Health Payment Systems, Inc. (HPS)/PayMedix

About Health Payment Systems, Inc. (HPS)/PayMedix

Health Payment Systems (HPS) aims to simplify healthcare billing and improve the healthcare experience for patients by offering innovative payment solutions and a broad provider network. Their mission is to make healthcare less confusing and more cost-effective for all, providing guaranteed payments to providers, credit to patients, and significant cost savings.

Products & Services

PayMedix:An innovative payment platform that guarantees payment to providers, offers credit to patients regardless of credit history, and simplifies billing for all parties.

SuperEOB®:A consolidated monthly statement that simplifies healthcare billing by combining bills from multiple in-network providers into one easy-to-understand statement with easy payment options.

HPS Independent Provider Network:A network covering two-thirds of Wisconsin counties with over 100 hospital facilities and 29,200+ individual providers, focused on negotiating better rates and cost-saving opportunities.

Specialties

Healthcare Billing Solutions Payment Platforms Provider Network Management Cost-Saving Healthcare Solutions

Funding History

Debug: View Raw Funding Data

#	Type	Amount Fields	Date Fields	Investors
1	RT: Mix of debt and equity T: - FT: Mix of debt and equity	A: 25000000 MR: - FA: $25 million FAN: 25000000	D: 2023-01-25 FD: 2023-01-25	4 investors

Mix of debt and equity Latest

2023-01-25

$25.0M

4 investors (Pro only)

Growth Metrics

+45%

Employee Growth

YoY

3.2x

Funding Growth

Last Round

12

Markets

Operating

10K+

Customers

Active

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Team & Leadership

T

Tom Policelli

CEO

K

Karen Webster

M

Mike Repka

CEO

B

Brian Marsella

President

B

Bob Chin

Chief Information Officer

E

Eric Motter

Chief Product and Innovation Officer

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