Insurtech startup Opkit recently raised over $1 million in seed funding to provide health insurance verification services for telehealth companies. The company, which is based in San Francisco, was founded in 2019 with the goal of simplifying the process of verifying health insurance coverage for telehealth companies.
Opkit's platform allows telehealth companies to quickly and accurately verify a patient's insurance coverage. This helps to reduce the amount of time and money spent on manual verification processes, which can be time-consuming and costly. Additionally, the platform helps to reduce the risk of incorrect or incomplete information being provided to patients.
The platform also provides real-time data on insurance coverage, so that telehealth companies can make informed decisions about how to best serve their patients. This data can be used to determine which services are covered by a patient's insurance plan, as well as to identify any potential gaps in coverage.
Opkit's platform is designed to be user-friendly and intuitive, making it easy for telehealth companies to quickly and accurately verify a patient's insurance coverage. The company also offers a range of additional services, such as billing and coding support, to help telehealth companies streamline their operations.
The seed funding will be used to further develop the platform, as well as to expand the company's customer base. Opkit is currently working with a number of leading telehealth companies, including Teladoc and Doctor On Demand, and is looking to expand its partnerships in the near future.
Opkit's platform is an important step forward in making health insurance verification easier and more efficient for telehealth companies. By providing accurate and up-to-date information on a patient's insurance coverage, Opkit is helping to ensure that patients receive the care they need without having to worry about costly out-of-pocket expenses.
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