Local entrepreneurs Paul Ketchel and Clyde Spencer have launched a Web-based service that aims to give self-pay patients and those with high-deductible insurance plans the ability to compare and save on their health care spending.
MDSave lets patients privately compare the cost of medical procedures offered by area physicians, who post their total prices to the site. The service is now available in Tennessee and plans to expand to several other cities in the next year.
“We created MDSave.com to solve two major problems in the U.S. healthcare system,” said Ketchel, who is CEO. “First, to dramatically reduce the cost patients are paying for health care and second, to significantly decrease the long payment cycles medical providers endure waiting for reimbursement.”
Spencer also is managing partner and CEO of Great South Surgical Solutions, which markets medical equipment and lab services. Ketchel is a former lobbyist who is married to the daughter of Marsha Blackburn.