RapidClaims Raises $3.1 Million To Help Hospitals Get Paid On Time [Forbes]
EXPERIAN PLC S/ADR (EXPGY)
NASDAQ:AMEX Investor Relations:
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Source: Forbes
New York-based start-up RapidClaims believes so – it is today announcing the successful completion of a $3.1 million fundraising it hopes will enable it to accelerate sales of the software solution it has developed for this purpose. “This is about reducing the manual workload for healthcare providers and ensuring they get paid promptly,” says Dushyant Mishra, CEO of RapidClaims, who co-founded the business last year. “Current ways of working have become more and more problematic in a sector where complexity continues to increase.” RapidClaims' technology is focused on the coding process involved in claims to health insurers. After a hospital or another healthcare provider has treated a patient, it must review the patient's charts to check exactly what was provided at each stage of the interaction, from diagnosis to discharge, so that it can seek reimbursement. Each separate element of care must be identified and coded according to the insurance industry's standards. This work is
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