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Health Payment Systems

Health Payment Systems

Private
Milwaukee, WisconsinFinTechhttps://hps.md/

Last Round

Growth Equity

Jan 13, 2026

Total Funding Raised

$41M

Momentum

Top 25%

of companies Caplight tracks

Company Overview

Health Payment Systems is a fintech and healthtech company that provides healthcare payment solutions, including a platform that consolidates medical bills, guarantees payments to providers, and extends credit to patients.

Sector

FinTech

Verticals

Revenue Cycle, Lending & Credit, Digital Payments, Patient Engagement

Business Model

B2B2C

Customer Profile

Payment Processing Fee, Subscription SaaS

AI Layer

Non-AI

Keywords

healthcare payment platformguaranteed provider paymentsmedical bill consolidationhealthcare fintechrevenue cycle managementpatient financingSuperEOBprovider bad debt eliminationconsolidated EOBpatient billingB2B2C healthcareself-funded employersprovider network

Historical Pricing

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Caplight Momentum Score

Proprietary index based on bid/ask volume and sentiment.

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Health Payment Systems Comps

Public and private peers based on sector, stage, and business model.

Health Payment Systems comps — public and private peers by sector, stage, and business model
CompanyStatusEst. ValuationRev Multiple
OpenAIPrivate$86.0B~40x
CoherePrivate$5.0B--
Competitor 1Public$XX.XBXXx
Competitor 2Public$XX.XBXXx

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Health Payment Systems Funding Rounds

Historical fundraising activity

Data table
RoundDateAmount RaisedValuationInvestorsSources
Growth EquityJan 13, 2026
Growth EquityJan 25, 2023
Growth EquityFeb 3, 2021

Key People

Founding team and executive leadership

Jay Fulkerson

President CEO

Executive Team

Tom Policelli

Chief Executive Officer

Executive Team

Augusto Ruiz-Eldredge

Chief Operating Officer

Executive Team

Health Payment Systems Investors

Notable investors and investment history

Health Payment Systems investors
InvestorRounds
SV Health InvestorsGrowth Equity
Hexagon, Inc.Growth Equity
Caltius Equity PartnersGrowth Equity
Pinegrove Capital PartnersGrowth Equity
HLM Investment PartnersGrowth Equity
Escalate Capital PartnersGrowth Equity

Market signals

Structured signals derived from secondary market and firmographic data.

  • Jan 13, 2026

    $16M round led by HLM Investment Partners.

  • Jan 6, 2026

    Monthly visitors increased 41% MoM, reaching 8.1K.

Health Payment Systems Filings

SEC and related filings with document metadata.

Data table
TypedDateAmount OfferedAmount SoldFillingPagesDownload
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Health Payment Systems Filings

SEC and related filings with document metadata.

Frequently Asked Questions

Common questions about Health Payment Systems's valuation, stock price, and market status.

Firmographic Details

HeadquartersMilwaukee, Wisconsin
Employee Range77
Year Founded2005
Last FundingJan 13, 2026

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