Wellpay to help individuals burdened by medical bills due to Coronavirus crisis

Tuesday 14 April 2020 09:52 CET | News

US-based fintech Wellpay has revealed that it will be accelerating its planned public launch, in order to help individuals who may be burdened by huge medical bills due to the COVID-19 crisis.

The company has introduced a financial hub in order to request interest-free payment options for new and outstanding medical bills. The company also aims to support free billing advocacy services.

Wellpay confirmed that it will be waiving off all platform fees or charges for healthcare service providers. Furthermore, the company has reportedly acquired USD 3.8 million in capital from several investors, including 8vc, Montage Ventures, Mubadala Capital Ventures, and TTCER. 

Overall, the platform allows patients to securely manage their medical bills through a database system, aiming to negotiate bill payment on behalf of customers. It also handles disputes and offers a zero-fees service plan, managing various payment plans, bill payment, and communication.

More: Link

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: US, Wellpay, bills, medical bills, free billing, 8vc, Montage Ventures, Mubadala Capital Ventures, TTCER, zero-fees, COVID-19, coronavirus, crisis
Categories: Banking & Fintech
Countries: United States
This article is part of category

Banking & Fintech

Industry Events