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Health Payment Systems

Health Payment Systems

Private
Milwaukee, WisconsinHealthcare & Life Scienceshttps://hps.md/

Last Round

Growth Equity

Jan 13, 2026

Total Funding Raised

$41M

Momentum

Top 50%

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

Healthcare & Life Sciences

Verticals

Revenue Cycle, 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 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%

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 Venture 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

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Health Payment Systems filings preview — column headings only; records require access
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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 with no public stock price. No recent secondary market data is available.

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. Visit https://www.caplight.com to learn more.

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 Capital 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 for private companies. Visit https://www.caplight.com to monitor Health Payment Systems's secondary market activity and sign up for updates.

Firmographic Details

HeadquartersMilwaukee, Wisconsin
Employee Range57
Year Founded2005
Last FundingJan 13, 2026

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