Stedi provides an API-first clearinghouse that enables real-time eligibility checks and claims processing by connecting to over 7,000 payers through JSON-based APIs. This platform addresses the inefficiencies in healthcare transactions by automating processes and ensuring high availability with 99.9% uptime and automatic failover capabilities.
Funding
$75.1M 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Healthcare transactions are often inefficient due to outdated technology and fragmented systems, leading to delays and errors in eligibility checks and claims processing. Traditional Electronic Data Interchange (EDI) processes are complex, lack real-time capabilities, and can be difficult to integrate with modern systems. This results in increased administrative costs and potential disruptions in patient care.
Solution
Stedi offers an API-first clearinghouse that streamlines healthcare transactions by providing real-time eligibility checks and claims processing through modern, JSON-based APIs. The platform connects to over 7,000 payers, automating processes and ensuring high availability with multi-region infrastructure and automatic failover capabilities. This eliminates single points of failure and maximizes payer uptime. Stedi's developer-friendly APIs allow for quick integration, enabling healthtech companies to transact with payers efficiently. The platform also offers role-based access, multi-factor authentication, and is HIPAA and SOC 2 compliant, ensuring industry-leading security.
Target Audience
The primary customers are fast-growing healthtech companies that require efficient and reliable eligibility checks and claims processing.
Features
- Real-time eligibility checks via REST API, supporting over 900 payers
- Claims processing through modern APIs
- Multi-region APIs for high availability and redundancy
- Automatic failover to redundant clearinghouses and direct payer connections
- Role-based access control for secure data management
- Multi-factor authentication for enhanced security
- HIPAA and SOC 2 compliance
- Dedicated Slack channel and clear documentation for support