Medipass Solutions Pty Ltd

Based in Australia, Medipass Solutions Pty Ltd provides integrated healthcare payment solutions designed to streamline transactions for healthcare providers, enhancing efficiency in payment processing across the sector. Medipass Solutions Pty Ltd offers digital payment solutions for the healthcare industry, founded in 2016 in Melbourne, Australia. The company was acquired by Tyro Payments Limited for USD 22. 5 mn in May 2021, bolstering its capabilities in healthcare payment processing.

The founder, Sarel Gilshon, has contributed to the company's strategic direction and innovation, alongside CEO Jonathan Davey. Medipass has successfully completed 2 deals since its inception, with a total amount raised of USD 3. 70 mn. Medipass Solutions focuses on integrated healthcare payment solutions specifically for the Australian market.

Its core offerings include payment processing tools such as EFTPOS terminals, online payment solutions, and the Tyro Health Online platform. These tools facilitate efficient claiming and payment processes for healthcare services, allowing practitioners to process Medicare, DVA, and private health insurance claims digitally, benefiting a wide range of clients from solo practitioners to large clinics. Medipass generates revenue through transaction processing fees linked to its payment solutions. The revenue model is structured around healthcare providers utilizing Medipass' EFTPOS terminals and online platform for processing patient payments and insurance claims, significantly enhancing billing efficiency through features like Medicare Easyclaim.

Following its acquisition by Tyro Payments Limited on May 10, 2021, for USD 22. 5 mn, Medipass Solutions aims to integrate its claim and payment solutions across all healthcare practitioners in Australia. The acquisition will support future product development and expansion into new markets, with plans to leverage Tyro's existing infrastructure to enhance service offerings across the healthcare sector.