Tekedia Capital welcomes Taxo (taxo.ai), a healthtech startup. Taxo integrates with electronic health records (EHRs) to automate medical billing and coding. Its AI-powered solution reduces the time and cost of claims processing by over 90%, enabling providers to focus on patient care rather than administrative tasks.
The business of medicine is fascinating. Doctors, nurses and broad healthcare professionals are scientific miracle makers. Yet, they do suffer from a poor marginal cost regime, as it is one doctor per one patient, at a time, irrespective of the number of patients. Simply, if there are 30 people waiting for a doctor, a doctor has to deal with each one at a time. In business, that model is not easy to scale efficiently since you cannot easily scale supply to meet expanding demand.
So, how can we help doctors, nurses, etc to serve more and improve broad quality? Use technologies to handle the administrative tasks like billing, claim management , etc, so that those professionals can focus on their core missions.
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Tekedia Capital (capital.tekedia.com) is excited to support Taxo to fix this friction as its technologies, used in Stanford Medicine, Boston Children’s Hospital and other key healthcare centers, accelerate productivity and evidential positive patient health outcome. Team, welcome: we fund innovations.
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