Pay-Plus Solutions
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Pay-Plus Solutions - overview
Location
Clearwater, FL, US
Primary Industry
Healthcare IT
About
Pay-Plus Solutions is a company focused on delivering integrated financial solutions for the healthcare sector, streamlining processes for payers, providers, and members, enhancing efficiency in healthcare billing and reimbursement. Founded in Clearwater, US, Pay-Plus Solutions specializes in enhancing healthcare financial interactions. In January 2016, the company merged with Premier Healthcare Exchange, Stratose, and GlobalCare to create Zelis Healthcare Inc. Financial terms of the merger were not disclosed.
The merger enables a broader range of services to clients. Pay-Plus Solutions offers a suite of integrated solutions aimed at improving the healthcare financial experience, including intelligent claims management, payment optimization, network management, and member engagement tools. These services assist over 770 payers and various providers in navigating healthcare billing complexities, enhancing operational efficiency and financial outcomes through advanced tools like the ZAPP payment platform. Pay-Plus Solutions operates on a B2B model, generating revenue through subscription partnerships with healthcare providers and insurers.
Their revenue model is based on service fees for claims processing, payment integrity solutions, and member engagement platforms, tailored to client needs. Following the merger in January 2016, the strategy focuses on expanding service offerings within Zelis Healthcare Inc. There are plans to introduce new products designed to enhance financial operations for clients, though specific product launch dates have not been mentioned. Expansion efforts will target additional markets to increase their geographical footprint.
The recent merger will support these growth initiatives by broadening service capabilities and enhancing operational synergy.
Current Investors
Zelis Healthcare Inc.
Primary Industry
Healthcare IT
Sub Industries
Healthcare IT
Website
www.ppsonline.com
Verticals
FinTech
Company Stage
Merged
Total Amount Raised
Subscriber access only
Pay-Plus Solutions - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | MDX Medical, Inc. | - | ||||||||
| Merger | Completed | GlobalCare, Inc., Pay-Plus Solutions, Premier Healthcare Exchange, Inc., Stratose | - |
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