Health tech startup CashMD launches new healthcare platform to bring transparency to $3.5 trillion healthcare industry

The United States spends $3.5 trillion or $10,739 per person in 2017 on health care. That’s about 17.9 percent share of US gross domestic product (GDP). One of the challenges facing the healthcare industry is transparency–making available to the public, in a reliable, and understandable manner, information on the health care system’s quality, efficiency and consumer experience with care, which includes price and quality data, so as to influence the behavior of patients, providers, payers, and others to achieve better outcomes (quality and cost of care).

This is one of the problems CashMD, a health tech startup, is on mission to solve with its healthcare platform that will revolutionize the healthcare industry for patients, medical professionals and politicians alike. Today, CashMD announced the launch of cashmd.com, a one-of-a-kind online healthcare platform offering transparent pricing for virtually all healthcare-related procedures in a desired location.

CashMD story is an inspiring one. One of the co-founders is Denny Brummett, a dentist in private practice for almost 20 years. He has witnessed firsthand the struggles of a broken healthcare system, specifically as it relates to medical insurance and the barriers that it has created between patient & provider; between health & care. He heared frequently about how our current healthcare system has failed both patients and providers – but it wasn’t until he had a troubling experience with his own health that he became passionate about wanting to help “fix” a broken healthcare system…to find a better way.

Currently, American patients are underserved and frustrated by a healthcare system that leaves them feeling powerless and oftentimes confused. This is one of the problems CashMD is embodies the concept that transparency is the foundation of any economically functional system. Transparency in healthcare pricing is a non-partisan concept that has acquired universal support and weighs heavily on the minds of the American public and government officials.

“We are pleased to provide a solution to current healthcare system frustrations,” said Dr. Denny Brummett, Founder of CashMD. “CashMD is a ‘one stop shop’ offering pricing that is fair and transparent, offering flexibility and expedience to American patients and the healthcare industry.”

The launch of CashMD will ignite a paradigm shift in the healthcare industry through a smart, streamlined approach to align healthcare providers and patients by simplifying access to care and compensation. With CashMD, patients can efficiently compare local providers’ prices, make a selection, and book an appointment. The platform allows patients to choose their path to better health and financial peace of mind -with no surprise billing. For healthcare providers, CashMD provides a simple, cash pay model, designed to help providers attract new patients, realize revenues faster and restore the autonomy to make the best treatment decisions for their patients.

The startup is planning a full market launch in the Fall of 2019, and is now enabling early-access registrations at cashmd.com.