Key Highlights
- Tendo is set to acquire MDsave, a healthcare marketplace, extending its platform to include MDsave’s marketplace and facilitate simplified healthcare management for patients.
- The acquisition aims to provide patients with an all-encompassing solution to seek, schedule, pay for, and manage healthcare transparently.
- The transaction is anticipated to conclude in October.
- For healthcare providers, the move is expected to expedite the acquisition of new patients by enhancing transparency and simplifying payment processes for bundled procedures.
- Cory Ferrier of Adventist Health expresses optimism about the acquisition, foreseeing a promising future and impactful contributions to patients and clinicians.
- The acquisition is particularly beneficial for self-insured employers, providing a comprehensive solution to discover and navigate quality, cost-effective healthcare options.
Source: Direct
Notable Quotes
- “The future holds much promise, and we are excited to work with the new company as they help us make an impact for our patients, clinicians, and our system overall.” – Cory Ferrier, Vice President of Adventist Health
- “Together, MDsave and Tendo will create the first end-to-end solution for seeking, scheduling, engaging, paying for, and managing care.” – Dan Goldsmith, CEO of Tendo
- “Our shared commitment to transforming the healthcare landscape is now more powerful than ever. Tendo will pave the way for a healthcare experience that prioritizes patients and providers alike.” – Paul Ketchel, CEO and Co-Founder of MDsave
SoH's Take
Tendo’s acquisition of MDsave marks a significant stride towards redefining healthcare experiences for all stakeholders involved. By integrating MDsave’s marketplace into its platform, Tendo is not only simplifying access and management of care for patients and healthcare navigators but also facilitating healthcare providers in acquiring new patients through a more transparent and streamlined approach. Especially noteworthy is the potential impact on self-insured employers, who will gain a comprehensive solution for discovering and navigating quality, affordable healthcare options. The collaboration of Tendo and MDsave is poised to deliver a healthcare experience that prioritizes both patients and providers, potentially setting a new standard in the healthcare industry.
