Air Doctor, an Insurtech for travelers to find local doctors, has raised $3.1 million in seed funding, according to a company release.
Air Doctor states that insurance companies will no longer need to collect receipts and reimburse patients with their cash-free service.
“By focusing on patient care, we have been able to reduce the cost per claim by an average of 60% thanks to accessibility to private office visits which cost significantly less than a hospital Emergency Room visit,” said Yuval Zimerman, Director of Marketing & Global Partnerships at of Air Doctor. “Patients feel confident accessing a global network of reputable doctors who may treat patients in their private offices, in a language they understand.”
Air Doctor explains that paperwork, communication, and payment confusion can be costly for insurance companies who have no formal ties to the local healthcare providers. Air Doctor seeks to organize this process, helping providers manage expenses while saving the patient from feeling isolated and confused while abroad.
“We are proud to provide this new boosted revenue stream with a seamless experience which connects insurers, doctors, and patients. We are seeing a new era of traveler healthcare, shifting from overwhelming, expensive hospital visits to excellent low-cost community care,” explained Zimerman. “Insurance providers now have access to a global network of doctors who stand ready to accept international patients. It is a win-win that has helped providers to have a positive impact on patient care.”