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HealthSparq and SpendWell Join Forces to Create First-of-its-kind Platform for Health Care Comparison Shopping and Appointment Purchasing

(Portland, OR) Cambia Health Solutions announced today that its companies HealthSparq and SpendWell Health will join under the HealthSparq name to offer an unprecedented health care shopping and e-commerce experience. The platform will allow health plan members to comparison shop for care, and then purchase medical appointments all in one setting.

HealthSparq is a leader in health care shopping, giving 72 million insured people across 70 health plans access to the vital information they need to compare procedures and providers. SpendWell offers an e-commerce platform with “buy now” health care capability.

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“It’s been a huge goal of ours to create a true online health care shopping experience reminiscent of an Amazon model, and thanks to the cutting edge e-commerce technology developed by the SpendWell team, we can now do that.”

Scott Decker
President and CEO of HealthSparq

SpendWell Health Wins Three Fierce Innovation Awards

(Portland, OR) SpendWell Health, the market leader in health care e-commerce and a digital health success platform, has been awarded in two categories in this year’s Fierce Innovation Awards: Payer Edition, a CIO-reviewed awards program from the publisher of FierceHealthPayer and FierceHealthcare. SpendWell was recognized as a “Best In Show” winner, FierceHealthPayer’s most prestigious award, in the category of Cost Savings. SpendWell also won in the categories of Digital Solutions and Financial/Operational Solutions. Watch the winners announcement now!

The Fierce Innovation Awards recognize pioneering technologies and solutions that will catapult the health payer industry into exciting new realms. Finalists were chosen by a distinguished panel of executives from major health plans.

All applications were evaluated based on the following criteria: technology innovation, financial impact/value, competitive advantage, member experience/member outcomes, market need, and overall fierceness and innovation. Finalists were selected based on calculation of the judges’ scores in each area.

SpendWell’s benefits-integrated e-commerce marketplace is a health care shopping platform that inspires consumers (defined as individual plan members, group plan members and employees) to shop, compare and buy health care products and services directly from providers. SpendWell empowers consumers by giving them “buy now” capabilities and known provider pricing, and also provides them with information on provider benchmark comparison pricing, embedded telehealth services, member reviews, and personalized health benefit information. SpendWell creates a real-time, rational and sustainable health care marketplace.

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“The Fierce Innovation Awards is an annual year-end focal point for payers, and the health care industry at large, and SpendWell is humbled to be included in the prestigious company of past and present winners. SpendWell looks forward to building upon this recognition from FierceHealthcare and our reputation of innovation in Digital Health and Financial/Operational solutions by expanding our delivery of a real-time platform and retail-oriented online shopping experience with known provider prices to health plans, employers and consumers in 2016.”

Marcee Chmait
President of SpendWell

SpendWell President Marcee Chmait Recognized for Two Innovation Awards

(Portland, OR) Marcee Chmait, retail health care pioneer and president of SpendWell Health, was recently named an Industry Innovator in the Health Care Consumerism Superstars and Industry Innovators awards, and a Bronze award winner for Innovator of the Year in the annual Stevie Awards for Women in Business.

The two awards recognize leaders like Marcee who are driving impactful change in their industries. The Health Care Consumerism awards specifically honor those in the health care consumerism space, while the Stevie Awards for Women in Business honor women executives, entrepreneurs and employees from all industries worldwide.

With more than 20 years health care experience, Chmait has been a leader of innovation in the industry by incubating forward-thinking ideas into sustainable business models. SpendWell launched in early 2015 to bring e-commerce to health care, and has since been honored by Gartner as a “Cool Vendor” and recognized in multiple PricewaterhouseCoopers research notes as an innovator towards the inevitable new health care landscape.

Learn more about the Health Care Consumerism Superstars and Industry Innovators Awards and the Stevie Awards for Women in Business.

“I’m thrilled and honored to be recognized for two innovation awards. Earning these awards demonstrates that SpendWell is an innovative solution that makes health care more transparent, affordable and person-focused.”

Marcee Chmait
President of SpendWell

NaviNet Enters Strategic Partnership With SpendWell Health

Joint solution to deliver improved payer and provider administrative efficiency, better medical cost savings and patient satisfaction throughout healthcare marketplace.

(Boston, MA.) NaviNet, Inc., America’s leading healthcare collaboration network, today announced a strategic partnership with SpendWell Health Inc., a wholly owned subsidiary of Cambia Health Solutions, to provide health plans, third-party administrators (TPAs) and self-funded employers with an e-commerce platform that enables members to purchase bundled healthcare services directly from providers. SpendWell’s retail marketplace provides an effective solution for consumers struggling with rising out-of-pocket healthcare costs while giving them more visibility into their actual cost of care. By integrating SpendWell with NaviNet’s multi-payer portal platform, this joint solution helps payers and providers reduce administrative costs associated with eligibility verification, claims submissions, collection risks and customer service calls. It also improves member satisfaction and retention in an increasingly competitive marketplace. The market for shoppable procedures as defined by the Advisory Board is more than $700 billion according to its recent report, “Blueprint for Growth 2020: Product, Pricing, and Sales Strategies for a Retail Market for Health Care.”

“Our payer customers are asking us for solutions that help drive greater value for their provider networks while improving the experience for their members and reducing costs,” said Chuck Digate, senior vice president of sales, marketing and business development at NaviNet. “SpendWell’s e-commerce platform enables consumers to take immediate action with buy-now ecommerce purchasing, uniquely configured for healthcare industry workflow requirements and compliance. This partnership helps NaviNet to rapidly meet evolving payer needs, while delivering a pre-service patient payment solution and a differentiating online marketplace for our network of 170,000 provider offices nationwide as the industry continues its shift towards healthcare consumerization.”

The SpendWell e-commerce platform seamlessly plugs into a payer’s existing member portal, helping plans to improve patient loyalty, satisfaction and engagement. Integration with NaviNet Open enables a health plan’s network of providers to quickly process marketplace orders, submit claims for services rendered, and receive payment, all within NaviNet’s user-friendly, multi-payer portal experience.

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“Health plans, TPAs and self-funded employers are tired of the lackluster results of proprietary, standalone tools with challenging data silos that lack true real-time interoperability. The key ingredient to expanding consumer value and improved stakeholder experience, satisfaction and engagement is adding the display of real provider prices with meaningful contextual data through integrated tools across the workflow continuum—from electronic eligibility to services rendered to electronic payment. Our partnership with NaviNet delivers on these objectives and provides significant market differentiation to health plans and TPAs.”

Marcee Chmait
President of SpendWell

SpendWell Named a “Cool Vendor” by Gartner

SpendWell Health™, an e-commerce marketplace for health care services, announced today that it has been named a “Cool Vendor” by Gartner in the April 24, 2015 report titled Cool Vendors in Healthcare Payers, 2015 by Jeff Cribbs, Constance Sjoquist, Robert H. Booz, Benoit J. Lheureux. The report highlights innovative vendors, products and services in health care technology—which serve as leading indicators into new trends in the health care payer market.

SpendWell’s solution delivers the next generation of health care online shopping—going beyond just showing the estimated costs of services. Instead, SpendWell’s unique e-commerce platform displays real-time buy now pricing information from health care providers and allows insured shoppers to purchase services directly from them. While payers and employers are already making price transparency tools available to consumers, adoption of these tools has been historically low. According to the Gartner report, “to drive consumer adoption, the market needs to think more expansively about the ways medical shopping can create value for consumers.”

SpendWell brings insured consumers and providers together in an online marketplace that makes health care as simple as shop, compare and buy. With clear, upfront pricing, SpendWell eliminates confusion and helps make the process of buying and selling care easy for both consumers and providers.

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“To drive consumer adoption, the market needs to think more expansively about the ways medical shopping can create value for consumers.”

Cool Vendors in Healthcare Payers, 2015, published by Gartner on April 24, 2015

SpendWell Partners with Leading Hearing Network

SpendWell Health™, an e-commerce marketplace for health care services, has signed an agreement with American Hearing Benefits®, a national network of hearing professionals making it easy to achieve an improved quality of life through better hearing.

SpendWell is building a nationwide e-commerce marketplace to give insured consumers a way to shop for and purchase quality routine health care services at competitive prices. The marketplace gives providers an opportunity to expand their business and treat more direct pay patients with no financial risk.

“SpendWell’s e-commerce solution is the perfect complement to American Hearing Benefits,” said Dan Quall, Managing Director of American Hearing Benefits. “We believe that everyone should have easy access to professional hearing consultants. SpendWell creates this accessibility.”

As high-deductible health plan adoption continues to grow, consumers bear more responsibility for their health care costs. As a result, employers are exploring platforms like SpendWell to help their employees manage their health care spending, while still receiving quality care.

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“American Hearing Benefits’ commitment to improving the quality of life through better hearing underscores SpendWell’s commitment to providing high-quality providers and services nationwide. Adding hearing professionals and their associated services to SpendWell’s marketplace helps fulfill our mission of transforming how people shop and pay for health care.”

Marcee Chmait,
President of SpendWell

SpendWell Announces Strategic Alignment with HealthCare Executive Group

SpendWell Health™, the leading health care e-commerce solution, has signed on to sponsor the HealthCare Executive Group (HCEG), a nationwide network of select executives and thought leaders. Previously the Managed Care Executive Group, the recently relaunched HCEG has expanded its charter to provide a comprehensive focus on the industry as a whole, allowing sponsor organizations like SpendWell the opportunity to collectively navigate the tactical and strategic issues facing the industry by providing a platform that promotes health care innovation and positive industry transformation.

SpendWell is a nationwide online marketplace that enables consumers who have health insurance with a deductible to shop for and purchase quality routine health care services while viewing their out-of-pocket cost share, consumer reviews and actual “buy now” prices from providers. Putting consumers directly in touch with a comprehensive catalog of routine health providers creates an actionable consumer shopping culture and an engaged community of health consumers (locally and nationally), sharing experiences and best practices needed for a trusted health care e-commerce experience. The Advisory Board Company recently estimated the market size for shoppable health procedures at $700 billion.

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“HCEG stood out due to their focus on health care consumerism initiatives and the interoperability needed to better activate and enable consumers, whose cost share continues to increase, to achieve better health status and health value.”

Marcee Chmait,
President of SpendWell

SpendWell Launches New Online Health Care Marketplace to Large Employer Group

SpendWell Health™, an online marketplace for health care services, celebrated its launch to its first customer today, opening its doors to Cambia Health Solutions employees and their covered dependents.

SpendWell delivers the next generation of online shopping for health care services, combining real-time price transparency with e-commerce. SpendWell’s unique platform shows actual prices for a variety of routine health care services and allows shoppers to buy those services directly from providers. Integration with the shopper’s insurance plan makes health care as simple as shop, compare and buy.

Through the SpendWell marketplace, employees can search and select providers and services based on cost, quality, location and more. By displaying pricing upfront, SpendWell empowers employees to make more informed decisions and gain greater control over how their health care dollars are spent. A range of services are available for purchase, including primary and urgent care, telehealth visits, lab tests, imaging, complementary and alternative medicine, behavioral health and more.

Cambia employees are the first in the nation to gain access to SpendWell’s platform—giving them the opportunity to shop the marketplace for routine care before anyone else. Their participation also will provide valuable insight to help SpendWell create the best possible experience for other health care consumers. SpendWell is a wholly owned subsidiary of Cambia Health Solutions.

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“In today’s health economy, both employees and employers are looking for ways to better manage their health care costs.”

Marcee Chmait,
President of SpendWell

SpendWell Partners with Leading Lab Test and Health Screening Network

SpendWell Health™,an online marketplace for health care services, has signed an agreement with Ulta Lab Tests®, a nationwide network of affordable, physician-approved laboratory testing services. Through the partnership, Ulta Lab Tests can now expand the reach of its services through SpendWell’s e-commerce platform, helping them reach consumers on high-deductible health plans.

SpendWell is building a nationwide online marketplace to give consumers with high deductibles a way to shop for quality routine health care services at competitive prices. The marketplace gives providers an opportunity to expand their business and treat more cash-pay patients with no financial risk.

“SpendWell’s marketplace platform is an ideal extension for Ulta Lab Tests,” said John Roehm, CEO and co-founder of Ulta Lab Tests.

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“SpendWell’s marketplace platform is an ideal extension for Ulta Lab Tests.”

John Roehm,
CEO and co-founder of Ulta Lab Tests

SpendWell Partners with Leading Online Prescription Price Transparency Tool

SpendWell Health™, an online marketplace for health care services, has signed an agreement with WeRx, an online tool that allows shoppers to compare prescription drug prices at their local pharmacies. Through this partnership, WeRx can now expand the reach of its services through SpendWell’s e-commerce platform, helping to reach consumers on high-deductible health plans.

SpendWell is building a nationwide online marketplace to give consumers with high deductibles a way to shop for quality routine health care services at competitive prices. “We are excited to partner with a company that is transforming how patients shop for and purchase health care,” said Ali Khoshnevis, co-founder of WeRx.

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“SpendWell’s philosophy of eliminating surprises and confusion through their marketplace falls perfectly in line with WeRx’s services and mission.”

Ali Khoshnevis,
Co-founder of WeRx

SpendWell Partners with Leading Provider of Telehealth Services

SpendWell Health™, an online marketplace for health care services, has signed an agreement with MDLIVE, a leading telehealth provider of online and on-demand health care delivery services and software that benefit patients, hospitals, employers, payers, physician practice groups and accountable care organizations. Through the partnership, MDLIVE can now expand the reach of its services through SpendWell’s e-commerce platform to consumers on high-deductible health plans.

SpendWell is building a nationwide online marketplace to give consumers with high deductibles a way to shop for quality routine health care services at competitive prices. The marketplace gives providers an opportunity to expand their business and treat more cash-pay patients with no financial risk.

“We are excited to partner with a company that is transforming how patients interact with health care,” stated Randy Parker, CEO of MDLIVE. “The SpendWell marketplace is a complementary extension of MDLIVE’s services.”

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“We are excited to partner with a company that is transforming how patients interact with health care.”

Randy Parker,
CEO of MDLIVE

SpendWell Partners with One of the Largest Vision Networks in the US

SpendWell Health™, an online marketplace for health care services, has signed an agreement with Davis Vision, one of the nation’s largest eye care provider networks with more than 44,000 providers and over 19 million members. Through the partnership, optometrists, ophthalmologists and opticians within the Davis Vision network can now expand their business’ reach through SpendWell’s e-commerce platform to provide cash-based health care services.

SpendWell is building a nationwide online marketplace to give consumers with high deductibles a way to shop for quality routine health care services at competitive prices. The marketplace gives providers an opportunity to expand their business and treat more cash-pay patients with no financial risk.

“Davis Vision is devoted to supporting our provider network with new tools for attracting customers and remaining competitive within an expanding direct-pay health care market,” states Donna Geringer, SVP of Exchanges, National Accounts and Network Development, Davis Vision.

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“Davis Vision is devoted to supporting our provider network with new tools for attracting customers and remaining competitive within an expanding direct-pay health care market.”

Donna Geringer,
SVP, Davis Vision

SpendWell and PaySpan Partner to Enable an Innovative Health Care Consumer Experience That Strengthens Provider Reimbursement

SpendWell Health™, an online marketplace for health care services, has partnered with PaySpan, Inc., the leading provider of health care reimbursement and payment automation services. Through the partnership, the SpendWell consumer retail experience of shopping for routine health care services now reaches PaySpan’s network of more than 700,000 health care providers. Together the partnership transforms how people shop for health care, provides financial benefits to providers, and promotes a patient experience that is more affordable, administratively efficient and economically sustainable.

SpendWell is leveraging PaySpan’s financial network to reach providers, payers and consumers to create a nationwide online marketplace to give consumers with high-deductible plans a way to shop for quality routine health care services at competitive and fair prices, while creating new opportunities for providers to expand their business by treating more cash-pay patients with no financial risk. Through a competitive market search and solution evaluation process, SpendWell selected PaySpan to power its financial reimbursement infrastructure for consumers, health plan members, patients, providers and payers using PaySpan’s Patient Centered Financial Home® commerce framework.

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“Our partnership with SpendWell brings to market a new era of health care economics to help people live well, through informed care purchases, utilization of their benefits, and efficient management of their patient responsibility amounts.”

Kevin Arner,
Chief Executive Officer of PaySpan

SpendWell Adds New Provider Group to Online Marketplace

SpendWell Health™, an online marketplace for health care services, has signed an agreement with PREFERRED Therapy Providers Inc., a network of more than 1,200 physical, occupational and speech therapy clinics nationwide. Through the partnership, members of PREFERRED’s network can now expand their business’ reach through SpendWell’s e-commerce platform to provide cash-based health care services.

SpendWell is building a nationwide online marketplace to give consumers with high deductibles a way to shop for quality routine health care services at competitive and fair prices. The marketplace gives providers an opportunity to expand their business and treat more cash-paying patients with no financial risk.

PREFERRED was founded on the principle of connecting our providers with resources that support and grow their businesses,” said Steven Allred, President of PREFERRED Therapy Providers, Inc.

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“SpendWell’s online marketplace gives our members a way to offer their services at clear, real-time pricing and attract patients who are looking for providers who understand their need to be smart with their health care dollars.”

Steven Allred,
President of PREFERRED Therapy Providers, Inc.

Online Marketplace Expected to Transform Health Care

New company SpendWell Health, Inc.™ has a vision: to transform how people shop and pay for health care services. How will they accomplish this vision? They're building an e-commerce platform that gives people the power to purchase health care services at known prices.

Consider that today, according to The Commonwealth Fund, 38 percent of the roughly 156 million Americans receiving health insurance through the workplace have a high-deductible health plan. That's a 20 percent increase from 2006. And this number is expected to continue to grow. This leaves employers with a responsibility to provide tools that help their employees save money as employees look for ways to spend their dollars wisely.

Cambia Health Solutions, Inc., which as a company has a 75 percent adoption rate for high-deductible health plans combined with a health savings account, knows a lot about creating smarter health care consumers. The key to smarter health care is to provide tools people can use to maximize their health care dollars.

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“Cambia is committed to offering solutions that empower people and encourage smart decisions when it comes to health care.”

Dudley Slater,
President of Cambia's Direct Health Solutions

In the news

Media contact Christine Lynch
christine.lynch@spendwellhealth.com