Tech Company Financing Transactions
Health Payment Systems Funding Round
On 1/26/2023, Health Payment Systems received $25 million in funding from SVB Capital, Caltius Equity Partners and Hexagon.
Transaction Overview
Company Name
Announced On
1/26/2023
Transaction Type
Venture Equity
Amount
$25,000,000
Round
Undisclosed
Investors
Proceeds Purpose
The company intends to use the funds to further develop its payment platform, increase staffing, and support geographic expansion.
Company Information
Company Status
Private & Independent
Industry
Healthcare IT
Mailing Address
Post Office Box 1450
Milwaukee, WI 53201-1450
USA
Milwaukee, WI 53201-1450
USA
Phone
Undisclosed
Website
Email Address
Overview
At HPS, we know healthcare is broken. We also know it can't be fixed by one company, but our goal is to reduce the cost of healthcare administration while maintaining the highest level of provider and patient satisfaction in the industry. We do this through a better healthcare payment and reimbursement system. That's why we serve so many stakeholders: employers, individuals, brokers, TPAs, and providers. Our solutions offer unique benefits to each, in the hope that together we can make healthcare less confusing and more cost-effective for all.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Thomas Policelli
Chief Financial Officer
Andrew Schatz
President
Brian Marseille
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