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PayMedix is a division of Wisconsin-based HPS. PayMedix is dedicated to solving the problem of high out-of-pocket costs for everyone: providers, patients, employers and TPAs. By guaranteeing payments to providers and offering understandable statements and flexible payments for all patients, PayMedix is changing the way people access, use, and pay for healthcare. PayMedix has processed more than $5 billion in medical payments for hospital systems and physician practices and can be implemented in conjunction with any PPO or HMO network.
Overview
Location
United States
Employees
11-50
Total raised
$33M
Founded date
2021
Funding Rounds 1
| Date | Series | Amount | Investors |
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Mentions in press and media 7
| Date | Title | Description |
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| Jan 13, 2026 | HPS/PayMedix Secures $33 Million Investment | MILWAUKEE, Jan. 13, 2026 /PRNewswire/ -- HPS/PayMedix, the leading healthcare financing and payments solutions provider, today announced it has closed $33 million in equity and debt financing to accelerate the growth of its groundbreaking P... |
| Jan 13, 2026 | HPS/PayMedix Secures $33M to Scale Guaranteed Healthcare Payments | What You Should Know – HPS/PayMedix secures $33M in combined equity and debt financing to accelerate the growth of its healthcare financing and payments platform. – Led by HLM Investment Partners, the funding will be used to expand the PayM... |
| Apr 30, 2025 | TempoPay Launches Rx Financing Solution to Combat Prescription Non-Adherence Due to Cost | What You Should Know: – TempoPay, a subsidiary of healthcare financing provider PayMedix announced the launch of TempoPay Rx, a new financing solution specifically designed to help individuals afford prescription medications and address the... |
| Aug 6, 2024 | HPS/PayMedix Acquires TempoPay to Simply Healthcare Payments | What You Should Know: – HPS/PayMedix, a leading provider of healthcare financing solutions, announced the acquisition of TempoPay, an innovative payments platform designed to help employees manage healthcare costs. Financial details of the ... |
| Jan 26, 2023 | HPS/PayMedix to Expand $25M for Healthcare Financing Solution | What You Should Know: |
| HPS / PayMedix | “PayMedix is a technology platform that simplifies America’s complex, inefficient and costly healthcare billing and payments process.” |
Reviews 0
FAQ about PayMedix
When was PayMedix founded?
PayMedix was founded in 2021.
How much funding has PayMedix raised?
PayMedix has raised $33M in total across 1 funding round.
What has the press written about PayMedix?
Parsers VC has collected 7 articles mentioning PayMedix, among them “HPS/PayMedix Secures $33 Million Investment” (Jan 13, 2026) and “HPS/PayMedix Secures $33M to Scale Guaranteed Healthcare Payments” (Jan 13, 2026).
Is PayMedix still active?
Yes, PayMedix is active; its latest activity on Parsers VC dates from Jan 13, 2026.