MDsave has announced the addition of laboratory/pathology services to its medical service listings. With the proliferation of high deductible health plans, the push for price transparency is a hot topic. MDsave, a Brentwood, TN based healthcare startup, is aiming to be an “Expedia of health care”. MDsave is the first e-commerce company to offer a single online resource for consumers to research, compare, and purchase healthcare services at significant discounts. Launched June 2012, MDsave is already in 3 large metro markets and likely to expand to another 4 this year. MDsave is in partnership with SSM Healthcare Oklahoma, parent organization to St Anthony hospital. The partnership encompasses more than 225 healthcare providers across 20 locations and over 200 procedures and services that include MRIs, flue shots, CT scans, and specialty visits. With the current challenges in the healthcare marketplace, this couldn't come at a better time for St. Anthony's patients and the Oklahoma City community. Because an individual can purchase medical procedures and services directly from physicians, MDSave eliminates the complexity that many are currently experiencing with health insurance exchanges. Also, with thousands of Americans temporarily finding themselves with canceled health plans, MDSave helps these individuals to immediately save on their current pressing and preventive healthcare needs. Over the long term, as government leaders work through these challenges and more Americans sign up for high-deductible plans, the need for reducing out-of-pocket costs will only increase. MDsave is also in partnership with Weatherford Regional Medical Center outside of Fort Worth, 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 of their lab/pathology services as well. Outpatient surgeries and physician office visits will be added to the listing soon. “Partnering with Weatherford Regional Medical Center is an important step toward making healthcare more accessible, affordable and transparent in Texas,” said MDSave co-founder and CEO Paul Ketchel. “We know that the cost of preventive treatments like diagnostic imaging is often a factor in consumers neglecting to have them. A recent National Cancer Institute study found that CT scans reduced the risk of death from lung cancer by 20 percent. We hope that our partnership will increase Texans' access to quality imaging and, as a result, help save lives.” For example, an MRI would typically cost a patient without insurance $2,074.77, while a patient with a high deductible plan would pay $1,231.96. By researching and booking through MDSave, that same patient could get an MRI at Weatherford Regional Medical Center for $425, resulting in a more than 65 percent savings. A patient who needs an X-ray would typically pay $181.26 without insurance and $107.66 with a high deductible plan. Through MDSave, he or she could pay $82 at Weatherford, resulting in a more than 23 percent savings. The typical CT scan would cost an uninsured patient $1,374.53 and a high-deductible patient $816.41. An MDSave user could book and get the scan for $350 at Weatherford, at more than 57 percent savings. MDsave announced its latest partnership in the Nashville market in April. In an effort to bring more consumers greater access to colonoscopies, AMSURG Corp. and MDSave are launching a pilot program to introduce bundled pricing for the procedure to two Nashville-area surgery centers. Associated Endoscopy in Hermitage and St. Thomas Medical Group Endoscopy Center in Nashville will offer a fixed cost for the procedure to high deductible, self-pay and under-insured patients at a lower rate than those individuals would typically pay. Those who are insured under the Affordable Care Act's healthcare exchange marketplace will also be eligible for the program. Consumers can access these savings through the MDsave website, www.MDSave.com. Experts recommend colonoscopies for everyone aged 50 and above, and the pilot program will create an option for patients who might otherwise be deterred by the idea that a colonoscopy is financially out of reach. Bundled pricing means that qualified patients will pay a single, set price for all costs associated with the procedure. Without bundled pricing, these patients would receive multiple bills for charges like facility fees and anesthesia fees, which can be confusing and lead to unexpected costs for the patient. This marks only the second time that colonoscopies have been offered with completely bundled pricing - the first being the MDsave partnership with DDSI, a gastroenterology center in Oklahoma City. Going one-step further, this program includes any and all diagnostic procedures that take place during the colonoscopy, such as biopsies, in the bundled price. These procedures are not always covered by insurance when a screening colonoscopy is ordered. The average cost of a colonoscopy in Nashville is $5,175 for uninsured patients and $3,583 for those with a high deductible. With the MDSave partnership, Associated Endoscopy and the St. Thomas Medical Group Endoscopy Center are able to reduce those fees to $1,795 for patients who qualify, representing a significant savings to consumers. “Through this pilot program, we are able to provide Nashville-area consumers with a potentially lifesaving procedure at a more affordable and easier to understand price,” said Paul Ketchel, MDSave CEO and co-founder. “This complements our growing suite of healthcare services offered in our community and with providers in other areas across the country.Based in Brentwood, TN, MDsave is a small health care company with only 63 employees and an annual revenue of $50.0M.
In demand companies are hiring! Let Zippia apply for you!
The founders of MDsave are Mr. Paul J. Ketchel III, Clyde Spencer and Calvin Magee.
The key people at MDsave are Mr. Paul J. Ketchel III, Clyde Spencer and Calvin Magee.
Key people
Mr. Paul J. Ketchel III
Clyde Spencer
Calvin Magee
MDsave rankings
MDsave is ranked #58 on the Best Health Care companies to work for in Tennessee list. Zippia's Best Places to Work lists provide unbiased, data-based evaluations of companies. Rankings are based on government and proprietary data on salaries, company financial health, and employee diversity.
Zippia gives an in-depth look into the details of MDsave, including salaries, political affiliations, employee data, and more, in order to inform job seekers about MDsave. The employee data is based on information from people who have self-reported their past or current employments at MDsave. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by MDsave. The data presented on this page does not represent the view of MDsave and its employees or that of Zippia.
MDsave may also be known as or be related to MDSave Inc, MDSave Incorporated, MDSave, Inc., MDsave, MDsave, Inc., Mdsave Inc and Mdsave, Inc.
