MDsave
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.
- Company typePrivate
- Founded2011
- HeadquartersBrentwood, United States
- Headcount11–50
- GTM typeB2B and B2C
- OfferingDigital Commerce or Content
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.
MDsave firmographics
Firmographics- 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
MDsave industry classification
Industry- 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
Where MDsave is headquartered
LocationHeadquarters
- HQ city
- Brentwood
- HQ country
- United States
- HQ region
- North America
Markets served
MDsave business model
Business model- GTM type
- B2B and B2C
- Offering type
- Digital Commerce or Content
- Cost components
- Technology or R&D, Operations, Marketing or Sales, Personnel
Revenue model
- 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.
- 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
| Model | Billing | Price |
|---|---|---|
| Freemium | Pay-as-you-go | Free patient access with no membership fees |
| Transaction based/ take rate | Pay-as-you-go | CareCredit promotional financing |
| Transaction based/ take rate | Pay-as-you-go | Employer Care Connect platform - no PEPM fees |
Go-to-market motion1 record
Distribution channels5 records
Marketing channels7 records
MDsave product offering
Product offeringCore 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
Companies that use MDsave
Customer profileNamed customers4 records
Segments4 records
Ideal customer profiles4 records
MDsave technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration4 records
Feature4 records
MDsave partnerships and signals
Strategic signalPartnerships
Eleven partnerships are on record, tiered flagship and core.
- TendoflagshipMDsave 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.
- CareCreditcoreCareCredit 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 SystemscoreMajor health system partner providing hospital services through the MDsave marketplace network.
- AscensioncoreMajor health system partner providing hospital services through the MDsave marketplace network.
- Tenet HealthcarecoreMajor health system partner providing hospital services through the MDsave marketplace network.
- CommonSpirit HealthcoreMajor health system partner providing hospital services through the MDsave marketplace network.
- Bon SecourscoreMajor health system partner providing hospital services through the MDsave marketplace network.
- Prime HCScoreHealth system partner providing hospital services through the MDsave marketplace network.
- Intermountain HealthcoreMajor health system partner providing hospital services through the MDsave marketplace network.
- Lifepoint HealthcoreMajor health system partner providing hospital services through the MDsave marketplace network.
- Deaconess Health SystemcoreRegional health system partner providing hospital services through the MDsave marketplace network.
Scale indicators9 records
Recent moves6 records
Expansion highlights5 records
MDsave competitors and assessment
Company assessmentDirect 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
MDsave social profiles
Digital presenceMDsave compliance and trust
Trust signalCompliance4 records
MDsave financial estimates
Financial estimateRevenue estimate
Valuation estimate
MDsave leadership team
Management profileNumber of profiles
Profiles4 records
MDsave funding detail
Funding detailFunding overview
Funding rounds6 records
Investors2 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
MDsave M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about MDsave
What does MDsave do?
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.
Is MDsave a public or private company?
MDsave is a private company. It is classified as corporate owned and is currently operating.
When was MDsave founded?
MDsave was founded in 2011. It employs 11 to 50 people.
Where is MDsave based?
MDsave is headquartered in Brentwood, United States, in the North America region.
How does MDsave make money?
Two revenue lines are on record. Transaction Fees on Procedure Purchases are the primary driver. The others are employer Benefits Administration.
Who are MDsave's main competitors?
Direct peers on record are Sesame, Turquoise Health, Carrum Health, Zocdoc, Solv Health, HealthJoy and Healthcare.com. GoodRx is listed as a broad incumbent. Emerging players are Amino and Lyra Health.
Does MDsave have an API?
No public API is recorded for MDsave.
What industry is MDsave in?
MDsave's product category is Healthcare Marketplace. Its primary akta.pro industry code is FSAMAJAH, Healthcare Billing & Patient Payments Presentment, with a secondary code of FSAKAFAI, Healthcare & Medical POS Financing. Its NAICS code is 518 and its SIC code is 7372.