HPS/PayMedix has secured $33 million in equity and debt financing to enhance its healthcare financing and payment solutions platform, driven by rising demand for affordable access to healthcare.

Target Information

HPS/PayMedix is a prominent provider of healthcare financing and payment solutions, specializing in simplifying the payment experience for all stakeholders involved in healthcare. The company has developed the innovative PayMedix platform, which facilitates guaranteed payments to providers and offers interest-free financing options for consumers. Since its inception, PayMedix has successfully processed over $7 billion in medical payments, leading to significant enhancements in how individuals access and pay for healthcare services.

In 2024, PayMedix expanded its service offerings by acquiring TempoPay, further enhancing its financing solutions to cover additional healthcare expenses, including pharmacy, dental, and vision services. The company boasts a remarkable track record, with high retention rates among providers (100%) and employers (over 93%), as well as impressive consumer satisfaction ratings exceeding 91%.

Industry Overview in the United States

The healthcare industry in the United States is experiencing transformative changes, primarily driven by the urgent need for affordable access to medical services amid rising costs. As employers, providers, and payors increasingly seek alternative fina