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 companion at Andreessen Horowitz.
The New York-based firm affords a platform with two major parts: an internet 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 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 surroundings. That is why we constructed Opkit, to scale back administrative burden for this subsequent era of healthcare suppliers,” Justin Ko, Opkit’s cofounder and CTO, stated in a press release.
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 device is medical reserving platform ZocDoc. By way of its Insurance coverage Checker, sufferers can choose their plan, confirm their insurance coverage data, and share it with a health care provider 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 Treatment 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.