Funding Details
- Awarder
- PlugAndPlayTechCenter
- Date Award
- May 15, 2024
- Funding URL
- View Funding Page
Company Info
- Company Description
- ResolvMD is a digital health platform focused on driving more efficiencies for healthcare stakeholders. We started with a full-service medical billing product / service that delivers customized insights, real-time earnings, and claim-tracking designed to help physicians bill confidently, securely, and easily. We are now leveraging that foundation to create fully automated billing solutions for physicians that will enable them to cycle more time back into patient care. Physicians today are spending anywhere from 3 - 8 hours on billing related administration (with staff spending a similar amount or more). In fact, only 60% of physician time is spent with patients and 72% feel they don't have enough time with them. This is unacceptable. Our goal is to drive a 10% increase in patient time which will lead to higher physician satisfaction, better patient outcomes, and less payor burdens. Additional value that stems from automation includes optimizing claims, decreasing deficiencies, and lowering overhead. In delivering this service, we gather a massive amount of data which can be used to drive predictive analytics, for revenue cycle management, for reinforcement of algorithms and patient benefit.
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