What is MDsave?
MDsave operates as the world's first online healthcare marketplace, connecting patients seeking cost-effective, reliable medical services with providers offering quality care at competitive prices. Headquartered in Brentwood, Tennessee, and San Francisco, California, the company leverages advanced technology to streamline the healthcare billing process for both patients and providers. MDsave's model is built on negotiated rates, bundled pricing, and upfront payment, simplifying the often-complex financial landscape of healthcare. The platform also serves as a valuable tool for employers and payers, enabling them to enhance the value offered to employees and policyholders, particularly concerning out-of-pocket deductible expenses. Since its launch in June 2012, MDsave has provided extensive information on common illnesses and procedures through its website, aiming to empower consumers.
How much funding has MDsave raised?
MDsave has raised a total of $22.1M across 4 funding rounds:
Other Financing Round
$2M
Private Equity
$14.1M
Private Equity
$5M
Debt
$1M
Other Financing Round (2013): $2M with participation from WindRose Health Investors
Private Equity (2015): $14.1M led by MTS Health Partners
Private Equity (2016): $5M supported by Cambia Health Solutions
Debt (2020): $1M featuring PPP
Key Investors in MDsave
Cambia Health Solutions
Cambia Health Solutions, founded in 1996 and based in Portland, Oregon, is a total health solutions company focused on transforming the healthcare industry and patient experiences.
MTS Health Partners
MTS Health Partners is an investment firm specializing in the healthcare sector, providing strategic capital to companies within the industry.
WindRose Health Investors
WindRose Health Investors, established in 2000 and located in New York City, is an equity investment company that focuses on the services sectors within the healthcare industry.
What's next for MDsave?
The recent major strategic investment signifies a pivotal moment for MDsave, likely enabling the company to accelerate its growth initiatives and expand its market reach. This capital infusion is expected to fuel further technological development, enhance provider network expansion, and bolster marketing efforts to attract more patients and employer partnerships. As MDsave continues to innovate within the healthcare marketplace, its focus will likely remain on driving down healthcare costs and improving accessibility through its unique platform.
See full MDsave company page
