Goodbill, a Seattle, WA-based startup that verifies that hospital bill is correct, raised $2m in funding.
The round was led by Founders’ Co-op, Maveron and Liquid 2 Ventures, with participation from other funds and angels.
The company intends to use the funds to expand operations and its business reach, as well as to further invest into its healthcare cost containment offering for self- and level-funded groups.
Co-founded by Patrick Haig, and Ian Sefferman, Goodbill provides a solution for plans that leverages A.I., data, technology, and personalized member support to help self-funded employers vet incoming hospital claims for accuracy, and capture discounts and savings before the plan pays the provider.
Once a hospital issues a claim to the employer or payer, Goodbill reviews it against the member’s medical record for errors or inflated charges. Because the system is digitally integrated with the patient portals at more than 2,500 hospitals across the country, it’s able to pull in data quickly to conduct these claim reviews. This enables Goodbill to review every single claim and deliver fast turnaround results before, not after, the plan pays the provider.
The platform also checks whether a member is eligible for a 501(r) discount on the claim from their hospital. Goodbill is able to instantly screen whether a member is eligible at any of over 3,500 hospitals in the country.
FinSMEs
01/04/2024