DisputeBills, a Chicago, IL-based provider of consumer medical billing advocacy and negotiation services, raised $400k in seed funding.
The round was led by Chicago angel Stephen Lee.
The company will use the funds to launch its online medical bill reduction platform.
Co-founded in in 2015 by Matt Moulakelis, Tim Buhay and Stephen Lee, DisputeBills provides free consultation from a dedicated medical billing advocate with experience in medical billing, collections and insurance claims. Advocates, who often are former hospital medical billing employees, work to identify and challenge potential cases of overbilling and errors related to consumer healthcare, and negotiate a reduction on the user’s behalf, usually within two weeks.
The company leverages an HIPAA-compliant platform that allows users to securely submit medical bills and insurance documents; to connect and communicate with a DisputeBills medical billing advocate; and to track case progress in real-time.