The startup offers a financial services platform tailored for clinics and hospitals, focusing on the management of receivables, banking, and financing for medical procedures. This platform enhances cash flow, mitigates fraud risks, and decreases the incidence of unpaid bills for healthcare providers and patients.
Funding
$3.6M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Clinics and hospitals face challenges in managing their finances, including delayed payments, high rates of unpaid bills, and the risk of fraud, which can negatively impact their cash flow and operational efficiency. Patients may also experience financial constraints, limiting their access to necessary medical procedures.
Solution
TEPMED provides a financial services platform designed to streamline receivables management, banking, and financing processes for healthcare providers and their patients. The platform offers solutions for early disbursement of receivables, including those from insurance reimbursements, and facilitates patient financing through private label credit cards and payment plans. By automating payment processes and offering flexible payment options, TEPMED aims to improve cash flow for clinics and hospitals while increasing patient access to medical care. The platform also incorporates security measures to mitigate fraud and ensure compliance with healthcare regulations.
Target Audience
The primary target audience includes clinics, hospitals, and healthcare providers seeking to optimize their financial operations, as well as patients looking for flexible payment options for medical treatments.
Features
- Early disbursement of receivables from accredited procedures and reimbursements
- Private label credit card solutions to increase revenue and customer loyalty
- Payment solutions with split capabilities for organized distribution of receivables among staff
- Digital collection methods, including Pix, Boleto, credit, and debit card options
- Recurring subscription billing
- Personalized support team
- Fraud prevention measures and compliance with healthcare regulations