One of the biggest roadblocks to reducing costs in the American healthcare system is the system’s inherent lack of transparency. Most healthcare networks and hospital systems can’t accurately account for the doctors they manage and which insurance plans those doctors accept. This leads to poor decision making and referrals, and approximately a third of healthcare spend is wasted as a result.

Ribbon’s SaaS offering collects data on what doctors and health plans can offer and who they work with in terms of insurance coverage. Essentially, it’s an API-based nationwide healthcare directory created to bring more transparency, increased efficiency and better decision making to in-person healthcare.

Ribbon already counts Oak Street Health, Well, and fast growth telehealth startup, Ro, among its clientele. It has raised tens of millions in funding from investors such as Andreessen Horowitz and Y Combinator, and has used this impressive backing to expand its sales and marketing efforts in order to increase adoption, as well as pushing for transparency in healthcare costs.