Sramana Mitra: What is your business model? Do you charge a percentage? Matt Barrie: We take a commission from the employer. We take 3% of the payments made or $3, whichever is higher. From the worker, we take 10% or $5, whichever is higher. But we do have a membership subscription package where if you
Sramana Mitra: How many freelancers are in the system? Matt Barrie: We have more freelancers on our site than any other marketplace in the world. The mix is about, three quarters freelancers and one quarter who are our employers. SM: What can you tell me about the employers? What kind of employers from what countries,
Websites for freelancers abound on the Internet. From oDesk to Elance to Guru, there’s something for everybody, it seems. And each has its own way of doing business. With the Sydney, Australia–based Freelancer.com, for example, an employer pays a contractor only when he’s satisfied with the work the contractor has done. That could explain why
Sramana Mitra: How many insurance companies are there in the United States? Jason Beans: I don’t know. There are about 150 licensed insurance companies doing workers’ compensation. But that’s only in the States. A lot of the insurance companies are forming captives or off-shores in tax havens like the Cayman Islands or Bermuda. There are
Sramana Mitra: How many physicians do you have in your system right now? Jason Beans: We have, according to our database, more than 500,000 physician locations. Now that’s inflated in my mind, because if a doctor treats at four different locations, each location will be registered. If she is an individual doctor in our group and also practices as a part
Sramana Mitra: When you look around in the healthcare IT space, what do you see in the landscape that is competitive to you, that you’re going to have to be aware of and counter? Jason Beans: I see that it is very competitive. A lot of people trying to solve the same problems as I am.
Sramana Mitra: I guess, what I’m trying to understand is – one of the case studies I know inside out is the Athenahealth story. Their business model is actually very simple. They work on behalf of the physicians, and they have all these rules engines for coding and everything, and they do collections on behalf
Sramana Mitra: What do you think is the core differentiated value in what you do? Is it more the rules engine that helps you determine what is to be approved and what is not to be approved? Jason Beans: That is a differentiator. I wouldn’t say it was the number one, just because if people