HPS/PayMedix released a new longitudinal analysis demonstrating that employer groups using its medical payments and interest-free financing platform are outperforming national benchmarks across cost, access, and utilization metrics.
The analysis compares PayMedix employer groups to the 2025 Milliman Medical Index and highlights significantly lower medical cost trends, increased use of lower-cost care settings, and more equitable healthcare utilization across credit profiles. The findings reflect the platform’s impact on reducing financial barriers to care while improving outcomes for employers, providers, and employees.
According to the data, PayMedix employer groups recorded a one-year annualized medical trend of 4.5 percent, compared to the national benchmark of 8.8 percent, representing a relative reduction of approximately 49 percent. This suggests that employers leveraging the platform are able to contain healthcare costs while maintaining quality and expanding access.
The analysis also found that PayMedix members are more likely to seek care in professional and non-hospital settings, with 48 percent of care occurring in these lower-cost environments compared to 35 percent in the national benchmark. At the same time, inpatient and outpatient hospital utilization was lower than national averages, indicating a shift toward earlier and more preventive care.
In addition, healthcare utilization remained consistent across household credit scores, with similar levels of care usage regardless of financial profile. Nearly 25 percent of PayMedix members would not qualify for traditional credit, yet the platform’s model of eliminating upfront costs and offering interest-free payment plans enables broader and more equitable access to care.
The study also identified a behavioral shift in how members access care over time. While first-year users tend to concentrate healthcare spending later in the year, by year five spending becomes evenly distributed across quarters, suggesting that members are less likely to delay care and more likely to seek treatment when needed.
PayMedix’s platform consolidates healthcare payments and information into a single system, providing guaranteed payments to providers while offering consumers simplified billing and interest-free financing. The company has processed more than $7 billion in medical payments and reports high retention and satisfaction rates across providers, employers, and members.
KEY QUOTES:
“In an environment where many employers are seeing medical trend around 9 percent, the fact that our clients are coming in at 4.5 percent is a meaningful and growing advantage. The data continues to align with our thesis that encouraging early and consistent care by removing financial barriers leads to healthier, more engaged consumers and lower costs for employers.”
Tom Policelli, CEO, HPS/PayMedix
“Across all of these measures, the pattern is consistent: lower trend for employers, better access and fewer financial barriers for employees, and guaranteed, complete payments for providers. That alignment is why we’re seeing strong satisfaction and retention across our member, employer, and provider base.”
Brian Marsella, President, PayMedix
