Mobile Commerce

‘Uber For Health Care’ Gets Funded

In the fast-growing, service-on-demand industry, can health care be left far behind? Well, not anymore.

Uber’s cofounder, Oscar Salazar, has raised $14 million to expand his new health care venture Pager, a doctor-on-demand service, which is currently serving New York City and soon plans to expand to San Francisco and Los Angeles.

The investment money has been raised from Ashton Kutcher-owned Sound Ventures, New Enterprise Associates, Goodwater Capital, Lux Capital and Montage Ventures, according to Forbes.

The new app-based service, which promises a doctor’s visit within two hours of a request, charges $50 for an urgent care visit and $200 for any visits after that, $100 for a physical and $25 for a phone consultation. The service is currently being offered out of any insurance network.

“Pager is focused on delivering a broader range of care options on demand” than exist today, Pager’s CEO Gaspard de Dreuzy told Forbes. “It could be a tele-consult via phone or messaging or an in-person visit in the home or a referral to the right specialist. We like to think of ourselves as the Amazon for health care.”

The on-demand service might aspire to be the Amazon of health care, but its business model is certainly built up more in an Uber-like style.

The service locates and verifies doctors in its network and automatically bills the patient’s credit card associated with the Pager account. Just like Uber’s five-minute cancellation policy, which charges app users for canceling past five minutes of ordering, Pager charges a $10 cancellation fee for canceling an appointment more than five minutes after requesting it.

While Pager might be yet another on-demand service in the market, it is also an addition to Salazar’s growing list of Uber-like companies trying to disrupt various industries.

“I don’t build companies. I help people build companies,” he said. “It’s part of my strategy to work with companies like Uber because I can do my job faster, and I want to have value to add.”

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New PYMNTS Report: Preventing Financial Crimes Playbook – July 2020 

Call it the great tug-of-war. Fraudsters are teaming up to form elaborate rings that work in sync to launch account takeovers. Chris Tremont, EVP at Radius Bank, tells PYMNTS that financial institutions (FIs) can beat such highly organized fraudsters at their own game. In the July 2020 Preventing Financial Crimes Playbook, Tremont lays out how.

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