An Innovative Way to Capture Big Savings on Medical Expenses
NewPayHealth enables you and your employees to:
- Recover tax savings on past medical bills
- Maximize future healthcare savings
- Optimize participation in health plans
What is NewPayHealth?
NewPayHealth is a revolutionary platform that helps companies and their employees save money on medical expenses. By uniquely leveraging Health Savings Accounts (HSAs) and High Deductible Health Plans (HDHPs), NewPayHealth allows companies to unlock new revenue while increasing employee compensation — at no cost and no risk.
A company with 800 employees could recover
$
0
in the first year with NewPayHealth.
We can help you estimate your potential savings in just a few clicks.
Significant tax benefits for your employees
Initial average cash reimbursement of over $1,200 per eligible employee in the 1st year
Reliable, effortless new company revenue
Average initial tax refund of over $300 per eligible employee in the 1st year
Increased employee comp without increased costs
Better attract & retain talent, boost employee satisfaction
Increased employee HSA participation & savings
Improve benefit utilization while lowering healthcare costs for your employees
NewPayHealth's
Patent-Pending
AI-Based Approach
1. Identify
We scan your payroll & benefits data to identify employees with HSAs and HDHPs
2. Verify
Our AI platform analyzes employees’ past medical bills to verify their eligibility for tax deductions & reimbursements — up to 10 years retroactively
3. Recover Savings
We seamlessly and securely handle all required financial transactions to pay your employees and your company treasury directly
- Integrations with 88% of payroll systems & nearly as many HR systems
- Seamless payroll implementation
- Simple employee onboarding
- Complete documentation for HR leaders
We're healthcare, finance & technology industry veterans.
NewPayHealth is powered by a team of seasoned professionals from across healthcare, finance, and technology.
Our senior leadership brings decades of combined experience at companies such as Google, Athenahealth, Ouro Global, Canopy (the first online HSA, acquired by Aetna), Mercury Bank, American Express, and Safeway Health.