Hi HN,
Medbill AI is hiring Founding Software Engineers! We’re building the most trusted service for reducing the time, money, and stress associated with medical bills and health insurance.
The Problem: 40% of medical bills in the U.S. contain errors, contributing to over $195B in medical debt annually. Navigating health insurance and resolving billing disputes is a nightmare for millions.
About Us: Backed by Top Investors: $17M seed round led by Forerunner, with participation from the founders of HuggingFace, Oscar Health, RocketMoney, and Tim Ferriss.
Our Team: We’re a small but mighty group of 6 engineers, including 3 former Staff Engineers from Oscar Health.
What We’re Looking For: -4+ years of experience engineering software as a product/full-stack engineer or back-end engineer. -Excited to solve complex problems in health tech and shape the technical foundation of a fast-growing startup.
Have questions? Reach out to hiring@medbill.ai or apply at
https://jobs.ashbyhq.com/medbill-ai?utm_source=d9ljn0qBe4
Looking forward to hearing from you!
As I understand accounting, this means that reported profits would be higher, and therefore incur more corporate income tax liability. Cash flow isn't effected besides tax.
A startup isn't likely to be making a profit yet, under either accounting rule. Is there a benefit to reporting a larger loss?
My first thought is that this effects Google and suchlike, not startups. But... assuming steady state "r&d" expenditure... it's not that much. Everything gets deducted within 5 years anyway.
So... maybe this hinders more modestly profitable, and fast growing companies most. Those that can't afford to carry 5 years worth of paper profits as easily.
Otoh... I am curious about how the difference between r&d expenses and operational ones are determined irl.
This should be quantifiable. How much extra assets are software companies actually booking?
It seems questionable that this "silent killer" had actually affected employment so much.