NEW YORK, August 16, 2022 – Today, Inc. revealed that AblePay Health is No. 381 on its annual Inc. 5000 list, the most prestigious ranking of the fastest-growing private companies in America. The list represents a one-of-a-kind look at the most successful companies within the economy’s most dynamic segment—its independent businesses. The companies on the 2022 Inc. 5000 have not only been successful but have also demonstrated resilience amid labor shortages and the ongoing impact of Covid-19.

“We are extremely proud of our overall ranking,” said John Fistner, AblePay Founder and CEO. “To rank 381^st on our first submission is a huge achievement. However, being ranked #22 in all health services nationwide was equally humbling. This recognition truly reflects how we are changing the financial landscape for healthcare consumers and healthcare providers, while dramatically improving the patient experience.”

“The accomplishment of building one of the fastest-growing companies in the U.S., in light of recent economic roadblocks, cannot be overstated,” says Scott Omelianuk, editor-in-chief of Inc. “Inc. is thrilled to honor the companies that have established themselves through innovation, hard work, and rising to the challenges of today.” 

About AblePay Health

Founded in Bethlehem, Pennsylvania, in 2016, AblePay Health (ablepayhealth.com) offers a simple solution to increasing healthcare costs in the United States. Since its inception, AblePay has assisted healthcare consumers and medical providers in Pennsylvania and New Jersey. Over the past 18 months, they have expanded to Ohio, Kentucky, Indiana, and Georgia.

AblePay Health assists healthcare providers in reducing their collection expenses while increasing receivable times. Healthcare consumers interested in lowering their out-of-pocket medical costs can enroll in this no-cost program. In addition, the program provides flexible payment terms and convenience with a high level of support for members. The business model works to assist both providers and healthcare consumers, strengthening that relationship while benefitting the communities they serve.

About Inc. 

The world’s most trusted business-media brand, Inc., offers entrepreneurs the knowledge, tools, connections, and community to build great companies. Its award-winning multiplatform content reaches more than 50 million people each month across various channels, including websites, newsletters, social media, podcasts, and print. Its prestigious Inc. 5000 list, produced every year since 1982, analyzes company data to recognize the fastest-growing privately held businesses in the United States. The global recognition of inclusion in the 5000 gives the founders of the best businesses an opportunity to engage with an exclusive community of their peers and the credibility that helps them drive sales and recruit talent. The associated Inc. 5000 Conference & Gala is part of a highly acclaimed portfolio of bespoke events produced by Inc.

Methodology 

Companies on the 2022 Inc. 5000 are ranked according to percentage revenue growth from 2018 to 2021. To qualify, companies must have been founded and generating revenue by March 31, 2018. In addition, they must be U.S.-based, privately held, for-profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2021.

31, 2021.

City Center Investment Corp., the real estate development company revitalizing downtown Allentown, Pennsylvania, announced today that AblePay Health has leased the entire 4th floor of Tower 6, its Class A office building at 600 Hamilton St.

“The move to a newer, larger space in downtown Allentown is the next phase of growth for AblePay,” said John Fistner, Founder and CEO. “Staying in the Lehigh Valley was important and finding a space to accommodate our current and future expansion was necessary. City Center met those needs. As a result, we have a stylish work environment with room to grow and a vibrant downtown right outside the front door.”

AblePay was founded in 2016 in response to the rising cost of healthcare impacting both patients and medical providers. AblePay enables patients to diffuse the costs of out-of-pocket medical expenses (co-pays, coinsurance, and deductibles) while assisting providers in reducing the costs associated with receiving patient payments. AblePay currently serves over 40,000 members and works with over 75 hospitals, including St. Luke’s University Health Network and Lehigh Valley Health Network. In addition to the hospitals, their agreements include hundreds of specialty facilities and thousands of providers within their respective physician groups in Pennsylvania, New Jersey, Ohio, Kentucky, Indiana, and Georgia.

AblePay, which currently has 25 employees with projections to double that number by the year’s end, will occupy approximately 12,500 square feet in Tower 6. 

“We’re over the moon that AblePay is here,” said Allentown Mayor Matt Tuerk. “It’s a well-run company that is doing something unique in the marketplace. They understand the value for a growing company in a place like downtown Allentown. The cities that have a bright future are a live, work, play environment and smart companies get that. Allentown has that live, work, play combo, and AblePay is a smart company.” 

Jarrett Laubach, City Center’s director of leasing said, “We are pleased to welcome AblePay Health to downtown Allentown. Their space in Tower 6 became available when our previous tenant moved to our Two City Center to expand. We are thrilled that AblePay has growth plans as well and that Tower 6 is the location they plan to grow in.” 

Bethlehem, Pa. November 20, 2020: SRHO – The National Association (“SRHO”) announced a strategic partnership to bring the AblePay model to their representative medical providers across the United States and ultimately benefiting healthcare consumers in the communities the providers serve.

SRHO is a consortium of Strategic Regional Healthcare Organizations established in 2017 with the goal of creating a national consortium to produce value among individual SRHOs that were previously not connected by providing one source of information and support to address their unique challenges.

AblePay Health’s current provider network includes 42 hospital campuses and over 1,100 specialty provider offices, covering 20 counties in Pennsylvania, New Jersey, and Ohio.

Mark Tribbett, Chief Executive Officer at SRHO, said, “Our new partnership with AblePay Health creates an exciting and innovative opportunity for our health system members. We were intrigued by AblePay’s unique business model that allows medical providers to decrease costs and dramatically increase revenues while assisting healthcare consumers in diffusing rising out-of-pocket medical expenses. The program will not only financially benefit providers but will significantly change the patient experience. We’re thrilled to welcome AblePay Health to our consortium and are excited to see the impact that it makes for our Members, Hospitals, and their Patients.”

“We are excited to partner with SRHO,” said John Fistner, Founder and CEO. “Our cash flow model accelerates revenue and cuts costs associated with collecting out-of-pocket payments for medical providers, while completely changing the patient experience. SRHO’s relationship with their Members and Health Systems will allow us to scale quickly to more providers. This scale will result in faster adoption of our no-cost benefit for patients, employees, employers and individuals providing savings, payment flexibility, billing advocacy, and convenience for health-related expenses in the communities we serve.”

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About SRHO – The National Association:

SRHO (www.SRHO.org), representing over 400 Hospitals and Health Care Systems, was created to assist regional SRHOs in the advancement of their common interests, to develop regional or national markets to create the scale required to achieve next-level strategic cost reductions, and to design the fundamental building blocks to manage risk and improve quality of care all while sustaining their organizational autonomy.

Founded in Bethlehem, Pennsylvania in 2016, AblePay Health (www.ablepayhealth.com) offers a simple solution to the problem of increasing costs of healthcare in the United States. AblePay Health assists healthcare providers to reduce their reimbursement expenses and increase receivable times while sharing a portion of these savings with healthcare consumers. In turn, AblePay works with employers, health insurance brokers, and individuals by offering a no-cost benefit that provides savings, flexible payment terms, and convenience with a high level of support for its members. The business model works to the benefit of both providers and healthcare consumers, strengthening the relationship between both and benefitting the community as a whole.