Pledge Health
Pledge Health is a healthcare IT company based in New York, NY, and Cambridge, MA, that automates patient billing for independent healthcare clinics by integrating with EHR systems to provide real-time insurance coverage estimates and patient cost calculations.
Overview of Pledge Health
Pledge Health operates within the healthcare IT sector, providing automated billing solutions for independent healthcare clinics. The company focuses on enhancing the patient financial experience by estimating insurance coverage and offering real-time billing at the time of service. By working closely with healthcare providers, Pledge Health delivers comprehensive solutions aimed at reducing administrative burden and improving payment collection efficiency.
Locations and Team
Pledge Health maintains offices in New York, NY, and Cambridge, MA, and also supports remote work arrangements. The team is composed of two members who collaborate to streamline patient billing processes across varied healthcare settings in the United States and Canada.
Services Offered by Pledge Health
Pledge Health automates several aspects of patient billing for healthcare clinics. Their main offerings include insurance benefit verifications, time-of-service patient cost estimates, understandable patient statements, and modern payment solutions. This end-to-end automated solution is designed to simplify billing, improve cash flow, and provide a 5-star patient financial experience. The platform is fully white-labeled and integrates seamlessly with existing Electronic Health Records (EHR) systems, enhancing the overall operational efficiency of healthcare providers.
Value Proposition and Impact
Pledge Health has been effective in reducing manual work and increasing payment collections by 15% for healthcare providers like Vida Integrated Health. The company's automated systems ensure more than 60% of patient payments are self-serviced within the first 7 days of billing. Insurance benefits verifications help quickly determine patient responsibility and reduce claim denials, which enhances overall financial efficiency for clinics.
Support and Recognition
Pledge Health is part of the Y Combinator's W23 batch, reflecting its potential and support within the startup ecosystem. The solution has received positive feedback for its efficiency and user-friendly interface, distinguishing it from other online payment systems.