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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 operates in FinTech and is based in Milwaukee, Wisconsin. Its latest recorded funding round was a Growth Equity round in January 2026.

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, Digital Payments, Patient Engagement

Business Model

B2B2C

Customer Profile

Payment Processing Fee, Subscription SaaS

AI Layer

Non-AI

Historical Pricing

Historical view of private secondary pricing and transaction trends.

Pricing history

Caplight clients see full MarketPrice™ history and secondary transactions.

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Caplight Momentum Score

Proprietary index based on bid/ask volume and sentiment.

Momentum history

Caplight clients track how buyer interest and sentiment change over time.

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Health Payment Systems Comparables

Compare Health Payment Systems with similar companies based on industry and business-model similarity.

Health Payment Systems comparables — related companies by embedding similarity
CompanySimilarityMarket Cap
PatientPay
77%
CarePayment
77%
PayZen
77%
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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
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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

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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 Venture PartnersGrowth Equity
HLM Investment PartnersGrowth Equity
Escalate Capital PartnersGrowth Equity

Market signals

Structured signals derived from secondary market and firmographic data.

  • Aug 20, 2026

    Monthly visitors grew 53% MoM.

  • Jan 13, 2026

    $16M round led by HLM Investment Partners.

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Recent news

Latest coverage and updates

  • has_issues_withAug 11, 2026

    Health Payment Systems, Inc. has issues with data breaches, as both Sunshine Health and Health Payment Systems report breaches on Aug 11th '26.

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Health Payment Systems Filings

Explore SEC and related filing metadata, where available.

Health Payment Systems filings preview — column headings only; records require access
TypeDateAmount OfferedAmount SoldFilingPagesDownload

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Frequently Asked Questions

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

Is Health Payment Systems a public or private company?

Health Payment Systems is a private company.

What is the current stock price of Health Payment Systems?

Health Payment Systems is a private company, so its shares have no public market price. Caplight tracks Health Payment Systems's secondary market activity and provides MarketPrice™ estimates of its share price to Caplight users.

How much is Health Payment Systems worth (valuation)?

Valuation information for Health Payment Systems is not publicly available.

Can I buy Health Payment Systems stock?

Health Payment Systems shares may be available on secondary markets subject to transfer restrictions. Caplight facilitates secondary market transactions for accredited investors.

When was Health Payment Systems's last funding round?

Health Payment Systems's most recent funding round was Growth Equity on January 13, 2026.

Who are the main investors in Health Payment Systems?

Key investors in Health Payment Systems include SV Health Investors, Pinegrove Venture Partners, HLM Investment Partners.

Will Health Payment Systems IPO soon?

No public IPO plans have been announced for Health Payment Systems.

How can I track Health Payment Systems secondary market activity?

Caplight tracks bids, offers, and trades in Health Payment Systems's shares on secondary markets.

Firmographic Details

HeadquartersMilwaukee, Wisconsin
Employee Range55
Year Founded2005
Last FundingJan 13, 2026

Institutional Data Access

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