Over $1tn is spent on medical admin in the US. Taxo (YC S24) is building AI software to ensure physicians spend more time with patients than paperwork.
Taxo (YC S24) integrates with electronic health records (EHRs) to automate medical billing and coding. Its AI-powered solution reduces the time and cost of claims processing by 90%, enabling providers to focus on patient care rather than administrative tasks. In 2023, the U.S. healthcare system spent $4.8 trillion, with over 35% of costs attributed to administration, much of which stems from the need to manage vast amounts of unstructured and fragmented data. This situation results in healthcare professionals spending more time on paperwork than on patient care, which reduces service capacity, delays treatment, and drives up costs. Ahmed Kerwan, a practicing physician, experienced firsthand the immense burden of paperwork that detracted from his ability to provide care. Determined to find a solution, he pursued a fellowship at Harvard to explore the intersection of AI and healthcare. He then partnered with Hassan Tahir, a leading deep learning engineer specializing in state-of-the-art transformer models. Together, they created Taxo, a platform that has already enabled dozens of providers to process thousands of patient cases more quickly and cost-effectively. Congrats to the team on the launch! ?? https://lnkd.in/gNqvUHSG