Healthcare IT Today January 31, 2023
Credit funds managed by SVB Capital lead new funding round to finance growth of PayMedix Healthcare Payment Solution
Health Payment Systems, Inc. (HPS)/PayMedix today announced it has raised another $25 million of funding to accelerate the growth of its groundbreaking PayMedix healthcare financing solution. Credit funds managed by SVB Capital, the venture capital and credit investing arm of SVB, led the financing, and were also joined by all current HPS|PayMedix investors including SV Health Investors, Hexagon Inc., and Caltius Equity.
PayMedix increases health equity for all consumers by guaranteeing full and prompt payments of all in-network allowed charges for participating healthcare providers. All consumers can schedule needed services, and their providers all know that full payment is guaranteed. All...
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