Health

What Health does

Health AG is the German branch of Austrian-listed banking group BAWAG Group AG (Vienna Stock Exchange), headquartered in Hamburg with a second operational site in Berlin and approximately 110-160 employees. The company provides modular financial services to German dental and medical practices, with its core product being Modulares Factoring — a bundled offering that purchases accounts receivable from practices (providing immediate advance payment regardless of actual patient payment), absorbs payment-default risk through a purchase guarantee, and outsources invoice administration including printing and dispatch. The company also operates Abrechnung (specialist billing services with deep expertise in GOZ/GOÄ and BEMA dental billing regulations) and positions its collaborative Co-Evolution methodology — involving over 600 dental practitioner partners in product development — as a structural differentiator.

Underpinning the factoring product is a digital platform comprising the Mein Patientenportal (a secure patient portal with SMS-verified registration), Digitale Rechnung (encrypted PDF digital invoice delivery), the Ratenzahlungsrechner (an unbinding installment payment calculator embeddable on practice websites), and Online-Anamnese (digital patient intake forms). The company serves more than 2,000 dental and medical practices across Germany, with primary customers being SMB dental practices and a secondary segment covering other medical specialties. Revenue is generated through transaction-fee-based factoring margins plus bundled billing and risk-protection fees, with pricing customised per practice and no public fee schedule disclosed. Distribution runs through a direct field-sales force of practice-experienced customer managers, supported by event sponsorships across major German dental associations, content marketing via GOZ regulatory news, and digital self-service channels for end patients.

Name

Health

Legal name

BAWAG AG Niederlassung Deutschland

Website

https://healthag.de

Company type

Private

Founded year

2005

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Product category

Healthcare Factoring Services

NAICS

Health and Welfare Funds (525120)

SIC

Services-Health Services (8000)

akta.pro primary industry

Patient Billing, Statements & Payment Processing (HLACACAG)

Keywords

• Dental factoring services
• Medical billing management
• Accounts receivable purchasing
• Healthcare financial services
• Practice liquidity solutions

Headquarters

HQ city

Hamburg

HQ country

Germany

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Modulares Factoring: Health AG purchases accounts receivable (patient receivables) from dental/medical practices, paying the practice upfront and assuming the credit risk. Revenue is generated from the difference between the face value of receivables and the amount ultimately collected, plus fees for risk protection and invoice management services.
2. Abrechnungsdienstleistungen (Billing Services): Administration and processing of dental/medical invoices, including printing and mailing, as part of the modular factoring package.
3. Risikoschutz (Risk Protection): Purchase guarantee protecting practices from payment defaults, offered as part of the modular factoring bundle.
4. Digital Invoice Services: Digital delivery of invoices via patient portal/encrypted email, reducing paper costs and improving collection efficiency.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

Health AG provides modular factoring services to dental and medical practices in Germany, purchasing their accounts receivable to provide immediate liquidity, transferring credit risk to Health AG through a purchase guarantee, and handling invoice management including printing, mailing, and digital delivery. The offering is enhanced by digital services such as an online patient anamnesis tool, a digital invoice delivery platform, and a non-binding installment payment calculator, all developed collaboratively with over 600 dental practice partners under a Co-Evolution approach.

Product overview

Health AG offers a modular financial services platform for dental and medical practices, comprising three core product pillars: Modulares Factoring (accounts receivable purchase and management), Abrechnung (billing/accounting services), and Co-Evolution (collaborative development approach). The platform is enhanced by digital services including Digitale Rechnung (digital invoice delivery via patient portal), Online-Anamnese (online patient intake forms), and Ratenzahlungsrechner (installment calculator). The company, founded in 2005 and part of BAWAG Group, serves over 2,000 dental practices with approximately 160 employees across Hamburg and Berlin locations.

Differentiator

Problem solved

Functional benefit

Brands

• Mein Patientenportal: Digital patient portal for managing invoices and payments
• Modulares Factoring
• Digitale Rechnung
• Co-Evolution

Products and services

• Modulares Factoring Modular factoring service that purchases accounts receivable from dental and medical practices, providing immediate advance payment regardless of actual payment receipt, risk protection against payment defaults through an Ankaufsgarantie (purchase guarantee), and invoice management including printing, mailing, and patient accounting administration.
• Abrechnung Billing and accounting services for dental and medical practices, supporting practice economic management with expertise in GOZ (Gebührenordnung für Zahnärzte), GOÄ (Gebührenordnung für Ärzte), and BEMA billing regulations. Includes administration of patient receivables.
• Digitale Rechnung Digital invoice delivery service allowing patients to receive invoices electronically via encrypted PDF email or the meinpatientenportal.de patient portal instead of paper mail, with SMS verification for patient registration.
• Online-Anamnese Online medical history questionnaire service for patients to complete anamnesis forms digitally before appointments, accessible through the patient portal.
• Ratenzahlungsrechner Non-binding installment payment calculator enabling patients to estimate payment plan options for dental treatments with terms up to 72 months without requiring a Schufa credit check, available on the Health AG website and embeddable on dental practice websites.

Quantifiable outcome

• 4.5 million sheets of paper saved through digitalization since founding in 2005
• +1 more outcomes

Named customers1 record

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Eleven partnerships are on record, tiered minor.

• CRIF GmbHminorOthersCredit information agency providing creditworthiness data and scoring for Health AG's risk assessment in factoring decisions. Operates in Germany with data sharing under GDPR.
• infoscore Consumer Data GmbH (Experian)minorOthersCredit information agency providing creditworthiness and payment behavior data to Health AG for factoring risk assessment.
• missionMED GmbHminorStrategic or Co-development PartnerHealth AG transmits patient data (with consent) to missionMED GmbH (Erlangen) for patients receiving treatment within health campaigns organized by missionMED. Represents a data-sharing partnership for integrated healthcare delivery.
• DAISYminorStrategic or Co-development PartnerDAISY is a cooperation partner referenced in the GKV-Finanz-Stabilisierungsgesetz news article. DAISY provides a position statement on the financial law that affects dental practice billing, demonstrating a regulatory/policy partnership.
• Studiengruppe für Restaurative ZahnmedizinminorGTM or Marketing PartnerProfessional dental association organizing the 50th Anniversary Conference (September 2026) in Cologne, hosted by Health AG.
• OEMUS MEDIA AGminorGTM or Marketing PartnerDental media and events company co-organizing events with Health AG including Hamburger Forum für Digitale Implantologie.
• Zahnärztekammer BerlinminorGTM or Marketing PartnerBerlin Dental Chamber, organizer of Dental Berlin 2026 conference, partnered with Health AG.
• DGOI (Deutsche Gesellschaft für Orale Implantologie)minorGTM or Marketing PartnerGerman implantology society organizing the Implant Summer Campus 2026 in Mallorca, partnered with Health AG.
• NEUE GRUPPEminorGTM or Marketing PartnerProfessional endodontics group holding its 60th annual meeting (November 2026) in Berlin, partnered with Health AG.
• BDO (Berufsverband Deutscher Oralchirurgen)minorGTM or Marketing PartnerGerman oral surgery professional association, 42nd Annual Conference 2026 in Berlin, partnered with Health AG.
• GFDI Gesellschaft zur Förderung der Dental-Industrie mbHminorGTM or Marketing PartnerOrganization behind the International Dental Show (IDS) in Cologne (March 2027), with Health AG as a partner.

Scale indicators7 records

Recent moves7 records

Expansion highlights5 records

Broad incumbents

• Deutsche Apotheker- und Ärztebank (ApoBank): Specialized bank serving healthcare professionals in Germany, offering practice financing, receivables solutions, and full banking services. A broad incumbent that overlaps with Health AG in providing capital and liquidity tools to dental/medical practices.
• DATEV eG: Large German cooperative providing financial software, payroll, and billing infrastructure widely used by SMB practices including dental. As a broad incumbent, DATEV covers adjacent billing workflows but is not specialized in factoring for healthcare.

Direct peers

• ARZ Haan AG: Abrechnungszentrum offering billing, factoring, and receivables services primarily to medical and dental practices in Germany. Comparable in customer profile and core service mix.
• PVS dental GmbH: Privatärztliche Verrechnungsstelle focused on dental practice billing and receivables management in Germany. Competes head-to-head with Health AG in dental RCM and factoring.
• Mediserv GmbH: German medical factoring and billing services provider serving physician and dental practices. Offers similar modular factoring, invoice management, and digital services to Health AG's customer base.
• BFS health finance GmbH: German factoring and receivables management company focused on healthcare providers, including dental and medical practices. Directly comparable to Health AG in target market (German SMB healthcare), business model (factor + RCM bundle), and customer segment.

Regional players

• Deutsche Ärzte Finanz: Financial services and consulting provider targeting physicians and dentists in Germany. Comparable in customer base (German healthcare practitioners) and financial-product positioning, though its core offering is advisory and insurance rather than factoring.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat6 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/health__ag

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Health