What is Absolute Solutions?
Absolute Solutions operates a national network of over 2,500 hospitals, facilities, and medical centers, offering access to high-quality diagnostic tests at reduced costs. The company's core offering is a unique scheduling service designed to streamline diagnostic radiology referrals for insurance professionals, patients, providers, and physicians. By managing a network and facilitating efficient scheduling for services such as MRI, CT, EMG, and PET, Absolute Solutions aims to deliver substantial savings, reportedly up to 60% below state fee schedules or usual customary charges, with an average saving of over $650 per referral in 2016. The company emphasizes prompt service, detailed reporting, and follow-up to assist in claim resolution, positioning itself as a solution provider that saves clients both time and money without administrative fees.
How much funding has Absolute Solutions raised?
Absolute Solutions has raised a total of $150K across 1 funding round:
Debt
$150K
Debt (2020): $150K with participation from PPP
What's next for Absolute Solutions?
The recent major strategic investment signals Absolute Solutions' intent to further leverage its established network and scheduling technology. As a company operating within the large-scale late-stage funding landscape, this capital infusion is likely earmarked for initiatives such as expanding its service offerings, enhancing its technological infrastructure, increasing its market penetration across the United States, or potentially exploring strategic partnerships. The focus on strategic investment suggests a move towards solidifying its competitive advantage and accelerating its growth trajectory in the cost-sensitive diagnostic radiology referral market.
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