The startup offers a price transparency platform that provides real-time cost data for medical procedures and services, enabling patients to compare prices across various healthcare providers and locations. This transparency helps hospitals ensure patients understand their financial obligations upfront, facilitating timely and accurate payments.
Funding
$56.4M 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
Patients and payers often lack clear, upfront information on healthcare costs, leading to financial uncertainty and difficulty in making informed decisions about medical services. The complexity of healthcare pricing and the lack of transparency make it challenging for consumers to compare costs across different providers and understand their financial responsibilities.
Solution
Opyn Health provides a suite of SaaS solutions, including Opyn Iris and Opyn Live, designed to bring transparency and accessibility to healthcare. Opyn Iris is a healthcare price transparency tool that helps payers comply with the Transparency in Coverage Rule, while also providing members with accurate cost estimates and provider directories. Opyn Live is a virtual health solution that offers personalized, virtual-first care through a national network of providers, including urgent care, primary care, behavioral health, and dermatology services. The platform integrates member co-pays, co-insurance, eligibility, and plan accumulators to deliver accurate, personalized cost information.
Target Audience
Opyn Health primarily serves employers, healthcare payers, and their members, as well as students and schools seeking comprehensive healthcare solutions.
Features
- Opyn Iris:
- Integrates with member co-pays, co-insurance, member eligibility, and plan accumulators for accurate pricing.
- Allows members to review out-of-pocket costs for specific procedures and compare costs across multiple providers.
- Digital provider directory with accurate provider information.
- Advanced Good Faith Estimate (GFE) provides a detailed summary of costs before care.
- Customizable provider settings to prioritize providers based on cost-effectiveness or telemedicine availability.
- Opyn Live:
- 24/7/365 access to virtual medical providers for urgent care needs.
- Virtual primary care for chronic conditions, behavioral health, and gender-specific health needs.
- Virtual behavioral health support, including counseling, psychology, and psychiatry consultations.
- Virtual dermatology services with photo review, diagnoses, and personalized treatment plans.
- Access to a national network of lab locations.
- Peer-to-peer support with trained, anonymous peers.
- Customizable platform integration via API and SSO.