RBC Ventures aims to ease the pain for physicians by acquiring Dr Bill.
Specifically, Dr Bill simplifies and streamlines medical billing with a mobile-first platform that allows for on-the-go claims and direct payments.
Dr Bill launched in 2014 to make billing on the go easier by doing away with paper notes and daysheets.
Currently available in Ontario, British Columbia and Alberta, Dr Bill provides doctors with a user-friendly mobile billing platform.
Moreover, it offers dedicated live agents, to deliver an industry-leading billing success rate.
In particular, it provides a modern-day solution that is ideal for physicians who are just getting started. For established physicians, it optimises billing processes that need to be modernised and streamlined. The result is a more efficient medical practice that enables physicians to spend more time on patient care.
RBC Dr Bill acquisition: supporting the medical community
“Dr. Bill, a best-in-class physician billing platform. It helps create a better experience for healthcare providers who are seeking an easier, more convenient billing system. Going beyond banking to provide value-added products, services and capabilities is at the core of RBC Ventures. Dr Bill differentiates how RBC is supporting the medical community,” says Alison Chick, VP, B2B & Health Ventures, RBC Ventures.
Steve Lionais, Dr Bill’s co-founder adds: “Physician billing is often still paper-based and inefficient. This can lead to errors and unnecessary administrative overhead. I saw this first-hand watching my wife do her billing in the evenings. Instead of enjoying her time away from work, she was spending hours sorting through stacks of paper.”
RBC Healthcare launches RBC Healthcare Advantage
Dr Bill complements RBC Healthcare’s current offering. It provides a tailored solution to support physicians, targeting a major pain point: billing. Billing for patient care is a key function to running a practice. RBC Healthcare recently launched RBC Healthcare Advantage, a membership programme helping healthcare professionals at all stages of their careers.
RBC Healthcare Advantage plan members will receive an exclusive discount on Dr Bill’s services.