Medical Payment Exchange, Inc. (MedX) was founded in 2013 to help providers relieve the cash flow pressures resulting from the delay in payer payments and the increase in patient responsibilities. Located in Rockville, Maryland, MedX has developed services that allow providers to review the status of medical claims on average 30 days in advance of the payer remittance files and payments. They offer daily actionable reports for billers to reduce the administrative burden of working claims and accelerate cash flow. In addition, MedX offers cash advances to hospitals on both the payer and patient’s responsibilities. They are currently advancing over $13 million a month to providers through relationships with hospitals, health systems, and medical groups.
The MedX team has a long history of developing successful technology-enabled companies that improve quality, increase productivity, and reduce costs in the administration of healthcare. Our people have extensive experience building organizations that provide value in untapped areas in the health insurance, health care delivery and information technology fields.