About PayMedix
PayMedix is a company based in Milwaukee (United States) founded in 2021. 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. PayMedix offers products and services including Single Payment System, SuperEOB, and myPayMedix. PayMedix operates in a competitive market with competitors including ABILITY, TriZetto, Connecture, Leapstack and 4L Data Intelligence, among others.
- Headquarter Milwaukee, United States
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Sectors
Financial Services
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Phone
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Website
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Social
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Annual Revenue
Not available
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Net Profit
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EBITDA
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Total Equity Funding
$58 M (USD)
in 3 rounds
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Latest Funding Round
Not available
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Investors
SVB Capital
& 3 more
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Employee Count
Not available
- Investments & Acquisitions
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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.
People of PayMedix
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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.
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.
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Capital solutions are provided for middle market companies by Caltius.
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Investor details for PayMedix
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Investments & Acquisitions by PayMedix
PayMedix has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include TempoPay.
Investment portfolio details for PayMedix
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- Portfolio identities
- Transaction dates
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Prepaid cards for consumer healthcare payments are provided by TempoPay.
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Complete acquisition details for PayMedix
Transaction dates, acquired stakes, disclosed values, domains, and locations require an active premium plan.
- Transaction dates
- Acquired stakes
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- Domains and locations
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Financial Statements - PayMedix
Detailed financials for PayMedix
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- Historical revenue
- Profit trends
- Statement rows
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Paymedix Comparisons
Peer comparison for PayMedix
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Competitors of PayMedix
PayMedix 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 ABILITY, TriZetto, Connecture, Leapstack and 4L Data Intelligence, among others.
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Insurance claims and revenue cycle management solutions insurance industry and healthcare provider
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Software solutions for healthcare payers and providers are offered.
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Web-based solutions for health insurance sales and automation are delivered.
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AI and big data-based risk & claim management solutions for the health insurance industry
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AI-enabled solutions for healthcare insurance integrity are provided.
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Detailed competitors of PayMedix
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Latest news on Paymedix
Complete news archive for PayMedix
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- Source and publication date
- Older coverage
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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.
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, 4L Data Intelligence and TriZetto.
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.