BRENTWOOD, Tenn.--(BUSINESS WIRE)--MDSave, the first and only healthcare e-commerce company that enables patients to research, compare and purchase healthcare services at a significant discount directly from physicians online, announced today the appointment of former U.S. Senate Majority Leader Bill Frist, M.D., to its board of directors.
“MDSave has the potential to be one of the most disruptive and transformative technology platforms in healthcare today,” said Sen. Frist. “We need an e-commerce solution that brings together patients and doctors with quality information, cost transparency and healthcare services purchasing. With every individual’s health costs continuing to rise, and millions set to purchase high deductible plans, MDSave is only going to become more of a go-to solution as it scales and expands into new markets.”
Sen. Frist represented the state of Tennessee for 12 years in the U.S. Senate, including four years as Senate Majority Leader. Under his leadership, Congress passed the 2003 Medicare Prescription Drug, Improvement and Modernization Act and approved unprecedented levels of funding for the fight against HIV/AIDS. Sen. Frist gained recognition earlier in his career as a world-renowned heart and lung transplant surgeon and founder of the Vanderbilt Multi-Organ Transplant Center.
“Bill Frist is one of the most respected healthcare thinkers, practitioners and policy experts in the world today,” said Paul Ketchel, MDSave co-founder and chief executive officer. “For years, he has recognized the opportunity to make healthcare more affordable through technology and transparency in pricing and quality. We are thrilled that he has joined our board and sees the opportunity for MDSave to transform the delivery of affordable healthcare services in America.”
Sen. Frist is currently a senior fellow and co-chair of the Health Project at the Bipartisan Policy Center. His board service includes the Robert Wood Johnson Foundation, the Kaiser Family Foundation, the Center for Strategic and International Studies, the Clinton Bush Haiti Fund and First Lady Michelle Obama’s Partnership for a Healthier America campaign. Sen. Frist is also a partner at Cressey & Company, a Chicago-based private equity firm focused on the healthcare industry.
Launched in June 2012, MDSave provides consumers with a single online resource to research, compare and purchase healthcare services in their community. Providers offer their services at a discount of up to 60 percent and consumers can select a doctor based on his or her rating from other MDSave users. The site recently added a library of information about common diseases and procedures, including cost transparency where available for MDSave physicians, high deductible insurance plans and the uninsured.
MDSave is a consumer-driven healthcare technology company based in Brentwood, Tenn. MDSave uses e-commerce technologies to lower the cost of healthcare for consumers and increase provider profitability. For more information, visit www.mdsave.com.