Crediyo is a big-data enabled startup focused on creating low APR credit products and payment plans that help patients pay their out-of-pocket medical bills.
Crediyo is creating a new p2p lending asset class with rich IRRs based on medical bills for non-elective procedures. We use alternative data sets to evaluate patients’ propensity to pay and use a custom analytics platform that creates discounted payment plans and credit products. Engaging patients with customized plans at the point of service increases their likelihood to pay, increasing provider collections on patient responsibility by 10-20%.