Insurtech startup Opkit recently announced that it has raised over $1 million in funding to provide health insurance verification services for telehealth companies. The funding was led by venture capital firm Greycroft and included participation from existing investors, including Anthemis Group, Plug and Play, and Techstars.
Opkit is a cloud-based platform that helps telehealth companies verify patient insurance eligibility and provide accurate cost estimates for services. The platform also offers automated billing and payment processing, as well as real-time analytics and reporting.
The company was founded in 2018 by CEO and co-founder David Kostman, who previously worked at Google and Microsoft. Kostman said that the goal of the company is to make it easier for telehealth companies to provide quality care to their patients.
“We are excited to have Greycroft join us in this mission,” Kostman said in a statement. “Their experience in the healthcare space will be invaluable as we continue to grow our platform and expand our services.”
Opkit’s platform is already being used by a number of telehealth companies, including Teladoc, MDLive, and Amwell. The company plans to use the new funding to expand its services to more telehealth companies, as well as to develop new features for its platform.
The healthcare industry is rapidly evolving, and telehealth companies are becoming increasingly popular as a way for patients to access healthcare services remotely. With Opkit’s platform, telehealth companies can quickly and accurately verify patient insurance eligibility and provide accurate cost estimates for services. This will help telehealth companies provide better care to their patients while also reducing administrative costs.
Opkit’s platform is an important step forward in the healthcare industry and will help make healthcare more accessible and affordable for patients. With the new funding, the company is well-positioned to continue to grow and expand its services.
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