The Cash-Based Practice Podcast
Business:Management & Marketing
CBP 108: How Your Patients Can File Out-Of-Network Self-Claims in Less Than 1 Minute—with Vatsal Thakkar
I’m so excited to share this tool and the fascinating story of how it came to be. It’s not every day a NYC psychiatrist finds himself in the software business, disrupting the insurance and claims industry!
When Vatsal Thakkar first opened his own practice, he decided on the cash-based model because he wanted to spend more time with each patient. He found the experience of helping his patients inspiring and “magical” compared with what he saw among many of his in-network colleagues who had to see 20-30 patients a day!
Throughout the years, Vatsal found ways to streamline the process of filing out-of-network reimbursement claims for his patients. He discovered how incredibly valued this service was to his time-starved patients and how much additional business it was bringing in for the practice. It was clear there was a need for something to help patients get their out-of-network reimbursements, so he decided to sell his practice and create a system that would simplify this convoluted process. The result is Reimbursify, an app that can file a reimbursement claim for virtually any insurance plan in less than a minute!
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