As a former financial analyst and options trader, Brett Plotzker noticed that healthcare benefits and payments in the US simply didn’t make sense. The U.S. spends over $300 billion per year on the administration of healthcare services — yet no one can understand exactly what going to the doctor actually costs. Insurance company policies and procedures are a major culprit, gobbling up time and resources while doing little to advance patient care. After being immersed in a world where complex derivatives are settled daily, and then observing that a simple insurance claim could take 180 days to get paid out (and how helpless that is to a consumer), he realized that something was off. After experiencing how these problems affect consumers first hand on multiple occasions, he knew it needed to be fixed.
Brett co-founded Patch to make paying for healthcare more transparent and straightforward. One day, he hopes patients won't need to worry about whether they are “in-network,” what their “co-pay” is, or what portion of their “deductible” they’ve met. They’ll simply seek the care they need without worrying if their bill will change.
Brett is co-founder and CEO of Patch, a point-of-sale software, providing real-time price transparency and streamlined insurance benefit processing for the purchase of healthcare services. He holds an MBA from the University of Chicago Booth School of Business and a BBA from the University of Texas at Austin McCombs School of Business.