Headquartered in Nashville with a second office in San Francisco, MDsave (www.mdsave.com) is an innovative technology and healthcare payments company that simplifies the healthcare services shopping and payment experience for consumers. The Company works with providers to bundle complex medical procedures into a single upfront payment, thereby providing consumers with discounted out-of-pocket healthcare bills and a higher-satisfaction retail experience. MDsave’s patented workflow has been implemented in hundreds of hospitals nationwide, saving consumers more than 40% of their out-of-pocket costs while significantly increasing net collections for providers.
Change Healthcare’s investment is part of a broader collaboration between the two companies to improve the way consumers, providers, payers, and employers interact in the healthcare purchasing and payment process. Together, MDsave and Change Healthcare will work to enable increased price/cost transparency, reduce inefficiency, and lower costs.