See the 19-slide presentation that got General Catalyst to back a startup tackling a $25 billion problem for hospitals
Plus, consolidation among hospitals and health systems has in many cases made the process of managing revenue much more complicated, said Akash Magoon, who serves as Adonis's CEO.multiple practices, those practices have their own systems for scheduling and medical records in place already, and it can be difficult to reconcile those disparate systems with one another, he said.
The idea behind Adonis' tech is to integrate with electronic health records systems to automate how claims get assembled and submitted to insurers. That would simplify the process for providers — and aim to help them secure the money they might've lost out on otherwise. Adonis provided Insider with the 19-slide presentation it used to land its Series A in May. The startup removed details about Adonis's revenue and growth rates from the deck before sharing it with Insider.Adonis provides tech to automate the process of how healthcare providers get paid for their services by insurers.
Adonis' health system customers include ApolloMD and Baptist Health of South Florida, according to the founders.Adonis estimates it could capture up to $52.8 billion in revenue, based on its pricing and the pool of potential customers.
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