Phi Health
Stage
Series A | AliveTotal Raised
$2.84MLast Raised
$2.84M | 15 yrs agoAbout Phi Health
PHI Air Medical is an air ambulance provider in the United States, providing emergency medical transport services. The company offers air medical services for the transportation of patients via helicopter and has financial advocacy and membership programs to assist patients with out-of-pocket costs. PHI Air Medical primarily serves healthcare systems and local communities. It is based in Richardson, Texas.
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Latest Phi Health News
Oct 2, 2023
Ed Uthman After Congress officially outlawed surprise medical bills last year, there’s been endless, litigious debate as to how health insurance companies and providers should settle their differences over how much to pay for out-of-network medical bills. Now, an air ambulance provider that already went through the arbitration process is suing Blue Cross Blue Shield of Arizona, which the company says won’t pay the agreed-upon amounts. The idea behind the arbitration process is to protect patients from getting slapped with massive bills when providers and insurers can’t agree on how much a given health care service is worth. Instead of billing patients for the difference, the government established an independent dispute resolution process in which a third party picks between the provider’s and the payer’s offers for a claim. advertisement This case is one of the first where the provider isn’t disputing the arbitration process itself, or the amount chosen. Instead, the air ambulance company, PHI Health, says BCBS of Arizona has failed to pay up after arbitration — even in cases where the arbitrator chose the amount the insurance company proposed. Get unlimited access to award-winning journalism and exclusive events.
Phi Health Frequently Asked Questions (FAQ)
Where is Phi Health's headquarters?
Phi Health's headquarters is located at 1876 Firman Drive, Richardson.
What is Phi Health's latest funding round?
Phi Health's latest funding round is Series A.
How much did Phi Health raise?
Phi Health raised a total of $2.84M.
Who are the investors of Phi Health?
Investors of Phi Health include Capital Southwest.
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