Goodbill

Goodbill

Goodbill automates identifying and correcting hospital billing errors to help people pay less.

HQ location
Seattle, United States
Launch date
Employees
Enterprise value
$17m
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DateInvestorsAmountRound
investor investor investor investor investor investor investor investor investor

€0.0

round
*

$2.0m

Valuation: $17.0m

Seed
Total Funding000k
More about Goodbill
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GoodBill.com is a startup that operates in the healthcare sector, specifically focusing on the financial aspects of healthcare. Their primary service is to review and lower hospital bills for both patients and payers, with an average savings of 30%. Their target clients include brokers, payers, employers, and plan administrators.

GoodBill.com's business model revolves around auditing medical bills for inaccuracies and unnecessary charges. They use licensed coders and clinicians to review the billing codes and provider notes to ensure that all charges are correct and necessary. This service is offered both before and after payments have been made, ensuring that no potential savings are missed.

In addition to auditing bills, GoodBill.com also offers a service to check for charity care eligibility. Based on a client's household income, they may qualify for financial assistance or even have their entire bill waived. This service is offered to both employers and members, potentially saving them up to 100% on eligible claims.

GoodBill.com also offers a full-service advocacy, assisting clients from application to approval. They provide real-time updates on every claim and a 24-hour turnaround on reviews. Their services are customizable and can work with any plan, providing a world-class member experience.

In terms of revenue, GoodBill.com likely operates on a fee-based model, charging clients for their bill review and advocacy services. They may also receive a percentage of the savings they secure for their clients.

In summary, GoodBill.com is a healthcare financial startup that offers bill auditing and financial assistance services to help clients save on their medical bills.

Keywords: Healthcare, Financial Services, Bill Auditing, Charity Care Eligibility, Financial Assistance, Savings, Advocacy, Customizable Solutions, Real-time Updates, Fee-based Model.

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