Holliston, Massachusetts – CoFi, Inc., the leading provider of an innovative multi-party payment solution, has reached a significant milestone with over 7,500 eye care providers now active on the CoFi platform. CoFi has been growing rapidly and is currently onboarding approximately 400 providers monthly.

CoFi is solving a significant problem for eye care providers and patients alike. Traditionally, when a patient undergoes elective surgery they have to pay several providers at different points in time, such the surgeon, the ambulatory surgery center (ASCs), and a co-managing provider. Sometimes when surgeons try to simplify the process, they risk compliance issues by collecting for and remitting payment to their surgical partners. With CoFi, patients have the convenience of one easy payment event through which each party separately charges the patient and collects directly from the patient.

“CoFi is a great product that’s made our lives a lot easier,” said Kathy Erickson, CEO of Wilmington Eye. “CoFi makes the payment process so much simpler for patients, and we’ve reduced the burn on my staff related to both explaining costs to patients and collecting payments.”

The continued and increasing adoption of CoFi by eye care providers is due, in part, to the evolution of the platform to include innovations such as multi-provider patient financing, multi-provider price lists, and enterprise reporting for large enterprises.

“CoFi set out to provide an innovative payment solution that simplifies pain points for eye care providers and surgery centers, and their patients,” said Sean Hanlon, CoFi’s Founder and CEO. “I’m thrilled to see growing and rapid adoption of our platform, which I believe reflects the significant benefits we provide to our customers in an ongoing effort to improve the patient payment experience for premium procedures.”

About CoFi

Headquartered in MetroWest Boston, CoFi, Inc., provides an innovative, multi-party payment platform for elective medical procedures. Using CoFi, patients directly pay each provider involved in a procedure or healthcare service through a single, convenient payment event. Our software enables providers and surgical facilities to offer a premium payment experience to their premium patients. CoFi has seen growing market adoption in ophthalmology, where the platform delivers critical payment compliance and work-flow advantages to surgeons, co-managing optometrists, and ambulatory surgery centers for elective services and procedures.