Opkit, a medical 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 International Founders Capital, Socially Financed, Y Combinator, Mischief and Rex Salisbury, a former accomplice at Andreessen Horowitz.
The New York-based firm affords a platform with two predominant parts: an internet dashboard the place customers can manually enter, confirm and monitor 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 completely 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 setting. 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, stated in an announcement.
THE LARGER TREND
The majority of healthcare consumers have used telemedicine sooner or later 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 insurance verification software is medical reserving platform ZocDoc. By means of its Insurance coverage Checker, sufferers can choose their plan, confirm their insurance coverage info, and share it with a physician as they e-book an appointment.
Wendy Paul and Kyle Longhurst will supply extra element of their HIMSS23 session “Utilizing Machine Studying to Cut back Discharge Medicine 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.