Jake Fackrell

Savvos created the nation's largest marketplace of affordable cash prices for elective outpatient care, including imaging, surgery, labs, and more. Our solution redefines the healthcare experience of patients, payors, and providers by connecting all participants in the healthcare decision to create bundled pricing in real time, simplifyscheduling, secure payor approval, and guarantee immediate cash payment™.Savvos eliminates the need for health plans to develop networks or direct contracts for elective outpatient care by making immediate cash payment the future of mainstream healthcare. Savvos members know the cost when scheduling care, and providers are paid immediately; this unique combination reduces medical costs up to 90% compared to traditional networks or legacy billing practices. The implementation of immediate cash payment solutions within health plans has resulted in a drastic cost reduction compared to billed charges, contracted rates, direct contracts, and allowable amounts for elective outpatient care. The examples below are pulled from actual procedure requests within the Savvos system:Example 1: Inguinal Hernia RepairCPT Code 49505Zip Code 46123Proposed Cost Without Savvos:Billed Charge for Facility Only: $19,739Allowed Charge for Facility: $13,560Allowed Charge for Surgeon: $2,200 (estimated cost)Allowed Charge for Anesthesia: $800 (estimated cost)Total Allowed Charge without Savvos: $16,560Savvos Solution:Immediate Cash Pay Bundled Price: $8,330Result: 49.7% reduction in costs through SavvosExample 2: Tympanostomy CPT Code 69436Zip Code 23502Proposed Cost Without Savvos:Allowed Charge for Bundled Price: $11,810Savvos Solution:Immediate Cash Pay Bundled Price: $2,200Result: 81.4% reduction in costs through SavvosExample 3: Cervical Disc RepCPT Code 22856Zip Code 80233Proposed Cost Without Savvos:Billed Charge for Facility & Anesthesia: $85,000Allowed Charge for Facility & Anesthesia: $34,450Allowed Charge for Surgeon: $4,068Total Allowed Charge without Savvos: $38,518Savvos Solution:Immediate Cash Pay Bundled Price: $12,500Result: 67.55% reduction in costs through SavvosExample 4: Total Lap HysterectomyCPT Code 58570Zip Code 92861Proposed Cost Without Savvos:Allowed Charge for Facility: $27,325Allowed Charge for Surgeon: $4,200Allowed Charge for Anesthesia: $1,108Total Allowed Charge without Savvos: $32,633Savvos Solution:Immediate Cash Pay Bundled Price: $7,895Result: 76% reduction in costs through SavvosThe movement towards price transparency requires more than a casual listing of chargemaster prices or regional averages. Savvos connects patients with actual prices from facilities located in the patient’s local market, resulting in dramatic cost savings to the health plan. Most patients are provided with generous financial incentives to engage with affordable providers through Savvos, including waiving the deductible or waiving all out-of-pocket costs. The results of implementing Savvos are powerful:1.Enhanced member experience through Savvos messaging center that connects all parties involved in the decision-making process for a specific procedure2.Dramatic cost reductions for health plans3.Improved member benefits through generous incentives such as deductible waivers4.Immediate cash payment to participating providers