The $280 Billion Medical Billing Mess: A System in Need of Radical Reform The recent $120 million funding round for Candid Health has brought attention to the inefficient and expensive medical billing system in the United States.
With annual recurring revenue growing 190% year over year, Candid's valuation has tripled, but what does this mean for the millions of Americans affected by the $280 billion medical billing mess?
At its core, medical billing is a complex data integration problem exacerbated by decades of bad incentives and outdated technology.