Cambia Health Solutions Invests in MDsave

Industry innovators team up to put healthcare bundling and
transparency into action for consumers

BRENTWOOD, Tenn.–(BUSINESS WIRE)–MDsave, Inc., the world’s first online healthcare marketplace, today
announced Cambia Health Solutions has made a strategic investment in the
company. Cambia is a total health solutions company made up of a family
of businesses all dedicated to creating a consumer-focused and
economically sustainable healthcare system.


“In every other sector of our economy, people are increasingly able to
purchase services and products through frictionless processes and with
clear pricing information,” said Cambia President of Direct Health
Solutions Rob Coppedge. “We are excited to announce our investment in
MDsave, a company that is successfully bringing new healthcare
purchasing options to consumers by partnering directly with medical
providers. At Cambia we are committed to investing in market-leading
companies like MDsave that are changing the game for the healthcare
consumer.”

Cambia will work to develop strategic partnerships between MDsave and
Cambia portfolio companies, including HealthSparq, which serves 70
health plans and 74 million consumers nationwide.

“High costs and confusing pricing have broken our healthcare system,”
said Paul Ketchel, co-founder and CEO of MDsave. “MDsave is on a
campaign to fix it, using our patented technology to increase patient
access to our growing network of providers through bundled services and
payments, reducing waste and easing the pain of payments and
collections, lowering the overall cost of care and increasing the rate
and ratio of payments to providers.”

MDsave’s marketplace capabilities and streamlined payment process
complements Cambia’s transparency solutions, enabling consumers to shop
for health care easily and efficiently. This partnership will accelerate
both companies’ efforts in delivering a seamless healthcare shopping and
payment experience to consumers nationwide.

Co-located in Brentwood, Tenn. and San Francisco, Calif., MDsave
is the world’s first online healthcare marketplace, bringing together
patients seeking affordable, reliable care with providers offering
high-quality services at fair prices. Using cutting-edge technology,
MDsave simplifies the healthcare billing process for patients and
providers alike through negotiated rates, bundled pricing, and up-front
payment. The MDsave marketplace also helps employers and payers offer
more value to employees and policy holders with out-of-pocket deductible
costs. Launched in June 2012, the company offers a wealth of information
on its website about common illnesses and procedures. For more
information, visit http://www.mdsave.com.

Cambia Health Solutions Cambia Health Solutions, headquartered in
Portland, Ore., is a nonprofit total health solutions company dedicated
to transforming health care by creating a person-focused and
economically sustainable system. Cambia’s growing family of companies
range from software and mobile applications, health care marketplaces,
non-traditional health care delivery models, health insurance, life
insurance, pharmacy benefit management, wellness and overall consumer
engagement. Through bold thinking and innovative technology, we are
delivering solutions that make quality health care more available,
affordable and personally relevant for everyone. To learn more, visit http://www.cambiahealth.com or twitter.com/cambia.

Contacts

Abernathy MacGregor Group
Trevor Martin, 415-926-7961
trm@abmac.com
or
Cambia
Health Solutions
Christine Lynch, 208-333-7839
Christine.Lynch@cambiahealth.com