What is e-Plan?
e-Plan specializes in providing strategic solutions designed to address the complex needs of clients navigating the evolving marketplace. The company partners with self-insured payors, third-party administrators, multi-employer groups, insurance carriers, and PPOs seeking effective and customizable approaches to manage the escalating costs associated with out-of-network claims. e-Plan's distinctive methodology integrates advanced technology with proven negotiation tactics, employing a data-driven process for claim settlement. Each claim undergoes rigorous screening by proprietary software, and this data, combined with the expertise of professionally trained Settlement Specialists, enables e-Plan to justify aggressive settlement offers, thereby generating significant savings for its clients. All discounts are contractually secured, preventing balance billing issues and ensuring cost predictability. e-Plan boasts an impressive 84% success rate on submitted claim dollars, with average discounts ranging from 35-40%, and some clients achieving over 40% in savings. The company's commitment to thorough representation and rapid turnaround, averaging 3 days per claim, sets it apart in the industry.
How much funding has e-Plan raised?
e-Plan has raised a total of $150K across 1 funding round:
Debt
$150K
Debt (2020): $150K with participation from PPP
Key Investors in e-Plan
PPP
Public-Private Partnership
What's next for e-Plan?
With the recent large-scale late-stage funding, e-Plan is strategically positioned to enhance its technological infrastructure and expand its market reach. This capital injection will likely fuel further development of its proprietary claim settlement software and bolster its negotiation capabilities. The company's focus on data-driven strategies and provider relationship management is expected to drive continued success in reducing out-of-network claim costs for its partners. Future initiatives may include exploring new market segments or enhancing service offerings to further solidify its competitive advantage in the healthcare cost containment sector.
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