FIMED
FIMED is a Dominican Republic-based fintech that provides invoice advances, short-term working-capital loans, and administrative billing services exclusively to healthcare providers affiliated with ARS health insurers, enabling 24-48 hour digital liquidity and outsourced back-office operations.
- Company typePrivate
- Founded2014
- HeadquartersSanto Domingo, Dominican Republic
- Headcount1–10
- GTM typeB2B
- OfferingServices
What FIMED does
FIMED is a Dominican Republic-based private fintech that delivers financial and administrative solutions exclusively to healthcare providers (Prestadores de Servicios de Salud, PSS) affiliated with ARS health insurers. Founded around 2014 as part of the Easy Group conglomerate and headquartered in Santo Domingo, it has operated for over a decade addressing the cash-flow gap caused by slow ARS reimbursement cycles. The company operates a fully digital sales and onboarding motion, with 100% online applications and 24-48 hour disbursements targeting individual doctors, clinics, laboratories, and pharmacies nationwide.
Its core offering is a bundled platform with three products. AvanzaMed provides short-term advances against pending ARS invoices, settling providers in 24-48 hours without affecting their bank credit lines. PrestaMed extends working-capital loans up to three times a provider's average quarterly ARS billing, repaid via automatic deduction from future ARS payments. ServiMed delivers outsourced back-office administration including claims auditing, automated ARS billing with NCF-compliant fiscal documentation, secure digital archiving, accounts-receivable messaging, and DGII tax-accounting and declarations. Across all three lines, FIMED collects directly from ARS insurers and consolidates flows to providers.
Revenue is generated through transaction fees on financed receivables and loans, plus professional-services fees on the ServiMed administrative line. Pricing is quote-based and tied to each provider's ARS billing history; no public pricing schedule exists. The company cites a strategic alliance with Fiduciaria Universal (Grupo Universal) as institutional backing for secure fund transfer and investment access. There is no public ticker, no external funding history, and no disclosure of revenue or ARR in the available material.
FIMED firmographics
Firmographics- Name
- FIMED
- Legal name
- FIMED
- Website
- https://fimed.com.do
- Company type
- Private
- Founded year
- 2014
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- FIMED is a Dominican Republic-based fintech that provides invoice advances, short-term working-capital loans, and administrative billing services exclusively to healthcare providers affiliated with ARS health insurers, enabling 24-48 hour digital liquidity and outsourced back-office operations.
- Ownership category
- akta.pro rank
FIMED industry classification
Industry- Product category
- Healthcare Financial Services
- NAICS
- Pharmacy Benefit Management and Other Third Party Administration of Insurance and Pension Funds (524292), Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)
- SIC
- Hospital & Medical Service Plans (6324)
- akta.pro primary industry
- Billing, Payments & Premium Finance Platforms (FSAGAGAI)
- akta.pro secondary industry
- Claims Management & Digital FNOL Platforms (FSAGAGAC)
Keywords
Where FIMED is headquartered
LocationHeadquarters
- HQ city
- Santo Domingo
- HQ country
- Dominican Republic
- HQ region
- Latin America
Offices1 record
Markets served
FIMED business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Supply Chain
Revenue model
- AvanzaMed - ARS Invoice Advance: FIMED advances payments on pending ARS invoices to healthcare providers, providing immediate liquidity while waiting for insurance company reimbursements. Providers receive funds in 24-48 hours without affecting their bank credit lines.
- PrestaMed - Short-term Loans: Short-term loans calculated based on healthcare provider's ARS billing volume (up to 3x average quarterly billing). Repayment is automatically deducted from future ARS payments.
- ServiMed - Administrative Services: Comprehensive administrative management including claims auditing, digital archiving, ARS billing, accounting and tax declarations (DGII).
Go-to-market motion1 record
Distribution channels1 record
Marketing channels2 records
FIMED product offering
Product offeringCore offering
FIMED provides digital financial and administrative solutions exclusively for Dominican Republic healthcare providers (PSS). It advances payments against pending ARS (health insurance) invoices within 24–48 hours, extends short-term working capital loans sized to ARS billing volume, and handles end-to-end administrative management including claims auditing, automated ARS billing with tax-compliant NCF documentation, document digitization, and DGII tax accounting. All services are delivered through 100% online processes without requiring guarantees or affecting customers' traditional bank credit lines.
Product overview
FIMED is a digital financial and administrative solutions provider exclusively for the Dominican Republic health sector. The company offers three integrated digital services: AvanzaMed (immediate liquidity via ARS invoice advances with 24–48 hour disbursements), PrestaMed (short-term working capital loans up to 3x monthly billing), and ServiMed (end-to-end billing, collections, and administrative management). The three products work together to address both financing needs and back-office operations, allowing health providers to focus on patient care while FIMED handles ARS receivables and administrative workflows.
Differentiator
Problem solved
Functional benefit
Brands
- AvanzaMed: Immediate liquidity service for healthcare providers to cover urgent operating expenses while waiting for ARS payments. Covers payroll, suppliers, double salary, and operational expenses with 24-48 hour disbursement without affecting credit.
- PrestaMed
- ServiMed
Products and services
- AvanzaMed Immediate liquidity service for Dominican healthcare service providers, advancing payments against pending ARS (health insurance administrator) invoices with disbursements within 24–48 hours. Covers payroll, suppliers, double salary, and operating expenses without requiring guarantees or affecting bank credit. The product tracks payments in real time, and FIMED collects directly from ARS insurers.
- PrestaMed Short-term working capital loan product for Dominican healthcare providers, sized to actual ARS billing volume (up to 3 times average quarterly billing). Disbursed within 48 hours without guarantees, with automatic quota deduction from future ARS payments and no impact on credit history. Used for equipment, facility remodeling, expansion, and operational continuity.
- ServiMed Comprehensive administrative management service for Dominican healthcare providers, including claims auditing to prevent denials, automated ARS billing with NCF (tax-compliant) documentation, secure document digitization, accounts receivable messaging, and DGII tax accounting and declarations. Designed to reduce administrative burden and allow providers to focus on patient care.
Quantifiable outcome
- Disbursement time: 24-48 hours for approved applications
- +2 more outcomes
Companies that use FIMED
Customer profileNamed customers5 records
Segments2 records
Ideal customer profiles2 records
FIMED technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
FIMED partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Fiduciaria Universal (Grupo Universal)coreStrategic alliance with Fiduciaria Universal (part of Grupo Universal) to provide financial security standards for operations. This partnership ensures secure fund transfers and transparent operations for healthcare providers using FIMED services.
Scale indicators2 records
Recent moves6 records
Expansion highlights4 records
FIMED competitors and assessment
Company assessmentDirect peers
- FinPay: Patient financing and pre-care payment platform for healthcare providers. Closely comparable to FIMED's AvanzaMed and PrestaMed in providing healthcare-specific financing solutions that address cash flow gaps for providers.
- Cedar: Patient-facing medical billing and payments platform for healthcare providers. Overlaps with FIMED's payment consolidation and digital billing-to-insurer workflow, though Cedar focuses on patient payments rather than insurer receivables.
- PatientFi: Patient and provider financing platform for healthcare procedures. Comparable to FIMED's AvanzaMed and PrestaMed in offering credit-based financing tied to healthcare billing, though focused on elective procedures rather than insurance receivables.
Emerging players
- Candid Health: End-to-end revenue cycle management platform for healthcare providers. Directly comparable to FIMED's ServiMed layer—automated claims submission, payer follow-up, and billing management for provider practices.
- Akasa: AI-driven revenue cycle automation for healthcare providers. Overlaps with FIMED's claims auditing and automated ARS billing capabilities in ServiMed, with similar focus on reducing denials and admin burden.
Broad incumbents
- Waystar: Large healthcare payments technology platform serving US providers and payers with revenue cycle, claims, and payment processing. Comparable to FIMED's ServiMed (claims and ARS billing) and AvanzaMed (payment facilitation) layers, though Waystar serves a much broader US market.
- CareCredit (Synchrony Financial): Healthcare-focused consumer financing product owned by Synchrony Financial. Provides credit to patients for medical expenses, comparable to FIMED's healthcare financing products but on the patient side and at much greater scale.
- R1 RCM: Large-scale healthcare revenue cycle management and billing services company. Comparable to FIMED's ServiMed administrative/claims functions, though R1 RCM is a publicly-traded incumbent serving US health systems.
Regional players
- Docplanner: Healthcare marketplace and practice management SaaS serving Latin America and Europe. Comparable in serving healthcare providers with admin/workflow tools across Latin America, providing regional-market context for FIMED's DR operations.
- Conexa Saúde: Brazilian healthtech offering telemedicine, integrated health management, and provider tools. A relevant regional peer as another Latin American healthcare platform addressing provider-side admin and patient flow challenges.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
FIMED social profiles
Digital presenceFIMED financial estimates
Financial estimateRevenue estimate
Valuation estimate
FIMED leadership team
Management profileNumber of profiles
Profiles2 records
FIMED funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
FIMED M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about FIMED
What does FIMED do?
FIMED provides digital financial and administrative solutions exclusively for Dominican Republic healthcare providers (PSS). It advances payments against pending ARS (health insurance) invoices within 24–48 hours, extends short-term working capital loans sized to ARS billing volume, and handles end-to-end administrative management including claims auditing, automated ARS billing with tax-compliant NCF documentation, document digitization, and DGII tax accounting. All services are delivered through 100% online processes without requiring guarantees or affecting customers' traditional bank credit lines.
Is FIMED a public or private company?
FIMED is a private company. It is classified as corporate owned and is currently operating.
When was FIMED founded?
FIMED was founded in 2014. It employs 1 to 10 people.
Where is FIMED based?
FIMED is headquartered in Santo Domingo, Dominican Republic, in the Latin America region.
How does FIMED make money?
Three revenue lines are on record. AvanzaMed - ARS Invoice Advance is the primary driver. The others are prestaMed - Short-term Loans and serviMed - Administrative Services.
Who are FIMED's main competitors?
Direct peers on record are FinPay, Cedar and PatientFi. Emerging players are Candid Health and Akasa. Broad incumbents are Waystar, CareCredit (Synchrony Financial) and R1 RCM. Regional players are Docplanner and Conexa Saúde.
Does FIMED have an API?
No public API is recorded for FIMED.
What industry is FIMED in?
FIMED's product category is Healthcare Financial Services. Its primary akta.pro industry code is FSAGAGAI, Billing, Payments & Premium Finance Platforms, with a secondary code of FSAGAGAC, Claims Management & Digital FNOL Platforms. Its NAICS code is 524292 and its SIC code is 6324.