Pledge Health is an automated patient accounts receivable management platform that utilizes AI to verify insurance benefits and estimate patient out-of-pocket costs, enabling clinics to collect nearly 100% of patient responsibility on the day of service. By streamlining billing processes and reducing manual work, Pledge Health enhances staff efficiency and improves patient satisfaction, resulting in a 15% increase in collections for providers.
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
Healthcare providers often face challenges in accurately verifying patient insurance benefits and estimating out-of-pocket costs, leading to delayed payments, increased administrative overhead, and patient dissatisfaction. Manual verification processes are time-consuming and prone to errors, resulting in billing discrepancies and revenue loss.
Solution
Pledge Health offers an AI-powered platform that automates patient accounts receivable management, enabling clinics to accurately verify insurance benefits and estimate patient out-of-pocket costs. The platform integrates with over 1000 payers to automate benefits verification, eliminating the need for manual portal checks. By providing transparent and understandable billing information to patients through automated notifications and an online portal, Pledge Health reduces friction in the payment process and increases patient satisfaction. The system can be delivered as a fully white-labeled software integrated with existing EHR systems or through APIs for custom integration.
Target Audience
Pledge Health primarily serves healthcare providers, including clinics and hospitals, seeking to streamline their patient billing processes, reduce administrative costs, and improve patient satisfaction.
Features
- Automated insurance benefits verification with connections to over 1000 payers
- AI-powered patient out-of-pocket cost estimation for personalized cost estimates
- Automated bill notifications and reminders via email and text
- Patient online portal for viewing real-time balances, understandable bills, and making payments
- Fully white-labeled software option for seamless integration with existing systems
- API access for building cost estimation into existing technology stacks
- Integration with EHR systems to streamline billing workflows