PayMedix/TempoPay, a provider of innovative healthcare payment solutions, has announced the appointment of David Kinsey as its new Vice President of Sales. The move comes as the company experiences rapid growth in its mission to offer interest-free financing for healthcare services to employees, regardless of credit history. Kinsey brings extensive experience in the healthcare and employee benefits industry, having previously served as Executive Director at Aetna, where he led the Healthcare Business Solutions team to achieve 60% growth over five years and earned the Chairman's Leadership Award. He also held a role as Senior Client Manager at Cigna Healthcare, receiving the Gold Circle award for top sales results.
Tom Policelli, CEO of PayMedix/TempoPay, expressed enthusiasm about the appointment, stating, 'As more health systems, employers, and benefits administrators across the country continue to look for ways to lower costs and provide affordable access to healthcare for employees, we're seeing increased interest in our flexible financing and payments solutions.' Policelli highlighted Kinsey's knowledge of healthcare sales and the employee benefits industry as key assets that will help expand the company's reach and ability to serve providers and employers seeking alternative healthcare payment solutions.
Kinsey's primary focus will be on driving growth and building strategic relationships across the healthcare sector, with a particular emphasis on the Southeast region. He described the PayMedix/TempoPay solution as a 'game-changer' in addressing high out-of-pocket healthcare costs. 'I look forward to working with the team to expand our reach and bring employers a financial safety net for their employees that ultimately improves retention and reduces absenteeism,' Kinsey said.
Brian Marsella, President of PayMedix/TempoPay, voiced confidence in Kinsey's ability to demonstrate the value of their solution to employers, PEOs, health plans, and network builders. Marsella emphasized the importance of ensuring individuals have access to financial resources for healthcare when needed, rather than when they believe they can afford it. This approach aims to break the cycle of care avoidance, which has historically led to sicker patients entering the healthcare system, worse outcomes, and increased costs.
PayMedix, which originated as the financing arm of Wisconsin-based HPS over a decade ago, has processed more than $5 billion in medical payments for hospital systems and physician practices. The company's solution can be implemented in conjunction with any PPO or HMO network, offering a comprehensive approach to solving the problem of high out-of-pocket costs for all stakeholders. TempoPay, a partner company, focuses on helping employers provide interest-free financing and flexible repayment options for medical costs through the TempoPay Visa® card, promoting happier and healthier lives.
This appointment reflects the increasing demand for innovative solutions to healthcare affordability and accessibility. As healthcare costs continue to rise, PayMedix/TempoPay's approach to providing financial flexibility could have significant implications for the broader healthcare industry and employee benefits landscape. For HR vendors, the expansion of such solutions represents a growing market opportunity to integrate financing options into benefits packages, potentially improving employee retention and reducing absenteeism.
