Opkit Analysis
What is Opkit?
Opkit built AI software that handled routine phone calls for U.S. healthcare organizations. YC described the product as automating verification of benefits, patient intake, and appointment scheduling for medical practices and telehealth companies. LinkedIn and Crunchbase later identified the company as acquired by 11x, with New York as its headquarters.
Location
New York, United States
Employees
1-10
Founded
2021
Revenue
$64K - $5M
Business Model
Subscription-based service charging for call volume and duration.
Product Features & Capabilities
- Automated health insurance verification, electronic eligibility checks, web dashboard for manual verification, JSON REST API for programmatic verification, integration with third-party tools, ongoing insurance tracking, patient-facing card-upload experience, automation of copays and deductibles verification, HIPAA-compliant and SOC 2 Type 2 certified, fast turnaround for phone call tasks.
Pricing
- Free Trial: Opkit offers a free trial, allowing users to test its features and capabilities.
- Subscription Plans: Specific pricing details are available upon request through a discovery call.
- Monthly Fee: Opkit charges customers a monthly fee for access to its platform, with multiple tiers based on usage.
Who are the founders of Opkit
SC
Sherwood Callaway
Co-Founder
JK
Justin Ko
Co-Founder
Competitors Overview
Opkit's main competitors in the healthcare AI phone call automation market include:
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Candid Health: Specializes in revenue cycle management automation, focusing on optimizing healthcare billing processes. This gives them an edge in efficiency and accuracy in billing, which is crucial for healthcare providers.
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OpenLoop: Provides comprehensive telehealth support services, including white-label clinical support. Their emphasis on telehealth solutions may attract organizations looking to enhance their remote healthcare offerings.
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Availity: Focuses on healthcare information exchange, facilitating communication between payers and providers. This specialization can enhance operational efficiency and reduce administrative burdens for healthcare organizations.
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Altris AI: While not directly competing in phone call automation, Altris AI enhances diagnostic capabilities through AI-assisted OCT scan analysis, targeting eye care professionals. This highlights a difference in target audience and functionality compared to Opkit.
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Talkie.ai: Competes in the AI voice agent space, offering conversational AI solutions. Notably, Talkie.ai has a pricing structure of $1500 per month, which may influence customer decisions compared to Opkit's undisclosed pricing.
Each competitor has unique strengths that differentiate them from Opkit, such as Candid Health's focus on billing, OpenLoop's telehealth services, and Availity's information exchange capabilities.
Investors
- Global Founders Capital
- Y Combinator
- Socially Financed
- Mischief (Zach Perret's fund)
- Rex Salisbury
Market Focus
Opkit primarily focuses on the healthcare industry, specifically providing AI-driven phone call automation solutions for healthcare provider organizations through a HIPAA-compliant software platform.
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