SpendWell Partners with One of the Largest Vision Networks in the US

Davis Vision’s providers gain access to new group of direct-pay patients

PORTLAND, OCTOBER 27, 2014 — SpendWell HealthTM, an online marketplace for health care services, has signed an agreement with Davis Vision, one of the nation’s largest eye care provider networks with more than 44,000 providers and over 19 million members. Through the partnership, optometrists, ophthalmologists and opticians within the Davis Vision network can now expand their business’ reach through SpendWell’s e-commerce platform to provide cash-based health care services.

SpendWell is building a nationwide online marketplace to give consumers with high deductibles a way to shop for quality routine health care services at competitive prices. The marketplace gives providers an opportunity to expand their business and treat more cash-pay patients with no financial risk.

“Davis Vision is devoted to supporting our provider network with new tools for attracting customers and remaining competitive within an expanding direct-pay health care market,” states Donna Geringer, SVP of Exchanges, National Accounts and Network Development, Davis Vision. Geringer continues, “SpendWell provides an easy way for our providers to attract new direct-pay patients by putting clear, real-time pricing in front of a growing number of customers who are looking to make smarter decisions with their health care dollars.”

As high-deductible health plan adoption continues to grow, consumers bear more responsibility for health care costs. As a result, employers are exploring benefits like SpendWell to help their employees manage their health care spending while still receiving quality care.

“Today’s consumers are looking for new, innovative ways to shop for health care services. We’re excited to partner with Davis Vision to empower SpendWell shoppers to find quality care at known prices,” notes Marcee Chmait, President of SpendWell. “Plus, through SpendWell’s online health services marketplace, Davis Vision providers will gain the ability to attract more direct-pay patients, boost revenue and reduce the administrative hassles of billing and claims.”

Davis Vision providers will be live on the SpendWell marketplace by the end of 2014. Optometry care will be curated so that direct-pay patients can easily understand services at competitive market prices.

Shopping with SpendWell is simple. Consumers search for health care providers and services, see reviews from other patients, determine their out-of-pocket costs for services, and pay online for selected services prior to the appointment. After the patient’s appointment, providers simply click to verify services and SpendWell releases the patient’s payment.

Examples of health care services that will be available on SpendWellHealth.com include provider office visits, laboratory tests, imaging, outpatient procedures and specialty services from chiropractors and acupuncturists as well as speech, occupational and physical therapists.

SpendWell is currently building its provider base prior to offering the service to employer groups nationwide. The SpendWell service is expected to launch in early 2015. For more information about SpendWell, visit SpendWellHealth.com.

About Davis Vision
Davis Vision has been providing comprehensive vision benefits for nearly 50 years, and currently serves more than 19 million vision care consumers with vision care programs nationwide through a provider network of ophthalmologists, optometrists and dispensing locations at more than 44,000 points of access, in both private and retail settings. For more information, visit davisvision.com.

About SpendWell
SpendWellTM is an online marketplace where employees with high-deductible health plans can shop and buy health care services directly from providers. With clear pricing on everything from routine wellness exams and preventive care to screenings and urgent care, employees will be able to maximize the health care dollars they have to spend. And caring for direct-pay patients will give providers more time to focus on people, not paperwork. SpendWell is a wholly owned subsidiary of Cambia Health Solutions, Inc. Learn more at CambiaHealth.com. For more information about SpendWell, visit SpendWellHealth.com

SOURCE: Cambia Health Solutions, Inc.