Health insurance startup ClaimBuddy has raised an undisclosed seed funding from Titan Capital and other investors like First Cheque, LV angel fund and individual angels.
The startup plans to use the fresh funds raised to expand business in India and to invest in technology.
“The investors’ belief in our vision will help streamline health insurance claim processing in India,” said Khet Singh, cofounder, ClaimBuddy.
He further added, “Over 90% of Indian hospitals are individually owned units and lack the required technology and domain expertise to manage insurances, resulting in delays or deductions and rejections of health insurance claims, says Singh. “With our solution, we are committed to bridging this gap and helping hospitals improve their financial and operational efficiency, as well as top it up with improved patient experience.”
ClaimBuddy acts as one-stop solutions for Health Insurance Claim assistance for Patients and Hospitals. It claims that it is building an ecosystem to ensure Hassle-free insurance claims by leveraging technology, and a set of simple yet powerful processes and operations.
Arya has been a part of the Content & Research Team at Hrnxt.com. She is a keen observer of economic developments, emerging businesses, people in business and keeps a tab on latest happenings in the business environment.