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.
Jeanne Pinder is the founder and CEO of ClearHealthCosts. She worked at The New York Times for almost 25 years as a reporter, editor and human resources executive, then volunteered for a buyout and founded ClearHealthCosts.
She was previously a fellow at the Tow Center for Digital Journalism at the Columbia University School of Journalism. ClearHealthCosts has won grants from the Tow-Knight Center for Entrepreneurial Journalism at the Craig Newmark Graduate School of Journalism at the City University of New York; the International Women’s Media Foundation; the John S. and James L. Knight Foundation with KQED public radio in San Francisco and KPCC in Los Angeles; the Lenfest Foundation in Philadelphia for a partnership with The Philadelphia Inquirer; and the New York State Health Foundation for a partnership with WNYC public radio/Gothamist in New York; and other honors.
Her TED talk about fixing health costs has surpassed 2 million views.