Osigu has created a chopping-edge technological know-how that exchanges information and interacts with payers and health care companies, earning it achievable to automate electronic claims and payments. With a one integration, Osigu’s API infrastructure enhances conversation amongst payers and companies to expedite statements and acquire actual-time responses with out human conversation. The firm seeks to eradicate the will need for cumbersome mobile phone calls, filling out paper varieties, and conforming to several payer’s internet portals. As a result, payers and providers lessen administrative and back-workplace costs, cut down fraud, and sufferers get timely entry to care.
Osigu has consumers in Mexico, Dominican Republic, Guatemala, and Spain. With the latest funding spherical, the organization aims to increase its existence in the Colombian sector, a TAM of USD $12 Billion, focusing on the in excess of 650M promises manually processed every single year.
“We see a significant prospect in the health care and insurance policy space in rising markets this sort of as LATAM. Mainly just about every professional medical transaction is paper-primarily based, and the ecosystems are really fragmented with community compact and mid-computer software companies that you should not use any info standardization. What transpired 15-20 a long time ago in the formulated health care method is beginning now in Latam. We feel pretty determined and accountable for fixing this enormous health care dilemma. Our answers provide a lot of advantages to payers and companies, but most importantly, increase the patient’s practical experience across the board,” states Fernando Botrán, CEO and co-founder of Osigu.
“IDC Ventures is psyched to partner with Osigu, the technology adoption in Latin The us is lagging, specially in the healthcare system, developing an exponential prospect for Osigu to resolve a massive problem and improve healthcare shipping and delivery in the area,” included Bobby Aitkenhead, Taking care of Partner at IDC Ventures.
“I am a big believer in the application of technological know-how to strengthen health care delivery, endurance encounter and health care prices and Osigu is positioned to be a change catalyst across Latin America and the Planet,” extra Jose Vargas, co-founder of Healthcare.com. “I am energized and humbled to be a part of the board of Osigu and be aspect of their mission to enhance the health care ecosystem”
In link with this funding round, Jose Vargas and Gabriel Mesa (MD, and former CEO of a single of the top health insurance plan organizations in Colombia for far more than 14 many years) have joined the Osigu board of directors.
Osigu is disrupting the healthcare and insurance policy ecosystem by digitalizing and automating the claims process and payments concerning Coverage corporations and overall health companies in LATAM. By way of a special, point out of the artwork, SaaS system, payers, health companies, and patients interact in a uncomplicated, responsible and safe manner. Osigu provides solutions for everyone in the healthcare shipping and delivery ecosystem: effectiveness and fraud prevention for payers, liquidity for wellbeing companies, and a much better client practical experience for sufferers. The business, started in 2016, is headquartered in Miami, FL. For extra facts, visit www.osigu.com.
About IDC Ventures
IDC Ventures is an investment fund that finances jobs that drive innovation and electronic disruption. IDC Ventures focuses on corporations in the fintech industry, market, and platforms in the course of Europe, the US, and Latin America. To date, it has raised a lot more than USD $400 million for technologies corporations and supported initiatives this sort of as Curve, Bipi, RecargaPay, Merqueo, Securitize, and far more. For extra info, visit www.idcventures.com.