Flair Technology Services provides a platform for users to manage accounts and access services through a dedicated dashboard. The company offers updates and subscription options for users interested in new features. Access to their services is managed via secure login and account creation portals.
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
Specialty medication billing is complex, involving multiple payment sources like payers, manufacturers, foundations, and patients, leading to inefficiencies and revenue loss for pharmacies and infusion centers. Tracking patient accounts and payments across different systems is time-consuming, and denied claims often go unrecovered due to manual follow-up processes.
Solution
Flair Health offers a technology-enabled platform that streamlines specialty medication billing by integrating payments from various sources and automating revenue recovery processes. The platform provides real-time visibility into patient accounts and payments, ensuring accurate tracking and up-to-date data for billing teams. Flair's AI-powered tool identifies overdue or denied claims and automatically follows up with payers or manufacturer assistance funds to recoup payments. It also simplifies applications to manufacturer and foundation assistance programs, sending reminders to meet deadlines and avoid missed funds. By reconciling all payments through one platform, Flair Health eliminates the need for coordinators to log into multiple portals and chase down individual checks.
Target Audience
Flair Health's platform is designed for specialty pharmacies, buy and bill programs, and infusion centers, specifically targeting chief financial officers, chief pharmacy officers, and patient assistance coordinators.
Features
- Real-time tracking of patient accounts and payments for accurate data management
- Automated follow-ups on overdue and denied claims using proprietary AI
- Simplified applications to manufacturer and foundation assistance programs with automated reminders
- Payment reconciliation across payers, manufacturers, foundations, and patients in a single platform
- Integration of all payments across payers, manufacturers, foundations, and patients