HIT Consultant March 28, 2025
What You Should Know:
– Sohar Health, an AI-driven provider of eligibility determination and Verification of Benefits (VoB) raises $3.8M in seed funding round led by Kindred Capital, with participation from Y Combinator, General Catalyst, Character, and prominent angel investors,
– The funding will accelerate Sohar’s mission to eliminate insurance barriers that delay care, burden providers, and leave patients in limbo.
The Problem: Inefficient Insurance Verification:
The healthcare system faces significant challenges in patient onboarding due to outdated systems and manual processes. These inefficiencies lead to:
- Patients encountering roadblocks in accessing care, such as delayed appointments and denials.
- A significant number of insured individuals (45%) receiving unexpected medical bills for care they thought was covered.
- Patients delaying...
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