DaisyBill is Featured Startup on CNBC's "Power Pitch"

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Panelists on CNBC’s "Power Pitch" go all in on workers' compensation e-billing startup DaisyBill.

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DaisyBill is the solution to the 28 billion dollar workers’ compensation market.

DaisyBill was the recently featured start-up company on CNBC’s “Power Pitch” segment of the popular show Power Lunch. DaisyBill cofounder Catherine Montgomery pitched DaisyBill to a panel of expert judges including “Power Pitch” Host Brian Sullivan, Corum Group President Nat Burgess, and CNBC reporter Jackie De Angelis. The panelists then voted all-in on the future of DaisyBill.

During her 60-second pitch Montgomery described DaisyBill as the solution the 28 billion dollar workers’ compensation market that is currently seeing rises in premiums and care costs but not an increase in care for injured workers’. When asked by Sullivan how workers’ compensation claims are currently handled and what DaisyBill is replacing Montgomery responded “They are doing it the same way they were doing it 111 years ago when Maryland first instituted workers’ compensation reform, on paper, by mail. That just doesn’t work anymore.”

After fielding more questions about marketing from DeAngelis and competition from Burgess Mongomery’s defense of the company was deemed “spirited” by host Sullivan. The panelists then voted on DaisyBill’s concept ultimately voting unanimously to be ‘in’. Said Sullivan to Montgomery “you got three ‘ins’ that’s rare on Power Pitch!” DaisyBill’s entire “Power Pitch” segment can be viewed here.

DaisyBill is the only electronic billing solution able to submit California provider bills to every workers’ compensation carrier with the means to accept them which as of October 18, 2012 is all carriers in the state of California. DaisyBill’s mission is to simplify the workers’ compensation billing process for all parties involved, providers, carriers, and injured workers and get bills paid quickly, accurately and efficiently.

CNBC’s show “Power Pitch” allows start-up companies to make a 60-second pitch to a panel of experts convincing them their company has what it takes to succeed. The panelists are then given the opportunity to ask questions and ultimately asked to decide if they would be ‘in’ or ‘out’ on the deal.

DaisyBill was founded by Catherine Montgomery and Sarah Moray who have a combined 18 years experience in workers’ compensation medical billing. They also run the website claritymbr.com, a free resource for those who wrestle with workers’ compensation billing. For more information or to schedule a demonstration of DaisyBill, please visit http://www.daisybill.com.

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