Debtle provides a cloud-based, HIPAA-compliant platform that automates financial assistance applications and payment negotiations for healthcare providers, utility companies, and educational institutions. By streamlining billing communications and offering multiple payment options, Debtle reduces the time spent on collections and enhances patient satisfaction, resulting in increased revenue for organizations.
Funding
$100K 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.
GFounders
Product
Problem
Healthcare providers, utility companies, and educational institutions often face challenges in managing patient or customer debt, leading to increased time spent on collections and potential dissatisfaction. Traditional methods of handling financial assistance applications and payment negotiations can be inefficient and confusing for both the organization and the individual.
Solution
Debtle offers a cloud-based, HIPAA-compliant platform designed to streamline and automate financial assistance applications and payment negotiations. The platform centralizes patient billing communications, allowing for customized parameters, communications, special waivers, and discounts. By connecting individuals with multiple payment options, including traditional and innovative fintech solutions, Debtle aims to improve the overall experience, reduce bad debt, and increase revenue for organizations. The system automates financial assistance applications, enables pre-screening, and facilitates the application of discounts and counter offers based on custom parameters.
Target Audience
Debtle primarily serves healthcare providers, utility companies, and educational institutions seeking to automate and improve their financial assistance and payment negotiation processes.
Features
- Automated financial assistance application processing, from initial communication to resolution
- Customizable parameters for discounts, negotiations, and special waivers
- Integration with a payment platform offering over a dozen payment methods, including debit/credit, ACH, payment plans, crowdfunding, and volunteer hours
- Centralized in-app messaging and activity tracking for patient billing communications
- Patient pre-screening for financial assistance eligibility
- Secure, cloud-based, HIPAA-compliant architecture
- ERP integration capabilities