About Health Payment Systems
Health Payment Systems is a company based in Milwaukee (United States) founded in 2005.. Health Payment Systems has raised $27 million across 3 funding rounds from investors including Hexagon, SVB and SV Health Investors. Health Payment Systems offers products and services including PayMedix, SuperEOB, and Provider Network. Health Payment Systems operates in a competitive market with competitors including Doxo, BillGO, Gerald, Anagram and Papaya, among others.
- Headquarter Milwaukee, United States
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Sectors
HealthcareFinancial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Health Payment Systems, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$27 M (USD)
in 3 rounds
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Latest Funding Round
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Investors
Hexagon
& 3 more
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Employee Count
Employee Count
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Products & Services of Health Payment Systems
Health Payment Systems offers a comprehensive portfolio of products and services, including PayMedix, SuperEOB, and Provider Network. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Guarantees payments to providers and credits to patients for healthcare expenses.
Consolidates healthcare bills into a simple, understandable monthly statement.
Connects users with extensive healthcare providers for cost-effective services.
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Funding Insights of Health Payment Systems
Health Payment Systems has successfully raised a total of $27M across 3 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Last Round
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First Round
First Round
(02 May 2018)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2023 | Amount | Debt – Conventional - Health Payment Systems | Valuation |
investors |
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| Jan, 2023 | Amount | Series A - Health Payment Systems | Valuation | SVB | |
| May, 2018 | Amount | Seed - Health Payment Systems | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Health Payment Systems
Health Payment Systems has secured backing from 4 investors, including institutional and venture fund investors. Prominent investors backing the company include Hexagon, SVB and SV Health Investors. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital fund focused on early-stage healthcare startups
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Founded Year | Domain | Location | |
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Capital solutions are provided for middle market companies by Caltius.
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Founded Year | Domain | Location | |
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Banking services are provided to innovative companies, investors, and individuals.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Health Payment Systems
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Health Payment Systems
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Health Payment Systems Comparisons
Competitors of Health Payment Systems
Health Payment Systems operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Doxo, BillGO, Gerald, Anagram and Papaya, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Bill payments are managed via a mobile app for users.
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| domain | founded_year | HQ Location |
Bill payment processing solutions are provided for businesses and consumers.
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| domain | founded_year | HQ Location |
Consumer bills are managed and paid via a cloud-based platform.
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| domain | founded_year | HQ Location |
Anagram is focused on vision insurance billing solutions.
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| domain | founded_year | HQ Location |
Papaya is focused on simplifying billing and payment processes.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Health Payment Systems
Frequently Asked Questions about Health Payment Systems
When was Health Payment Systems founded?
Health Payment Systems was founded in 2005 and raised its 1st funding round 13 years after it was founded.
Where is Health Payment Systems located?
Health Payment Systems is headquartered in Milwaukee, United States. It is registered at Milwaukee, Wisconsin, United States.
Is Health Payment Systems a funded company?
Health Payment Systems is a funded company, having raised a total of $27M across 3 funding rounds to date. The company's 1st funding round was a Seed of $2M, raised on May 02, 2018.
What does Health Payment Systems do?
Health Payment Systems was founded in 2005 in Milwaukee, United States, within the healthcare sector. An integrated solution for statements and payments in healthcare billing is offered. Claims and payment data are consolidated and exchanged among stakeholders using patented SuperEOB technology and advanced electronic data interchange. Consumers receive a single monthly statement and payment option. Operations focus on streamlining information transmission for efficiency.
Who are the top competitors of Health Payment Systems?
What products or services does Health Payment Systems offer?
Health Payment Systems offers PayMedix, SuperEOB, and Provider Network.
Who are Health Payment Systems's investors?
Health Payment Systems has 4 investors. Key investors include Hexagon, SVB, SV Health Investors, and Caltius Capital Management.
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