Paytient

Product Manager - Payments

Columbia, Missouri, United States

Not SpecifiedCompensation
Entry Level & New GradExperience Level
Full TimeJob Type
UnknownVisa
Financial Services, HealthcareIndustries

Position Overview

  • Location Type: Remote / Onsite (Columbia, MO)
  • Employment Type: Full-time
  • Salary: Not specified

Paytient is a company dedicated to improving access and affordability of care. They partner with employers and health plans to provide a Health Payment Account (HPA) that allows users to pay for medical expenses in installments. Founded in 2018, Paytient now serves nearly 6,000 employer health plans and is focused on removing cost as a barrier to care.

What You’ll Do

  • Directly impact the health and success of the business and help our customers better access and afford care.
  • Own the end-to-end product lifecycle—from vision and strategy to requirements, launch, and iteration—for core payment flows (in-app repayments, ACH/autopay, etc).
  • Understand Paytient's product suite, customer needs, market trends, and competitive landscape to define a winning product strategy that focuses on solving the highest impact areas for both our users and our business simultaneously.

Requirements

  • Passion for improving the lives of members.
  • Curiosity and drive to deeply understand a complex industry (healthcare and payments).
  • Ability to make difficult trade-offs to prioritize impactful opportunities.
  • Experience transforming complex problems into easy-to-use solutions.
  • Previous experience in payments and/or healthcare is preferred, but not required.

Responsibilities

  • Lead the vision, strategy, and execution for one of the product teams driving the Health Payment Account (HPA).
  • Define a winning product strategy focused on solving the highest impact areas for users and the business.
  • Manage the entire product lifecycle, including vision, strategy, requirements, launch, and iteration.
  • Understand and address core payment flows such as in-app repayments and ACH/autopay.

Company Information

  • Founded: 2018
  • Mission: To help people better access and afford care.
  • Current Reach: Serving nearly 6,000 employer health plans.
  • Product: Health Payment Account (HPA) - a Paytient Visa card for medical, dental, vision, pharmacy, behavioral-health, and veterinary expenses.
  • Partners: Fortune 500 employers, health plans, and health systems.

Skills

Product Management
Healthcare industry knowledge
Payments industry knowledge
Product lifecycle management
Market analysis
Customer needs assessment
Strategic planning
Problem-solving
Prioritization

Paytient

Platform for managing out-of-pocket medical expenses

About Paytient

Paytient provides a platform that helps employees manage their out-of-pocket medical expenses more effectively. The service integrates with existing payroll systems, allowing employees to set up flexible payment plans for their medical costs. This means that instead of paying for healthcare expenses all at once, employees can spread the payments over time, making it easier to afford necessary treatments and medications. Paytient differentiates itself from competitors by focusing on partnerships with employers and insurers to offer this benefit as part of health plans, which enhances employee satisfaction and retention. The goal of Paytient is to reduce the financial burden of healthcare costs, ultimately improving employee well-being and productivity.

Columbia, MissouriHeadquarters
2018Year Founded
$35.9MTotal Funding
DEBTCompany Stage
Fintech, Financial Services, HealthcareIndustries
51-200Employees

Benefits

Health Insurance
Dental Insurance
Vision Insurance
Health Savings Account/Flexible Spending Account
Unlimited Paid Time Off
401(k) Company Match
401(k) Retirement Plan
Parental Leave
Stock Options

Risks

Increased competition from fintech companies threatens Paytient's market share.
Regulatory scrutiny may lead to stricter compliance requirements for Paytient.
Economic downturns could reduce employer spending on benefits, impacting Paytient's revenue.

Differentiation

Paytient offers Health Payment Accounts integrated with commercial and Medicare plans.
The company partners with major employers like Anthem and Cigna for healthcare payment solutions.
Paytient's platform integrates with payroll systems for flexible medical expense payments.

Upsides

Digital health wallets adoption aligns with Paytient's payment flexibility mission.
Embedded finance in healthcare enhances user experience, benefiting Paytient's integration efforts.
Employers' focus on financial wellness benefits boosts demand for Paytient's services.

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