Startup Spotlight: UAE-Based Healthcare Fintech Klaim Focuses On Maintaining The Human Touch As It Continues To … – Entrepreneur

Startup Spotlight: UAE-Based Healthcare Fintech Klaim Focuses On Maintaining The Human Touch As It Continues To … – Entrepreneur

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When Karim Dakki and Ahmad Ghafour launched Abu Dhabi-based fintech startup Klaim in December 2019, there was one clear goal the duo had set out to achieve: solve delayed and/or rejected insurance claim payments for medical providers in the UAE. "The birth of the company was formed over a casual meeting among friends who shared a common entrepreneurial passion and personal interest in the medical sector," Dakki, who is also Klaim's CEO, recalls. "After learning that healthcare providers are suffering from insurance claims due to the complicated claim filing process, rejections, and payment delays, a revolutionary concept was born. The emergence of the concept and transformation of the healthcare system by presenting a solution to a problem faced by healthcare providers resulted from the exchange of various ideas and perspectives."

Klaim

Karim Dakki, co-founder and CEO, Klaim

Klaim's business model involves a multi-step process. First, healthcare providers must create an account with Klaim, following which the entity's financial performance is vetted- this is done using Klaim's tech-driven platform, which assesses and buys low-risk claims (have a high chance of being paid by the insurer), and rejects claims that offer high risk. Following this,