In the ever-evolving world of technology, insurtech startups are becoming increasingly popular. One such startup, Opkit, has recently raised over $1 million to provide health insurance verification for telehealth companies.
Opkit is a cloud-based platform that helps telehealth companies verify health insurance coverage for their patients. The platform uses artificial intelligence (AI) and natural language processing (NLP) to quickly and accurately verify patient insurance coverage. This helps telehealth companies save time and money by reducing manual data entry and eliminating the need for manual verification calls.
The funding will be used to expand the platform’s capabilities and to develop new features. This includes integrating with more health insurance companies, as well as developing a mobile app and adding additional features such as automated claims processing.
The platform is already being used by some of the largest telehealth companies in the US, including Teladoc, MDLive, and Amwell. This is a testament to the quality of the platform and its ability to help telehealth companies streamline their operations.
The funding round was led by venture capital firm, Greycroft, with participation from several other investors. This is a major milestone for Opkit and a sign of the increasing interest in insurtech startups.
Opkit’s platform is a great example of how technology can be used to simplify and improve healthcare operations. By providing an efficient way to verify health insurance coverage, Opkit is helping telehealth companies save time and money while providing better care for their patients.
This is just the beginning for Opkit, and it will be interesting to see how the platform evolves in the future. With more funding and continued development, Opkit could become an essential part of the healthcare industry.
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- Source: Plato Data Intelligence: PlatoAiStream