IOUSOS by Gloubefunder presented at Finovate. IOUSOS is a medical bill collections portal. I was a bit surprised at first, but I suppose if you find a willing partner and you can provide the service then why not. It is an interesting idea.
My only question was if this become wildly successful won’t it become standard practise for people to wait until IOUSOS has their account?
… I just got the following email from them:
Please feel free to visit IOUSOS™ (www.iousos.com), the revolutionary online medical bill clearinghouse, where in less than 3 minutes, patients can register, accept a discounted medical bill from their provider, pay, and move on with their life.
Last week, IOUSOS™ was in San Francisco as one of twenty-eight financial technology companies selected nationally to demo at the Finovate conference (www.finovate.com – a link to our live demo will be available soon!). Here is a recent article in the Wall Street Journal about Finovate and IOUSOS™: http://blogs.wsj.com/wallet/2009/04/28/finovate-startup-2009-preview/.
Healthcare providers, medical billing companies, financial institutions and other consumer organizations are looking to IOUSOS™ as a new, low cost, compassionate way to help manage the consumer crisis in unpaid medical bills, now totaling more than $200B each year, and rising fast in these challenging economic times. Helping healthcare providers and their patients clear up medical bill problems offers a significant benefit to all of us, slowing down the increase in home foreclosures and the more than 500,000 consumer bankruptcies each year that are caused by unpaid medical bills. More than 20 healthcare providers and other partners are joining our network, with additional caregivers joining each day.
To accelerate the growth of the IOUSOS™ healthcare provider network, we are announcing the launch of a national sales associate program to expand relationships with new caregivers who are increasingly struggling with the financial toll of unpaid patient bills, inefficient technology and tarnished reputations from harsh patient bill collection practices. IOUSOS™ helps both patients and healthcare providers eliminate medical bills with no up-front costs. Please feel free to review more details about the Associate Program at http://www.globefunder.com/files/IOUSOS_AssociateProgram.pdf. You can also learn more about IOUSOS™ at http://www.globefunder.com/Files/IOUSOS_Product_Summary.pdf.
We look forward to discussing further how you can join with us to reduce the crisis in medical debt affecting more than 21% of Americans today. Let’s make an impact!
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