PYMNTS.com August 6, 2024
HPS/PayMedix acquired healthcare financing platform TempoPay.
The acquisition aims to offer a healthcare financing and payments solution that addresses health equity, affordability and the need for a simpler healthcare payments experience, according to a Tuesday (Aug. 6) press release.
TempoPay gives employees access to interest-free financing for health and well-being treatments that overlays their current plans, the release said. The financing can be used to pay for prescriptions; medical, vision and dental bills; and veterinary care. Employees can repay over time.
Through the acquisition, employees can get uncapped financing for approved in-network charges, the release said. Workers are automatically enrolled, and HPS/PayMedix pays participating providers for their services. Employees then receive a consolidated statement each month and can set up...
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