Candid Health

Candid Health is a healthcare technology company focused on revolutionizing the medical billing process in the US. The company's primary offering is a platform that automates revenue cycle management for healthcare providers. Candid Health's technology aims to address the inefficiencies in the current healthcare billing system, which reportedly costs USD 280 billion annually. The company's solution processes various types of claims with low denial rates, leveraging advanced machine learning techniques and a robust information architecture. Candid Health's founders, who have experience from Palantir, developed the system by first learning the billing process manually to ensure its effectiveness. The company positions itself as a potential infrastructure layer for healthcare billing, similar to what Stripe or Shopify are for ecommerce. Candid Health's platform is designed to lower entry barriers for new healthcare startups and potentially facilitate a shift from fee-for-service models to value-based care in the US healthcare system.