Change Healthcare makes strategic investment in MDsave

In a recent press release, Change Healthcare and MDsave announced that Change Healthcare has made a strategic investment for a minority position in MDsave.

MDsave 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, Change Healthcare and MDsave will work to enable increased price/cost transparency, reduce inefficiency, and lower costs.

“MDsave has created a proven consumer-centric experience that saves patients money while demonstrating a high return on investment by increasing net collections for providers,” said Neil de Crescenzo, president and chief executive officer, Change Healthcare. “By combining the MDsave platform with our deep healthcare payment capabilities, expertise in bundled payments, access to data, and connectivity across stakeholders, we believe we can modernize the consumer experience for our broad customer base, including providers, health plans, and employers.”

Change Healthcare’s patient/consumer experience approach is a retail-like solution that enables providers to offer patients a full self-service, personalized digital care journey from initial search through final payment. This helps consumers engage effectively in maintaining or improving their health, which is increasingly driven by their increased financial accountability.

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