SpendWell Health, an online marketplace for health care services, has partnered with PaySpan®, Inc., a 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. PaySpan creates 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.