Savvos operates the largest marketplace for affordable cash prices in medical care, connecting patients, providers, and payors to streamline scheduling and payment processes. By enabling real-time bundled pricing and immediate cash payment, Savvos addresses the lack of transparency and high costs in traditional healthcare transactions.
Funding
$3.3M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
The healthcare industry suffers from a lack of price transparency, leading to unpredictable costs for patients and administrative burdens for providers and payors. Traditional insurance-based systems often involve complex networks, negotiated rates, and delayed payments, creating inefficiencies and hindering access to affordable care.
Solution
Savvos operates a marketplace that connects patients, providers, and payors, facilitating transparent pricing and immediate cash payments for medical services. The platform enables real-time bundled pricing, allowing patients to compare costs and choose affordable options. By streamlining scheduling, payment processing, and communication, Savvos simplifies healthcare transactions for all parties involved, reducing administrative overhead and promoting cost savings. The platform caters to the growing demand for cash-pay options from self-funded employer groups, health sharing ministries, and self-pay patients.
Target Audience
Savvos primarily serves self-pay patients, members of health sharing ministries, self-funded employer groups, and other alternative payor models, as well as healthcare providers and payors seeking to streamline transactions and offer competitive cash prices.
Features
- Marketplace for comparing cash prices for shoppable medical services like imaging, outpatient surgery, and labs
- Real-time bundled pricing to clarify costs before receiving care
- Streamlined scheduling and communication tools for patients, providers, and payors
- Immediate cash payment processing for providers, typically within one business day
- Tools and reports for payors to manage costs and improve member experience
- Concierge services to assist patients in finding affordable care
- Support for alternative payor models, including health sharing ministries and self-funded employer groups