A YC company grew 17x and hit seven figures in ARR in under a year by not selling software. It does the fax, referral, scheduling, and collections work instead.
15-25% of specialty referrals never get scheduled at all. Not lost to competition. Lost to intake paperwork. One client had 4,800 referrals sitting in Epic for 4 months.
Payers denied more claims in 2025 than 2024. Up to 65% of denials are never appealed. Not because practices win, but because the appeal costs more than the claim.
The comp is Tennr: $101M Series C, $605M valuation, 10M docs/month. Fax-to-$605M in about 15 months tells you how much capital is hunting this exact problem.
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