Avelis uses AI to analyze medical bills for errors and overcharges, leveraging a proprietary database of hospital rates. The platform automates negotiations with providers and insurers and identifies eligible discounts to reduce patient costs.
Funding
$500K raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
A significant percentage of medical bills contain errors or overcharges, and many patients lack the expertise or time to identify and contest these discrepancies. This results in individuals overpaying for healthcare services and missing out on potential discounts, such as those for low-income patients.
Solution
Avelis provides an AI-powered platform designed to analyze medical bills for inaccuracies and overcharges. The system leverages a proprietary database of hospital rates to identify pricing anomalies and applies AI-driven processes to negotiate with healthcare providers and insurers on behalf of the patient. This includes generating appeal documents and initiating contact through various channels to reduce the amount owed. Avelis also proactively identifies and applies for eligible discounts, such as those for low-income individuals, to further minimize patient costs.
Target Audience
The primary customers are individuals who have received medical bills and are seeking to reduce their out-of-pocket expenses, as well as employers looking to offer cost-saving benefits to their employees.
Features
- AI-driven medical bill analysis to detect common errors and overcharges.
- Proprietary database of hospital rates for transparent pricing verification.
- Automated generation of appeal documents for billing disputes.
- Multi-channel negotiation with healthcare providers and insurers (phone, email, fax).
- Automated identification and application for low-income patient discounts.
- Performance-based pricing model: payment contingent on achieved savings.