I’m assisting an adventure capital group called Pul 63, which focuses on the Philippine market. It was started by an engineer based in the Philippines who exclusively invests in healthcare startups. I asked to see their startups, and he had about 30 companies under his umbrella. One that caught my eye was a claims system, which is a very simple solution. It learned the rules of the Philippine Health Insurance Corporation, but he didn’t know how to sell it to them. So, I became their business development advisor.
I said, “Look, I think I can help you generate revenue from your product.” I structured it so that PhilHealth uses the platform as their claims management system. All claims from every provider in the Philippines are checked at the provider's site before they are sent out electronically or physically. The claims are validated by AI using PDF files, images, and data related to the procedures. The billings are all scanned PDFs that are easily fed into our cloud-based system.