Inbox Health acquires billing transparency business: 4 things to know

CakeHealth, a billing transparency business that aggregates medical cost and insurance data, has joined patient revenue platform Inbox Health.

Here are four things to know about the acquisition.

1. CakeHealth consumer accounts are no longer accessible. However, the information CakeHealth provided to users can be accessed directly via their health insurance company.

2. CakeHealth's insurance aggregation technology will be included in future releases of Inbox Health's Benefitly product, which syncs with healthcare providers' existing scheduling system, sending patients SMS or email messages notifying them they can check-in early for their visit, both parties said.

3. Patients whose healthcare providers utilize Inbox Health will be able to sync their Inbox Health patient account with their health insurance accounts.

4. Rebecca Woodcock, CEO of CakeHealth, said of the acquisition, "In working with Inbox Health, CakeHealth can better reach users at the times they need it most, and make an impact not just on them, but help improve the workflow for their physicians, as well. There are two sides to the problems in managing healthcare costs, and we're now able to address both of those sides better than ever before."

 

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