About PayMedix
PayMedix is a Financial Services company based in Milwaukee (United States) founded in 2021. Healthcare payment processing systems are provided for the insurance sector. PayMedix has raised $58 million across 3 funding rounds from investors including SVB Capital, Hexagon and Caltius Capital Management. PayMedix has completed 1 acquisition, including TempoPay. Its website paymedix.com draws about 15 thousand monthly visits. PayMedix offers products and services including Single Payment System, SuperEOB, and myPayMedix. Its focus areas include FinTech, Insurance IT, Insurance Policy Solutions and Insurance Software Suite. Its competitors include ABILITY, TriZetto and Connecture; 3 of its 3 listed competitors have raised funding.
Company details
PayMedix was founded in 2021 and is headquartered in Milwaukee, United States. Operations focus on the healthcare industry, where payment processing systems are developed and maintained for insurance providers. Services include secure transaction handling, integration with medical billing platforms, and compliance with regulatory standards. The companys domain, paymedix.com, supports these digital solutions tailored to sector needs.
- Headquarters Milwaukee, United States
- SectorsFinancial Services
- Website paymedix.com
- Social LinkedIn X YouTube
- Total Equity Funding$58M (USD)
in 3 rounds
- InvestorsSVB Capital
& 3 more
- Investments & Acquisitions
Products & Services of PayMedix
PayMedix offers a comprehensive portfolio of products and services, including Single Payment System, SuperEOB, and myPayMedix.
Provides guaranteed payments and simplifies statements for healthcare transactions.
Enhances billing efficiency and reduces complications for patients and providers.
Helps users manage and understand their healthcare expenses effectively.
Apps and channels of PayMedix
its YouTube channel PayMedix has 11 subscribers and 12 videos.
Videos from PayMedix
The most watched videos on PayMedix's YouTube channel, PayMedix (11 subscribers). Click a video to play it here.
More on PayMedix.
Funding Insights of PayMedix
PayMedix has successfully raised a total of $58M 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 $58M
- Total Rounds 3
- First Round $25M
(Jan 2023)
- Investors Count 4
All 3 funding rounds of PayMedix with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan 2026 | $33M | Series C | – | HLM Investment Partners | – |
| Jan 2026 | Debt – Conventional | – | – | ||
| Jan 2023 | $25M | Series B | – | SVB Capital |
4 investors in total: 4 institutional.
Investors in PayMedix
PayMedix has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include SVB Capital, Hexagon and Caltius Capital Management.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
| svbcapital.com | ||||
| hexagoninc.com | ||||
Capital solutions are provided for middle market companies by Caltius. | 1997 | caltius.com | Los Angeles, USA | |
| hlminvestmentpartners.com |
Investor details for PayMedix
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of PayMedix
28 people are tracked at PayMedix (12 in leadership, 16 in team).
| Name | Role | Group |
|---|---|---|
Andy Schatz | Chief Financial Officer | Leadership |
Tom Policelli | Chief Executive Officer | Leadership |
Jim Higgins | Director Of Actuarial Services | Leadership |
Brian Marsella | President | Leadership |
James Meyers | Director Of Network Development | Leadership |
Paul Mueller | Vice President Of Business Development & Account Management | Leadership |
Marie Foley | VP Provider Relations & Actuarial Services | Leadership |
Bob Chin | Chief Information Officer | Leadership |
Katie Weiske | Director Of Finance | Leadership |
Eric Motter | Chief Product And Innovation Officer | Leadership |
Tina Snortum - Sergent | VP Partner Integration | Leadership |
Melissa Hartnell | Provider Contracting Director | Leadership |
Lula Atkins | Senior Refunds Specialist | Team |
Pamela Malone | Client Engagement Manager | Team |
Martina Spence | Provider Database Support | Team |
Lisa Friend | Senior Payment Posting Specialist | Team |
Richard Solabi | Senior Business Analyst | Team |
Janet Gonzalez | Senior Refund Specialist | Team |
Justin Mcconnell | Senior Accountant | Team |
Alexis Edwards | Provider Database Specialist | Team |
8 more people are available in the full profile.
Complete people profiles for PayMedix
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Investments & Acquisitions by PayMedix
PayMedix has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include TempoPay.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Prepaid cards for consumer healthcare payments are provided by TempoPay. | tempopay.com | New York, United States | 2022 | Aug 2024 | •••• |
Complete acquisition details for PayMedix
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
- Acquired stakes
- Deal sources
- Complete history
- Exports
Verified entity values are shown only after access is granted.
Timeline of PayMedix
4 dated milestones of PayMedix across 5 years, from founding to its latest funding, stage changes and deals.
- Founded PayMedix is founded.
- Funding First funding round of $25.0M.
- Acquisition Acquires TempoPay.
- Funding Latest funding round, Debt – Conventional,.
Competitors of PayMedix
PayMedix has 3 listed competitors in our database, 3 of them funded. They include ABILITY, TriZetto and Connecture.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| abilitynetwork.com | 2000 | Minneapolis, United States | $32.73M | 419 | Insurance claims and revenue cycle management solutions insurance industry and healthcare provider | |
| trizetto.com | 1997 | Greenwood Village, United States | $10.5M | Software solutions for healthcare payers and providers are offered. | ||
| connecture.com | 1997 | Brookfield, United States | $70.16M | 99 | Web-based solutions for health insurance sales and automation are delivered. |
Detailed competitors of PayMedix
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of PayMedix
The website of PayMedix (paymedix.com) receives about 14.9K visits a month.
- Monthly visits14.9K
▲ 62.4% vs previous month
Websites whose visitors overlap most with PayMedix. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| hps.md | 100% | 12K | #3,019,603 | View details |
Top companies in Insurance Technology & Support Services
3 companies that operate in the same segment as PayMedix (Insurance Technology & Support Services) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cloud-based platform for property and casualty insurance is provided. | 2001 | San Mateo, California, United States | USD 1.48 B | 226 | ||
Claims administration, loss adjusting, and benefits management services are provided. | 1969 | Memphis, Tennessee, United States | USD 2.63 M | |||
Online property and casualty insurance is provided for businesses. | 2017 | San Francisco, California, United States | USD 800 M | 699 |
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Related news about Paymedix
Complete news archive for PayMedix
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Frequently Asked Questions about PayMedix
PayMedix was founded in 2021 and raised its 1st funding round 2 years after it was founded.
PayMedix is headquartered in Milwaukee, United States. It is registered at Milwaukee, Wisconsin, United States.
PayMedix is a funded company, having raised a total of $58M across 3 funding rounds to date. The company's 1st funding round was a Series B of $25M, raised on Jan 2023.
PayMedix was founded in 2021 and is headquartered in Milwaukee, United States. Operations focus on the healthcare industry, where payment processing systems are developed and maintained for insurance providers. Services include secure transaction handling, integration with medical billing platforms, and compliance with regulatory standards. The companys domain, paymedix.com, supports these digital solutions tailored to sector needs.
PayMedix's top competitors include Connecture, TriZetto and ABILITY.
PayMedix offers Single Payment System, SuperEOB, and myPayMedix.
PayMedix has made 1 acquisition, including TempoPay.
PayMedix has 4 investors. Key investors include SVB Capital, Hexagon, Caltius Capital Management, and HLM Investment Partners.