Daydream automates the entire insurance claims process for dentists using AI, from verifying coverage to appealing denials, adding an average of $50,000 to each practice's take-home pay.
Traus describes how his AI system fights insurance companies on behalf of dentists, recovering lost revenue and speeding up payment collection. ✦ AI generated
Traus · My First Million · 2026-08-17 · original ↗
starts at this moment · 39:24
“Explain what you do though.”
Basically what we do is I don't know if you've ever been to the dentist or a doctor and gotten a bill from the insurance company and been like, you know, what actually is this? Right. And that's because the insurance companies are trying to screw not only the patients over, but the doctor's over. And so, the reality is in order to get reimbursed from the insurance company, the doctor has to do a bunch of administrative work and doctors hate it and they do a bad job. They lose money. My mom is a dentist. She's losing 10 to 15% of her money to these insurance companies. So, I was like, what if I could automate this process of dealing with the insurance companies?
verbatim transcript · starts at 39:24
39:08so we're adding a million dollars a month in ARR every single month >> across a bunch of dentists. >> Yeah. Across a bunch. explain [clears throat] what you do though. >> Yeah. So, basically what we do is I don't know if you've ever been to the dentist or a doctor and gotten a bill from the insurance company and been like, you know, what actually is this? Right. And that's because the insurance
39:24companies are trying to screw not only the patients over, but the doctor's over. And so, the reality is in order to get reimbured from the insurance company, the doctor has to do a bunch of administrative work >> and doctors hate it and they do a bad job. They lose money. My mom is a dentist. She's losing 10 to 15% of her money to these insurance companies. So,
39:39I was like, what if I could automate this process of dealing with the insurance companies? So verify insurance to say, "Hey, this is what Sean's insurance is going to cover." We submit the claim. We appeal the denial because guess what? They love denying these claims. And then we do all the bookkeeping when the money does come in. And in exchange, the doctors pay us a small percentage of every dollar they
39:55>> So it's like AI like negotiating with the >> insurance companies. Yeah. Exactly. So we have AI calling the insurance company to get the status of these claims, AI submitting the claims, >> and AI voice being like, "Hey, you did not approve this. Why not? Here's why you should." Exactly. >> Well, the funny thing is on their side, they also have AI. And so there normally it's a war of attrition. It's like
40:13they're gonna you have to wait to hear the menu, then you have to say the number, then they didn't understand it, but it's like let's let my robot talk to your robot all day. >> Exactly. And you know what I always tell the insurance companies? I'm like, yo, you're spending a lot of money, we're spending a lot of money. What if you just gave us the data in an API? But
40:27this healthcare industry is so backwards that they don't want to. >> Yeah. The incentive is not there. And so we have to find all these creative ways to beat the system and make sure that our doctors and our patients get paid. >> Can you rattle off a few facts? So how old's the company? How much funding and uh like this year's revenue? >> Yeah. So, we're about 926 days old. Uh