Tennessee Patent of the Month – February 2023

MDsave, Inc. was founded to make healthcare accessible to everyone. Their approach? Changing the way we shop for care. With the increasing cost of healthcare services, patients are looking for ways to cut expenses without compromising quality care. MDsave provides a solution that helps patients find the right healthcare provider and compare prices across different facilities.

The company has recently been granted a patent for their solution, which offers a platform that allows patients to access medical services at a bundled price. The platform offers a selection of healthcare services provided by various medical practitioners, which patients can choose based on their needs. The bundled price is determined by several factors, including the patient’s health insurance deductible and the location and time of service provision.

With MDsave’s platform, patients can compare the cost of medical procedures across different providers, so they can choose the best option that suits their budget. The platform enables patients to make informed decisions about their medical expenses, which can help reduce the financial burden associated with medical care.

The platform is user-friendly, and it allows patients to search for medical services in their area, select their preferred provider, and schedule an appointment. It also provides users with a unique confirmation number generated for each voucher to track the redemption status of the voucher.

One of the significant advantages is its ability to reduce medical expenses for patients on high deductible health plans. Such plans require patients to pay cash payments for medical services until the high deductible is satisfied. By bundling medical procedures, patients can save money and maximize the benefits of their high deductible plans.

MDsave is a testament to the fact that innovative solutions can transform the healthcare industry and help address the issue of rising healthcare costs.

Are you developing new technology for an existing application? Did you know your development work could be eligible for the R&D Tax Credit and you can receive up to 14% back on your expenses? Even if your development isn’t successful your work may still qualify for R&D credits (i.e. you don’t need to have a patent to qualify). To find out more, please contact a Swanson Reed R&D Specialist today or check out our free online eligibility test.

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Swanson Reed is one of the U.S.’ largest Specialist R&D tax advisory firms. We manage all facets of the R&D tax credit program, from claim preparation and audit compliance to claim disputes.

Swanson Reed regularly hosts free webinars and provides free IRS CE and CPE credits for CPAs. For more information please visit us at www.swansonreed.com/webinars or contact your usual Swanson Reed representative.

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