Wednesday, March 29, 2017

Eren Bali Co-Founder of Udemy raised $6.5 million for his newest health startup

San Francisco-based startup Carbon Health has raised $6.5 million in seed funding from two unnamed investors. The company plans to use the funding to expand into a small number of Bay Area practices, then other practices in California, before rolling out nationally.


Carbon Health help in communications between doctors and the labs and insurance companies with which they work. It provide healthcare practices with greater control over everything from scheduling to electronic health records to billing.

Also read: Amazon to invest $515 million in food retail

Carbon Health founder and CEO Eren Bali says 750 patients have tried it, too, and that they rank it highly in feedback surveys. The reason: By integrating a healthcare practice with clinics, insurance companies, pharmacies, labs and medical imaging centers, patients become empowered, too. He said by using the service, individuals can schedule appointments, make payments, fill prescriptions and, crucially, access their medical records. Instead of a health record system where patients’ records are stored on the provider side, we flipped the system.

He also said, 100,000 patients will have access to its technology when those partnerships go live. This is high-stakes software; we want to get this right.

About the revenue model Carbon Health aims to replace that cost, charging 7 percent for not only billing but a variety of other services that healthcare practices typically pay for separately, including HR and practice management.


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