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.
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Cash is king because it lowers the cost of providing care.
The doctor doesn’t have to deal with insurance billing, delayed payment or collections. That’s about 25-30% of their overhead.
Our independent providers don’t charge “facility fees” which are allowed by insurers to compensate hospitals for costs associated with operating a hospital.
Our providers are competing for patients against Billion Dollar plus Health conglomerates.