MedPilot wants to change the way patients pay for healthcare. The company identified two main issues with medical billing: patients often never see the bills, and bills can also be too high for patients to afford.
Instead of getting statements through the mail, MedPilot sends their users email or texts when payments are due. And if you aren’t able to pay on time, the company’s software creates a customized payment plan based on your income.
MedPilot’s co-founder Rakinur Alam and chief technology officer Leonard Law both graduated from the Tandon School of Engineering. Tandon’s “i2e” motto, which stands for “invention, innovation, and entrepreneurship,” encouraged Alam to build his own company.
“An idea is just an idea until you execute on it,” Alam said in an email. “At NYU we were encouraged to execute on our idea rather than just dream about it.”
Advice to college entrepreneurs
If you’re an NYU student dreaming of a startup, Alam said you should start working on it while in school.
“It takes the right team to take an idea and turn it into a company,” Alam said. “I would like to suggest to all future entrepreneurs to network with people, make friends and don’t be afraid to share your ideas. You might just find your first partner in crime, and together you can build the next big thing.”
A version of this article appeared in the Monday, March 7 print edition. Email Kendall Levison at [email protected]