Opkit, a medical health insurance verification platform for telehealth suppliers and digital medical clinics, has launched with $1 million in funding.
The startup participated in Y Combinator, a Silicon Valley accelerator program, and garnered funding from World Founders Capital, Socially Financed, Y Combinator, Mischief and Rex Salisbury, a former companion at Andreessen Horowitz.
WHAT THEY DO
The New York-based firm provides a platform with two most important elements: an online dashboard the place customers can manually enter, confirm and observe a affected person’s insurance coverage protection and an API that engineering groups can use to confirm protection programmatically. This system routinely re-verifies insurance coverage protection for returning sufferers earlier than every go to.
“Telehealth is a wholly new enterprise mannequin that stands to make healthcare extra inclusive, accessible and inexpensive. However suppliers want up to date instruments which can be constructed for a digital care surroundings. That is why we constructed Opkit, to cut back administrative burden for this subsequent technology of healthcare suppliers,” Justin Ko, Opkit’s cofounder and CTO, mentioned in an announcement.
The majority of healthcare consumers have used telemedicine in some unspecified time in the future of their lifetime, and most insurance companies cover some form of telehealth service, although this may vary by state.
One other firm providing a medical health insurance verification instrument is medical reserving platform ZocDoc. By its Insurance coverage Checker, sufferers can choose their plan, confirm their insurance coverage data, and share it with a physician as they e-book an appointment.
Wendy Paul and Kyle Longhurst will provide extra element of their HIMSS23 session “Utilizing Machine Studying to Scale back Discharge Remedy Errors.” It’s scheduled for Thursday, April 20, at 2:30 p.m. – 3:30 p.m. CT on the South Constructing, Degree 4, in room S401.
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