![]() ![]() Health Payment Systems (HPS) is a privately-held healthcare technology and services organization offering solutions to enhance the consumer healthcare billing and payments experience, while driving value to healthcare providers, health insurance companies and employers. HPS will be able to greatly leverage SV's leading healthcare experience, vast industry and operational network, and proven, long-term investment performance." SV is a great partner for HPS as they too, like Caltius Equity, are focused on helping companies grow faster to reach their full potential. Jeffrey Holdsberg, Managing Director of Caltius Equity and board member of HPS said, "Terry and the HPS team have done a great job of building a highly-effective tool that streamlines the payment experience for both patients and providers. The company has built a strong solution that now can be delivered to more consumers, employers, and providers in its current and future markets," said Mr. ![]() "I have known Terry and HPS for several years, and have been impressed from the start. He began his career at CIGNA Healthcare, and while at Monitor Company consulted with several leading healthcare companies. Policelli also ran United Health Group's consumer-directed health business and founded a new business unit within the company. Prior to that, he was co-founder and CEO of Averde Health. Policelli was a co-founder and CEO of Minuteman Health, an HMO in Massachusetts and New Hampshire. He partners with Terry Rowinski, who will become the Company's President. Tom Policelli, SV Executive in Residence, has joined the HPS leadership team as CEO. SV's investment will support HPS' expansion in the Upper Midwest and beyond. ![]() We're thrilled to be part of HPS' growth story," said Elizabeth Schwert, Vice President at SV, who has also joined HPS' board. "SV believes HPS' innovative, data-based approach is positioned to transform the healthcare payment system. SV is proud to partner with an organization focused on delivering solutions to patients and their families." Tom Flynn, Managing Partner at SV who has joined HPS' board of directors, noted that "medical expenses and debt are a problem for employers, providers and most importantly, patients-particularly during the current pandemic. The Company's single-statement billing and patient financing services help families combat confusing and unaffordable medical bills, while its guaranteed payment model eliminates providers' collection costs and risk. Since its inception, HPS has helped self-funded employers in the Upper Midwest reduce the cost of healthcare, while maintaining high levels of provider and patient satisfaction. Hexagon, Inc., a private investment company and one of SV's limited partners, invested in HPS alongside SV. With this transaction, SV adds to its portfolio of growing healthcare technology investments. (HPS, the "Company"), an innovator in the healthcare payments space, today announced that SV Health Investors, LLC ("SV") acquired a majority stake and provided growth financing to the Company. 11, 2021 /PRNewswire/ - Health Payment Systems, Inc. ![]()
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