Remedy Labs is opening up its medical insurance service to more people with the goal of preventing excessive billing and charges from taking place.
It claims that it has saved its undisclosed number of customers an average of $1,000 per year after discovering errors for half of them.Started by former TaskRabbit executive Victor Echevarria, John Schulte, and Marija Ringwelski, Remedy has some Mint.com-like characteristics.
To ensure protection of people s privacy, the company requires you to digitally sign an authorization form giving it access to your data.When you have a doctor s appointment for a vision, dental, or medical-related issue, the insurance bill will be analyzed by Remedy s technology and network of specialists who will ascertain whether the charges are accurate.
The company integrates with all major insurance providers within the U.S. and will charge you if there s any money saved — Echevarria said that 20 percent is charged as commission with a maximum fee of $99 per bill.According to the Centers for Disease Control and Prevention, the U.S. spent in 2014 $3 trillion on health-related issues, making up 17.5 percent of the country s Gross Domestic Product GDP .
That s a lot of money being passed around for hospital care, physician and clinical services, and prescription drugs.
And how often are we really looking at our medical bills to see if we re being overcharged?It s not necessarily the major operations or procedures that we might pay extra for.