Eligible secured $2.3 million in funding, according to an SEC filing. Said filing doesn’t specify whether the amount includes $1.5 million seed money which the company raised from AngelList and SecondMarket investors. These investors included David Lee, Esther Dyson, Anvil Capital’s Michael Liou, Accenture Managing Director Anand Swaminathan, and Andreessen Horowitz, according to Pando Daily.
Eligible offers the REST API(s) that allow health tech companies to add a streamlined insurance eligibility check feature for doctors and patients. The APIs also support different transactions, including eligibility, policy, coverage, demographics, authorizations, coordination of benefits, claims, payments and more.
The company charges five cents per transaction for the first 250,000 hits, with the price dropping the more the API is used.
Eligible’s customers include Kareo.com, care coordination company Remedy Partners, diagnostic imaging service RadNet, healthcare payment app Simplee, and fitness incentive platform EveryMove.