Milwaukee-based
HPS/PayMedix announced that it has acquired
TempoPay, a health care payments solution created at New York-based
Redesign Health that helps employees access medical, dental, pharmacy, and other expenses not paid by their insurance.
Health Payment Systems (HPS) is a health care technology and services organization. PayMedix, began as the financing arm of HPS over a decade ago
Together, HPS/PayMedix and TempoPay now offer a health care financing and payments solution.
“Health care costs are increasingly becoming a disproportionate share of the American household wallet, and we need better solutions to manage the stress this puts on family budgets,” said
Tom Policelli, CEO of HPS/PayMedix. “The acquisition of TempoPay underscores our mission to simplify health care and create greater health equity by removing the financial barriers that stand in the way of employees getting access to the care they need when they need it; not just when they feel that they can afford it.”
“TempoPay is the lifeline employees need today so they can access care and maintain their health without fearing high interest bills or avoiding needed care,” said
Erika Davison-Aviles, CEO and co-founder of TempoPay. “We are excited to become a part of HPS/PayMedix’s innovative healthcare payment solution and further our mission to alleviate consumers’ financial pressure. For employers we help maximize the value of their benefits plans, pre-tax accounts, and other well-being programs.”
