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Health Harbor is a Y Combinator-backed company that uses AI to automate billing for private medical practices. It was founded by Alan Liu, Gloria Wu, and Nathan Amin, who were motivated by their own experiences dealing with healthcare insurance companies.
Health Harbor's platform allows healthcare practices to submit requests for eligibility and claims information through a HIPAA-certified portal. The platform then uses AI to call the insurance company on behalf of the practice and retrieve the information. The practice can then instantly see the status of the request in the dashboard and view and print the full eligibility or claim status once it is completed.
Health Harbor's platform can save healthcare practices a significant amount of time and money. Healthcare practices today spend over 8 hours per week on the phone with insurance companies. Over the course of the year, this adds up to 100 million wasted hours in the US alone. Health Harbor can help practices to eliminate this wasted time and focus on providing care to their patients.
Health Harbor is still in its early stages of development, but it has the potential to revolutionize the way that healthcare billing is done. The company has already raised $2.5 million in seed funding from investors such as Y Combinator, Sequoia Capital, and Khosla Ventures.
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