Employer Benefits with uMedMarket
uMedMarket helps Employers Save Money
uMedMarket can help companies significantly reduce their annual claims experience, saving money for both employees and the employer. This works best if employers incentivize employees to shop for services at uMedMarket. The more employees use uMedMarket, the more everyone saves. This means employees aren’t paying $2,000 for an MRI, they’re paying $800. This also means fewer employees will hit their deductible, thus lowering employer’s claims experience and lowering reinsurance cost, if you are self-insured. To ensure quality, we screen the license and malpractice history of every provider we work with and review available third party quality data for our providers such as HealthGrades, Propublica Surgeon Scorecard, Leapfrog Hospital Safety Grade when available.
Pay Less
Employees pay less for services and so are less likely to reach their deductible and thus lowering the claims experience of the employers
Lower Claims Means Lower Costs
Employers experience lower total annual claims which can reduce reinsurance costs
Happy Employees
Employees pay less out-of-pocket for medical services and have more choice.