If you’ve ever tried to file a health insurance claim, you know it can be a complicated and time-consuming process. But what if there was an easier way? ClaimBuddy is a new startup that aims to be your one-stop solution for all your health insurance claim assistance needs. From filing to tracking to follow-up, ClaimBuddy takes the hassle out of the process for you.
This article discusses the success story of ClaimBuddy and how it is revolutionizing the industry.
Claimbuddy
When most people think of startups, they think of technology companies – the next big app or the latest invention. But there are startup companies in all sorts of industries, including healthcare. Claimbuddy is a healthcare startup that provides a digital infrastructure to hospitals and other healthcare providers. This allows them to manage their patients and resources better. Claimbuddy is making a significant impact in the healthcare industry.
There’s no denying that the process of filing an insurance claim can be daunting and time-consuming. This is where Claimbuddy comes in – it helps you through every step of the claims process, from start to finish. Alumni of IIM-Bangalore founded ClaimBuddy, and are committed to making the claims process as hassle-free as possible for their customers.
When they go to the doctor or hospital, most people know that their insurance will foot at least part of the bill. What many don’t realize, however, is that the process for submitting and getting reimbursement for these services can be very complex. This is where Claimbuddy comes in.
If you’re looking for a reliable and user-friendly way to manage your insurance claims, look no further than Claimbuddy. Whether you’re a policyholder, insurer, or TPAs, ClaimBuddy has the tools and features you need to make managing your claims a breeze. The startup has processed claims of more than 100 crores and is working with120+ hospitals. The startup’s technology provides a modular, scalable and configurable platform.
Business Model
Since the day ClaimBuddy first opened its doors to the public, it has been committed to providing quality service and customer satisfaction. In fact, this commitment is one of the reasons why ClaimBuddy has thrived in the industry. The company operates on a B2B, B2B2C business model, allowing it to provide excellent service to its business and consumer customers alike. Whether you’re a business customer looking for assistance with your insurance claims or a consumer looking for help filing a claim, Claimbuddy is here and knows what it takes to get the job done right.
Their business model helps them reach more people and make sure that their product is available to everyone who needs it. Their goal is to make sure that you get the best possible service, and they are always looking for new ways to improve how they work. Claimbuddy wants to help you get the most out of your insurance policy, and they are excited about the future of their company.
Timeline
In 2020, Claimbuddy was incorporated in Gurgaon with a founding team of 5. The company’s mission was to make it easy for people to file insurance claims by providing a user-friendly platform that walks claimants through the process. With Claimbuddy, there’s no need to waste time on the phone or online with customer service representatives. Simply enter your policy information, and its platform will take care of the rest.
In 2021, Claimbuddy announced that it had raised a pre-seed investment round from Titan Capital. The company planned to use the funding to continue developing its product and expand its team. This was great news for Claimbuddy and for anyone who has ever had to make a claim – which is pretty much everyone. With more resources available, Claimbuddy can continue making the process of filing a claim more straightforward and faster than ever before.
Since its inception, Claimbuddy has processed claims worth more than Rs 15 crore. The company started with a team of 5 people and has grown to a team of around 61-100 people. The company has helped hundreds of people get their rightful insurance claim settlements.
The journey so far has been nothing short of amazing, and ClaimBuddy is looking forward to helping even more people in the future.
Founders
Khet Singh
Co-founder of claim buddy Khet Sigh has an MBA from the Indian Institute of Management and a bachelor’s degree from Delhi University. He has previously worked at the Urban Company in Gurgaon, where he started as a Business development specialist in June 2016 and left the company as a Category Manager in Aug 2018. He was also the founding team member of Prystin Care, a startup launched in Aug 2018.
Ajit Patel
Ajit Patel has a Masters degree in Business Administration from the Indian Institute of Business and Management Studies. He has worked as a senior audit manager at E-Meditek Global Pvt Ltd for three years and as Head of Insurance at Suryadeep Hospital for four years.
Final Word
ClaimBuddy is a company that can revolutionize the health industry because of its cutting-edge technology and its commitment to helping people. By combining these two factors, ClaimBuddy has the potential to make a real difference in people’s lives. Its innovative technology makes it possible for people to get the care they need, and its dedication to helping others sets it apart from other companies in this field. This combination of factors makes ClaimBuddy an essential player in the health industry and one that we should all keep our eyes on.
Their success story is one to be remembered, and their impact on the future of healthcare will be felt for years to come. ClaimBuddy is a prime example of how innovative thinking and cutting-edge technology can revolutionize industries. Its founders recognized a need in the health industry and created a solution that not only fills that need but does so in an efficient and user-friendly way.
