MDsave

MDsave Provides Consumers with a Single Online Location to Research, Compare, and Purchase Medical Services with Transparent Total CostsMDsave has announced the addition of laboratory/pathology services to its list of medical services. With the proliferation of high-deductible health plans, promoting price transparency has become a hot topic. MDsave, a healthcare startup based in Brentwood, Tennessee, aims to become the "Expedia of healthcare." MDsave is the first e-commerce company to offer consumers a single online resource to research, compare, and purchase medical services at discounted prices. Since its launch in June 2012, MDsave has entered three major metropolitan markets and is expected to expand into four more this year.MDsave collaborates with SSM Healthcare Oklahoma, the parent organization of St. Anthony Hospital in Oklahoma. This partnership involves over 225 healthcare providers across 20 locations and includes more than 200 procedures and services such as MRIs, smokestack gas, CT scans, and specialty visits.Given the challenges currently facing the healthcare market, this is an opportune time for St. Anthony's patients and the Oklahoma City community. By allowing individuals to directly purchase medical procedures and services from physicians, MDsave eliminates much of the complexity many currently face in health insurance transactions. Additionally, as thousands of Americans temporarily find themselves without health plans, MDsave helps these individuals immediately save on their current urgent and preventive healthcare needs. In the long run, as government leaders address these challenges and more Americans sign up for high-deductible plans, the need to reduce out-of-pocket expenses will only increase.MDsave has also established a partnership with Weatherford Regional Medical Center, located in the Fort Worth suburbs, whose parent company is Community Health Systems, one of the nation’s leading hospital systems. Weatherford currently offers imaging services and has just added all laboratory/pathology services. Outpatient surgeries and physician visits will soon be added to the list.MDsave's unique bundling technology makes medical procedures transparent, shoppable, and instantly transactable. Through MDsave's patented collection software, patients can pay one upfront fee for prospective or retrospective care, and payments are automatically distributed to all bundled participants within four days.