CommonSpirit.
  • The affordability suite lets providers offer long payment plans without carrying receivables, since financed plans are funded non-recourse.
  • A Forrester Total Economic Impact study commissioned by Flywire found clients can reach a 269% ROI.

What buyers should weigh

  • Healthcare is one of four verticals alongside education, travel, and B2B, and recent capital went to travel (the $330M Sertifi deal), so healthcare is not the company's center of gravity.
  • It covers patient payments and engagement, not claims, denials, or payer-side revenue cycle work, so you still need other RCM tooling.
  • Best suited to large systems with high patient-pay volume; smaller groups may not justify the platform.

Named customers

Banner Health · CommonSpirit Health

Integrations

PayZen (financing partner)
Full Flywire profile →

Compare against the rest of Patient Payments & Billing

Deciding between these two?

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