Remedy, which argued people’s bills, folds

Filed Under: Costs, Health plans, Patients

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Remedy, a startup company that raised nearly $2 million to build a business arguing people’s medical bills for them, has folded after around two years in business. Victor Echevarria, one of the founders, wrote on Medium recently: “It is with a heavy heart that we announce the end of Remedy today. Above all, we want to thank our members for giving us the opportunity to help them. We helped people avoid bankruptcy, recover over-payments, and reduce the financial fear associated with healthcare. In total, we saved our members hundreds of thousands of dollars over the past two years, but we encountered obstacles in the healthcare system that prevented us from building a viable business. Until the industry begins respecting the rights people have to their own information, it will remain difficult for individuals and their agents to be vigilant against baseless medical bill overcharges.” Source: “The end of the road for Remedy,” Medium.