What is MDsave?
MDsave operates as the world's first online healthcare marketplace, connecting patients seeking cost-effective, reliable medical services with providers offering high-quality care at predetermined prices. Headquartered across Brentwood, Tennessee, and San Francisco, California, the company leverages advanced technology to streamline the complex healthcare billing landscape for both patients and providers. By facilitating negotiated rates, bundled pricing, and upfront payment options, MDsave aims to simplify healthcare transactions and enhance transparency. The platform also serves as a valuable tool for employers and payers, enabling them to offer greater value to their employees and policyholders, particularly in managing out-of-pocket deductible expenses. Since its launch in June 2012, MDsave has provided extensive information on common illnesses and procedures, positioning itself as a comprehensive resource in the healthcare ecosystem.
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
MTS Health Partners
MTS Health Partners is an investment firm with a focus on the healthcare sector, likely providing strategic capital and operational expertise to companies within the industry.
Cambia Health Solutions
Cambia Health Solutions, a total health solutions company, invests in innovative healthcare models aimed at transforming the industry and improving patient experiences.
WindRose Health Investors
WindRose Health Investors is an equity investment company specializing in the services sectors of the healthcare industry, likely seeking to support growth-stage healthcare businesses.
What's next for MDsave?
The recent major strategic investment in MDsave signals a strong confidence in the company's business model and its potential for continued expansion. This capital infusion is likely to fuel further technological development, enhance market reach, and potentially broaden the network of healthcare providers and employers on its platform. As MDsave continues to navigate the evolving healthcare landscape, its focus will likely remain on driving down healthcare costs for consumers and employers while ensuring access to quality medical services. The company's trajectory suggests a strategic push towards solidifying its position as a leader in healthcare price transparency and accessibility.
See full MDsave company page
