As a successful entrepreneur, Bipin Agarwal’s passion is to create products and services that will positively impact the corporations and people he works with. His depth of experience from consulting, to large healthcare companies, allowed him to understand the economics of healthcare. It also gave him insights into how healthcare expense burdens continue shifting to the consumer. This, combined with personal experience and market research, gave him an in depth understanding of how healthcare expenses are not only a source of great financial distress, but also the leading cause of bankruptcy for Americans.
Each and every one of us has met someone, a friend or family member, who has experienced unexpected, life changing illness and health problems. Most people operate under the impression that healthcare insurance will provide the financial coverage to meet these life changing experiences. However, people faced with these health challenges quickly discover that this is simply not the case. As their healthcare costs increase, out of pocket expenses increase as well. Individuals quickly discover that many expenses are not covered by their healthcare, and more and more of the expenses are their financial responsibility.
When Bipin Agarwal met Ann McGurty, she had recently experienced a life changing illness. Ann McGuarty, a successful Marketing executive was bustling with life until she heard the bad news. Everything changed overnight for Ann when she was diagnosed with aggressive cancer & forced to quit her job for treatment. Her treatment went on for 2 years, until she was finally declared cancer free. In the meantime, her healthcare bills were so high that she found herself in deep financial trouble. Ann never thought about saving for future healthcare expenses & now her whole lifestyle was in jeopardy.
Experiencing Ann’s struggles, Bipin concluded something needed to change. Consumers needed more transparency and control of their healthcare costs. Americans should be able to easily understand, plan and manage their healthcare expenses. In this age of accessible data, there is no reason for an individual to experience financial hardship due to healthcare expenses.
As he researched the problem, he realized that Americans were not budgeting or saving for healthcare. Most people did not understand the need to save for future healthcare expenses. Healthcare plans were rapidly changing with out-of-pocket expenses and deductibles growing at a rapid pace. Bipin realized that people needed a low-cost, easy to use, comprehensive way to plan for these expenses. A consumer based approach that is designed for individuals and families, independent of the healthcare insurance industry.
Bipin & his team analyzed the problem, consulted with experts in the area of healthcare spending, actuarial and other experts to create statistical models to help forecast healthcare expenses for short, medium, and long term. Through the use of prior expense data and by embedding prior healthcare knowledge, they were able to create projections for lifetime healthcare expenses.
DZee Healthcare Solutions was launched with the vision of helping individuals and families Plan, Manage and Fund their healthcare expenses. The DZeePlan product, implements a one of a kind Big Data engine that predicts individualized future healthcare costs & savings plans. DZee Plan also analyzes and compares healthcare plan options and recommends the best option to meet the individual consumers healthcare needs.
DZee is committed to providing the consumer and our corporate partners the most comprehensive and accurate predictor of healthcare expenses for the short and long term.
DZee Plan takes the guess work out of healthcare planning and expenses.