New startup disrupts burgeoning alternative-payer healthcare space
American Fork, Utah, September 20, 2022 /PRNewswire/ — Savvos Announces Funding $ 1,000,000 from Lance Evensonwe fund and guarantee the syndication, Jared Lynch, Stuart Schantz and Dr. Daniel Harris Further develop Savvos’ platform and software, engage in business development, and pursue further relationships with providers nationwide.
Lou Morin (left) and Jake Fackrell (right) co-founders of Savvos Health
Savvos provides a fresh healthcare experience for patients, payers and providers to find the right price in a smarter way, schedule care and simplify payments for primarily elective outpatient care. Savvos bills itself as the largest cash payment marketplace in the country and is a pioneer of Immediate Cash Payments™. An industry-leading fintech platform, his Savvos allows patients, payers and providers to come together in one conversation with him to finalize pricing and other details. Previous procedure.
Savvos benefits all stakeholders by helping payers find the most affordable options while helping patients find quality care at centers of excellence. Patients come to her Savvos for a variety of procedures including general surgery, orthopedics, women’s health, endoscopies, colonoscopies, and imaging studies.
“We became the engine that facilitated the medical trade,” he explains. Lou Morin, CEO of Savvos. “Within our fintech platform, members find affordable prices. It connects medical plans, surgical centers or hospitals, and surgeons in a conversation, facilitating instant payments to these providers through medical plans.”
There are many success stories of patients and payers who have connected with affordable providers and saved tens of thousands of dollars through Savvos. For example, a member used her Savvos to facilitate surgery for an ovarian cyst.The local hospital price for the operation is $117,000but the hospital cut the price by almost 50% $60,000However, the Savvos platform allowed members to find the same surgery at a local quality surgical center for a fraction of the cost. $6,500.
“These stories can be an emotional experience on our platform as our platform becomes a single point of contact where everyone discusses and finalizes these steps in one conversation. says Morin. “Having this kind of information in front of the consumer saves our members and payers thousands of dollars and enables cash payment settlement for these providers across the country, making it an incredibly successful member experience. can do.”
About Savos Health: Savvos has created the nation’s largest marketplace for affordable medical care including ambulatory surgery, imaging, testing and more at affordable cash prices. Demand for affordable cash prices from alternative payers such as health stocks, self-funded employer groups, creative insurance products and self-pay consumers is exploding. Savvos connects all participants in healthcare decision-making to create real-time centralized pricing, simplify scheduling, secure payer approval, and guarantee immediate payments to empower patients, payers, and more. , redefining the healthcare experience for healthcare providers. Savvos eliminates the need to network or contract directly with alternative payer markets by making the future of mainstream healthcare cash-paid prices.
Media contact:
Jake Fackrell
savos health
801-704-1617
[email protected]
SOURCE Savos Health
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