Medical billing is a nightmare, but a start-up is working to make it easier

 

Source: Christina Farr, CNBC

More than 40 million Americans have unpaid medical expenses that are impacting their credit, according to the Consumer Financial Protection Bureau, and much of this debt comes from out-of-network doctors that consumers thought were in network. Many hospitals will hire debt collectors, who go to great lengths to recover this debt.

Start-up Ooda Health, has a workaround that is so deceptively simple, it might just work. Ooda thinks that providers — namely hospitals and doctor’s offices — shouldn’t be responsible for collecting bills from patients. Instead, they are working to persuade health insurers to take on the burden.

Read Full Article: Medical billing is a nightmare, but a start-up is working to make it easier

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