MDsave

What MDsave does

MDsave, founded in 2011 and headquartered in Brentwood, Tennessee, operates an online healthcare marketplace that enables patients to research, compare, and purchase medical procedures with upfront, bundled pricing. The platform lists 9,600+ providers across 2,230+ hospitals and 4,400+ facilities in 46 states, covering approximately 2,000+ procedures including imaging, bariatrics, lab work, gastroenterology, cardiac imaging, and wellness services. Patients purchase procedure vouchers online and redeem them at participating facilities, with a money-back guarantee if care is not received. The core technology stack is a voucher-based marketplace with provider network management, a deductible-checker tool, and integrations with payment providers including CareCredit (promotional financing), PayPal, Authorize.Net, and HSA/FSA/HRA accounts.

MDsave generates revenue primarily through transaction fees on procedure purchases by self-pay and high-deductible patients, complemented by employer-side contracting through its Care Connect platform delivered on the Tendo Marketplace, which serves self-funded employers and TPAs with no per-employee-per-month fees. The go-to-market combines a self-serve consumer e-commerce front end, a provider partnership channel (signed health systems include CHS, Ascension, Tenet Healthcare, CommonSpirit Health, Bon Secours, Prime HCS, Intermountain Health, Lifepoint Health, and Deaconess), and an enterprise sales motion for employers and TPAs. Patient pricing is pay-as-you-go with no membership or subscription fees, and the company advertises an average 50% saving versus national average procedure costs.

Since September 2023, MDsave has operated as a wholly-owned subsidiary of Tendo, a healthcare technology company, with MDsave's marketplace contributing to Tendo's broader platform offerings. The company holds SOC 2 Type II and HIPAA compliance certifications, maintains a documented patent portfolio, and was recognized in 2025 among TIME and Statista's World's Top HealthTech companies.

Name

MDsave

Legal name

MDsave Incorporated

Website

https://mdsave.com

Company type

Private

Founded year

2011

Operating status

Operating

Headcount range

11–50 employees

Short description

MDsave operates an online healthcare marketplace where patients compare upfront prices and purchase bundled medical procedure vouchers from a national provider network spanning 46 states, and serves self-funded employers via its Care Connect platform within the Tendo Marketplace.

Ownership category

akta.pro rank

Product category

Healthcare Marketplace

NAICS

Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518)

SIC

Services-Prepackaged Software (7372)

akta.pro primary industry

Healthcare Billing & Patient Payments Presentment (FSAMAJAH)

akta.pro secondary industry

Healthcare & Medical POS Financing (FSAKAFAI)

Keywords

• Healthcare marketplace
• Medical procedure pricing
• Shoppable healthcare platform
• Bundled medical procedures
• Healthcare cost transparency

Headquarters

HQ city

Brentwood

HQ country

United States

HQ region

North America

Markets served

GTM type

B2B and B2C

Offering type

Digital Commerce or Content

Cost components

Technology or R&D, Operations, Marketing or Sales, Personnel

Revenue model

1. Transaction Fees on Procedure Purchases: MDsave generates revenue through transaction fees when patients purchase medical procedure vouchers through the platform. Patients pay upfront prices for procedures, and the company facilitates payment processing between patients and healthcare providers.
2. Employer Benefits Administration: MDsave offers Care Connect to employers and TPAs providing access to provider network with guaranteed upfront pricing, potentially on a per-employee or contractual basis with no PEPM fees mentioned.

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels7 records

Core offering

MDsave operates an online healthcare marketplace that lets patients search, compare, and purchase medical procedure vouchers at upfront bundled prices from a nationwide network of hospitals, ambulatory surgery centers, and clinics. The company generates revenue through transaction fees on these procedure purchases and through employer-facing Care Connect contracts, with no membership fees for consumers and no PEPM fees for employers.

Product overview

MDsave is a healthcare marketplace platform offering transparent, shoppable medical procedures at up to 50% savings compared to national averages. The platform operates through three core products: MDsave for Patients (consumer-facing marketplace), MDsave for Providers (hospital and clinic partner network), and MDsave for Employers (direct contracting benefits solution integrated with Care Connect on the Tendo Marketplace). The ecosystem includes over 9,600 providers at hospitals and clinics nationwide, offering 2,000+ procedures across specialties including imaging, bariatrics, lab work, therapy, gastroenterology, cardiac imaging, and wellness services. Additional features include promotional financing through CareCredit integration, HSA/FSA/HRA payment support, and a deductible checker tool.

Differentiator

Problem solved

Functional benefit

Products and services

• MDsave for Patients Consumer-facing marketplace where individual patients search by procedure and location, compare upfront bundled pricing across providers, purchase vouchers online or by phone, and redeem them at participating facilities. Aimed at self-pay, uninsured, and high-deductible insured patients seeking affordable care.
• MDsave for Providers Partner network offering that lets hospitals, ambulatory surgery centers, imaging centers, and physician practices list bundled, shoppable procedures, reach patients and employers, and streamline self-pay revenue collection through the MDsave marketplace.
• MDsave for Employers Employer benefits solution offering self-funded employers and TPAs access to a network of local and national providers with bundled procedures at guaranteed upfront prices, no PEPM fees, and integration with TPA and benefit plan systems.
• Care Connect Direct contracting platform on the Tendo Marketplace enabling employers to access bundled, shoppable healthcare procedures with guaranteed upfront pricing, no surprise bills, exclusive savings, and integration with plan and TPA systems.

Quantifiable outcome

• Patients save an average of 50% compared to national average costs
• +3 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

Feature4 records

Partnerships

Eleven partnerships are on record, tiered flagship and core.

• TendoflagshipStrategic or Co-development PartnerMDsave is owned by Tendo, acquired in September 2023. Tendo is a healthcare technology company integrating MDsave into its broader marketplace platform. MDsave operates as MDsave Marketplace within the Tendo ecosystem, enabling Care Connect functionality for employers.
• CareCreditcoreGTM or Marketing PartnerCareCredit is a health, wellness, and personal care credit card partner enabling promotional financing for MDsave procedure purchases. CareCredit offers 6 months promotional financing for purchases of $200+ and 24 months for $1,000+.
• CHS Community Health SystemscoreTechnology or IntegrationMajor health system partner providing hospital services through the MDsave marketplace network.
• AscensioncoreTechnology or IntegrationMajor health system partner providing hospital services through the MDsave marketplace network.
• Tenet HealthcarecoreTechnology or IntegrationMajor health system partner providing hospital services through the MDsave marketplace network.
• CommonSpirit HealthcoreTechnology or IntegrationMajor health system partner providing hospital services through the MDsave marketplace network.
• Bon SecourscoreTechnology or IntegrationMajor health system partner providing hospital services through the MDsave marketplace network.
• Prime HCScoreTechnology or IntegrationHealth system partner providing hospital services through the MDsave marketplace network.
• Intermountain HealthcoreTechnology or IntegrationMajor health system partner providing hospital services through the MDsave marketplace network.
• Lifepoint HealthcoreTechnology or IntegrationMajor health system partner providing hospital services through the MDsave marketplace network.
• Deaconess Health SystemcoreTechnology or IntegrationRegional health system partner providing hospital services through the MDsave marketplace network.

Scale indicators9 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Sesame: Direct-to-consumer healthcare marketplace offering transparent, upfront-priced appointments and procedures with self-pay patients—same core category as MDsave, competing for the same self-pay and high-deductible patient segment.
• Turquoise Health: Healthcare price transparency platform connecting payers, providers, and patients with shoppable rates and bundled pricing—directly overlaps with MDsave's transparent, shoppable-procedure value proposition.
• Carrum Health: Bundled healthcare payments platform enabling self-funded employers to purchase procedures at fixed prices through a curated provider network—directly competes with MDsave's Care Connect employer offering.
• Zocdoc: Online healthcare appointment marketplace allowing patients to search, compare, and book provider visits—competes with MDsave for the same consumer-facing healthcare discovery and booking workflow.
• Solv Health: Same-day and bookable healthcare appointment marketplace with transparent pricing for urgent care and wellness services—competes in the shoppable, transparent ambulatory care category.
• HealthJoy: Employee benefits navigation platform that helps self-funded employers manage healthcare spend and guide employees to cost-effective care—competes with MDsave's Care Connect on the employer benefits side.
• Healthcare.com: Online marketplace helping consumers compare and purchase health insurance and healthcare services with transparent pricing—competes for the same cost-conscious, high-deductible patient demographic.

Broad incumbents

• GoodRx: Larger consumer-facing healthcare marketplace for prescription drug discounts and increasingly telehealth services—broad incumbent adjacent to MDsave's marketplace model with much greater scale and brand recognition.

Emerging players

• Amino: Healthcare marketplace and price transparency platform helping patients find and book care based on cost and quality—addresses the same shoppable-procedure pain point but with narrower employer distribution.
• Lyra Health: Employer-sponsored mental health and total wellbeing benefits platform with bundled, fixed-price care delivery—competes with Care Connect in the employer bundled-care category, particularly for specialty services.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/mdsave

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds6 records

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about MDsave