Milwaukee, WI | August 30, 2023, 08:00 AM Eastern Daylight Time
Health Payment Systems, Inc. (HPS)/PayMedix announced today the appointment of Al Martino to its Advisory Board. Martino joins as the company continues to build momentum around the national expansion of PayMedix, which is dedicated to solving the problem of high out-of-pocket costs for all by guaranteeing upfront payments to all in-network providers and little to no interest credit for all patients regardless of their individual credit histories.
Martino brings over 30 years of healthcare experience to HPS/PayMedix and has occupied senior leadership and executive positions across the insurance and pharmacy benefits management industries. Prior to serving on the advisory board for HPS/PayMedix, Martino served as Senior Vice President at OptumRx where he was responsible for actuarial, pricing, and underwriting operations across all market segments on a national basis. In addition, he served as Senior Vice President of UnitedHealthcare overseeing their National Accounts, Public Sector, Private Exchange, and Student Resources businesses. He’s also held various leadership roles with Cigna Health. In his role as an advisory board member, he will advise on new product development, pricing, and provide insight related to key business development initiatives.
“Al’s expertise in the healthcare industry will be invaluable as we continue the national expansion of PayMedix,” said Tom Policelli, CEO of HPS/PayMedix. “His keen understanding of the complex nature of underwriting and pricing across both the insurance and pharmaceutical industries will be instrumental as we continue our work to simplify our broken healthcare payments system. His leadership and industry insight will be key as the PayMedix brand continues to grow.”
“PayMedix is solving the problem of cost and complexity as it relates to healthcare billing with true intention,” Martino says. “Now more than ever the industry is looking for solutions that work and work for everyone. PayMedix is doing just that and I’m excited to be a part of that process.”
PayMedix, which began as the financing arm of Wisconsin-based HPS over a decade ago, is the only company solving the problem of high out-of-pocket costs for everyone: providers, patients, employers and TPAs. By guaranteeing payments to providers and credit for all patients, PayMedix is changing the way people access, use, and pay for healthcare. PayMedix has processed more than $5 billion in medical payments for hospital systems and physician practices and can be implemented in conjunction with any PPO or HMO network.
Health Payment Systems (HPS) is a privately held healthcare technology and services organization with solutions that reduce the cost and complexity of the healthcare payments process to benefit providers, employers, patients and TPAs. Headquartered in Milwaukee, Wisconsin, HPS has an independent network of 96 hospital facilities and 27,000 individual providers.