About Us
The story and timeline of Kareo's web-based medical billing software
Kareo was founded by our CEO, Dan Rodrigues, in 2004 with a vision of simplifying medical offices with web-based medical billing software that replaces the expensive and complex medical billing and practice management systems doctors have today. Kareo has since created the most user-friendly, easy-to-buy, and easy-to-setup software on the market offering immediate benefits with reduced risks and costs.
Company Timeline
| February 1, 2004: | Kareo, founded by entrepreneur Dan Rodrigues, begins development of its web-based medical billing software and practice management application. |
| June 1, 2004: | Kareo announces successful deployments to over 40 practices that agree to beta test its web-based medical billing software. |
| February 1, 2005: | Kareo announces partnership with MedAvant Healthcare Services to deliver electronic medical claims to insurers from Kareo. |
| April 1, 2005: | Kareo launches the first commercial version of its web-based medical billing software, initially targeting medical billing companies exclusively. |
| April 21, 2005: | Kareo showcases its new service at the Healthcare Billing and Management Association (HBMA) conference in Phoenix. |
| April 25, 2005: | Kareo receives an investment from Minor Ventures, the investment fund established by successful Internet entrepreneur and investor Halsey Minor. |
| September 21, 2005: | Kareo showcases new features at the Healthcare Billing and Management Association (HBMA) conference in Chicago. |
| October 13, 2005: | Kareo introduces its web-based medical billing software to members of the American Medical Billing Association (AMBA) in Las Vegas. |
| November 6, 2005: | Kareo launches a major update to its service with insurance contract management and workers’ compensation features. |
| December 21, 2005: | Kareo introduces new document management features enabling customers to eliminate their paper files by storing documents securely online. |
| January 9, 2006: | Kareo announces partnership with PSC Info Group to offer integrated patient statement printing and mailing services to customers. |
| March 5, 2006: | In partnership with CodeCorrect, Kareo launches code scrubbing technology that checks medical claims against insurer’s reimbursement rules. |
| April 2, 2006: | Kareo showcases new code scrubbing technology at the American Academy of Professional Coders conference in St. Louis. |
| May 17, 2006: | Kareo receives a second investment from Minor Ventures, the investment fund established by successful Internet entrepreneur and investor Halsey Minor. |
| July 26, 2006: | Kareo introduces kFax, a service that assigns a fax number to every medical that can be used to scan documents into Kareo from any fax machine. |
| August 27, 2006: | Kareo launches a major update to its service with a redesigned scheduler featuring advanced scheduling rules for physicians. |
| October 15, 2006: | Kareo signs its 100th third-party medical billing service, a customer base providing outsourced billing services to thousands of physicians. |
| November 1, 2006: | Kareo announces partnership with Gateway EDI to deliver electronic medical claims to insurers from Kareo's web-based medical billing software. |
| January 8, 2007: | Kareo introduces service to receive and automatically post and reconcile electronic insurance payments. |
| January 31, 2007: | Kareo introduces real-time eligibility checks enabling customers to verify insurance benefits in a fraction of the time of doing so by phone. |
| March 31, 2007: | Kareo launches new help and support website offering customers hours of training videos, online help and documentation, and other resources. |
| June 16, 2007: | Kareo launches major update to its service with automatic patient statement enrollment, insurance rejection guides, new reports, and more. |
| August 12, 2007: | Kareo introduces a user community message board to provide customers a forum for sharing tips, getting peer support, and sharing industry information. |
| November 17, 2007: | Kareo launches an update to its service enabling customers to schedule the automated delivery of email reports to physicians. |
| January 1, 2008: | Kareo extends beyond third-party medical billing services to begin offering its service directly to small and medium sized physician practices. |
| December 19, 2008: | Kareo releases a custom reporting engine that enables customers to query data from their account and build advanced reports and charts. |
| April 1, 2009: | Kareo releases an integration API that enables customers to interface Kareo's web-based medical billing software with third-party applications such as EMR systems. |
| May 6, 2009: | Kareo releases redesigned scheduler with split-screen provider calendars, eligibility checks through Gateway EDI, and much more. |
| November 6, 2009: | Kareo releases real-time insurance eligibility enhancements, simplified provider & group number configuration settings, and various reporting enhancements. |
| December 19, 2009: | Kareo releases email appointment reminder enhancements and a new tasks & ticklers module. |
| April 30, 2010: | Kareo releases support for insitutional paper claims in the UB-04 format along with other enhancements. |
| May 27, 2010: | Kareo releases free electronic health record (EHR) option in technology integration and co-marketing partnership with Practice Fusion. |
| June 28, 2010: | Kareo releases encounter screen layout customization and 25 timesavers and other tools that make Kareo even easier to use. |
| August 20, 2010: | Kareo begins institutional electronic claims beta program and adds over 30 timesavers and other tools to make Kareo even easier to use. |
| September 15, 2010: | Kareo receives a $9.5 million investment from Boston venture capital firm OpenView Venture Partners |
| October 1, 2010: | Kareo releases performance enhancements and other time-savers to improve customers' experience. |
