uMedMarket targets self insured, mid sized companies because we can significantly reduce their annual claims experience, saving money for both employees and the employer. We do this by providing a real marketplace that enables shopping by price and large savings incentivize your employees to shop for services. uMedMarket offers online shopping for basic healthcare services like lab tests, imaging and telemedicine at significantly lower costs that any insurance network. The more employees use uMedMarket, the more everyone saves. We also offer custom on-demand shopping for specialty services like childbirth, diagnostic procedures and surgery. These high-cost procedures may require travel (within the US) but can reduce costs by >50% over local providers. This can really save the employer money after employees reach their deductible limit.

How does all this work? If you are self insured, there are only two people paying for healthcare: you and your employee. uMedMarket leverages agreements with providers to give discounted cash prices to uMedMarket members. Employers subscribe to uMedMarket’s Shopping Service giving all your employees access to uMedMarket shopping. 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.