Introduction to Taxo

Taxo is a startup founded by British doctor Ahmed Kerwan, who was shocked by the amount of paperwork he had to deal with as a physician. He decided to create a solution to reduce the administrative burden in healthcare, and thus Taxo was born.

The company has developed an app that uses AI to help doctors and other healthcare professionals with tasks such as prior authorizations, patient intake, and medical billing. What sets Taxo apart from other startups in the space is its AI 'reasoning engine', which provides transparent explanations for its decisions.

The Reasoning Engine

The reasoning engine is built on top of existing models like OpenAI's and Anthropic's, with a healthcare-specific layer added on top. This allows the engine to provide detailed explanations for its decisions, which helps build trust with doctors. The engine has been trained on hard-to-access healthcare data, making it difficult for others to replicate.

The use of the reasoning engine has led to impressive results, with prior authorization approval rates increasing to 98%, compared to an industry average of about 80%. This has the potential to significantly reduce the administrative burden in healthcare, allowing doctors to focus more on patient care.

Funding and Future Plans

Taxo has recently closed a $5 million seed round led by Y Combinator, General Catalyst, and Character Capital. The company plans to use this funding to further develop its technology and expand its customer base. With its innovative approach to healthcare administration, Taxo has the potential to make a significant impact in the industry.