What it is advisable to know:

– Osigu, an AI-powered healthcare claims and income administration platform in Latin America and the Caribbean, raised $25 million in Sequence B funding led by IDC Ventures, with strategic participation from Visa.

– Visa's strategic funding and partnership will drive the event of real-time cost options for healthcare suppliers.

Addressing inefficiencies in healthcare funds

The healthcare business in Latin America and the Caribbean faces important challenges in cost and claims processing. These inefficiencies result in delayed funds, excessive administrative prices and an absence of economic transparency, impacting each healthcare suppliers and sufferers.

Osigu's AI-powered platform

Headquartered in Miami, Osigu has established itself as a frontrunner in healthcare expertise in Latin America. Osigu's platform is the primary totally digital, AI-powered end-to-end income cycle and claims administration resolution in Latin America. The platform:

• Connects key stakeholders: Seamlessly connects healthcare suppliers, payers and sufferers.
• Reduces errors: Makes use of AI and automation to attenuate errors and enhance knowledge accuracy.
• Improves info movement: Streamlines communication and knowledge trade between stakeholders.
• Addresses business challenges: Addresses key points corresponding to monetary and operational inefficiencies, lack of standardization and traceability.

Visa's strategic investments and partnership

Visa's funding in Osigu underlines its dedication to driving innovation in healthcare funds. The partnership between the 2 corporations will leverage Visa's superior funds infrastructure and Osigu's deep experience within the LATAM healthcare market to develop options that optimize and automate healthcare funds in real-time.

This collaboration will introduce progressive cost options that:

• Speed up funds: Facilitate real-time funds to healthcare suppliers, enhance money movement and scale back monetary strain.
• Enhance transparency: Present suppliers with complete cost info and perception into cost schedules.
• Enhance effectivity: Cut back errors and administrative overhead related to conventional cost processes.

International footprint

This innovation has led to fast growth into key regional markets together with Mexico, Central America, the Dominican Republic, Colombia and most just lately Brazil. In 2023 alone, Osigu processed 1.5 million transactions, reaching a GMV of over $650 million.

“Our partnership with Visa is a sport changer for the healthcare sector in Latin America. By digitizing and automating cost processes, together with the adoption of real-time funds, we handle the business's core challenges and allow suppliers and payers to give attention to delivering high-quality care and environment friendly operations, with the boldness that funds will probably be made in a well timed method and will probably be correct. ” says Fernando Botrán, founder and CEO of Osigu.