Investor Overview

The market that price discovery
forgot to build.

US healthcare is a $4.5T industry where patients have no prices and providers have no way to fill idle capacity. MedBid fixes both — with a mechanism, not just a mandate.

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1.15M
Hospital lawsuits filed against patients in Virginia alone — 15-year study
43%
Of hospitals now posting fewer prices than last year despite federal law requiring full disclosure
39%
Average gap: cash prices are 39% cheaper than insurer-negotiated rates — yet patients rarely know
Source: PatientRightsAdvocate.org. MedBid is not affiliated with PRA.
$4.5T
Total US healthcare spend — the world's largest single market
$59.5B
Direct Primary Care market (2024), growing to $92.9B by 2034 — MedBid's core provider supply
$7.35B
Concierge medicine market (2024), 10.33% CAGR through 2030 — cash-pay providers with structural idle capacity
1M+
Americans who lost ACA coverage in 2026 — price-motivated, cash-pay patient cohort
The two-sided market opportunity
Demand side — patients
Uninsured, underinsured, high-deductible enrollees, and the ACA dropout cohort. $1,800 average annual out-of-pocket spend, growing. Motivated to shop for price.
⇄
Supply side — providers
DPC and concierge practices have structurally limited panels (300–600 patients) with 30–90 min appointments — generating daily idle capacity and zero insurance overhead. Cash-pay aligned by design.
Ecosystem Position

MedBid is the transaction layer the cash-pay stack is missing.

A growing infrastructure of DPC platforms, concierge software, and patient-facing apps has been built around cash-pay medicine. None of them have a marketplace for filling idle capacity. MedBid plugs into this stack as the demand-side engine.

Practice Management
Hint Health
Leading DPC subscription management platform. Integration allows MedBid to surface open slots from Hint-managed practices directly to patients.
Atlas MD
DPC-native EHR with billing tools. MedBid integration = automated slot availability sync.
Practice Infrastructure
CaraMedical
Launches branded patient apps, telehealth, and pharmacy fulfillment for cash-pay practices. Complementary layer — CaraMedical handles the practice brand; MedBid fills the schedule.
Partnership opportunity
CaraMedical's provider network is a direct MedBid acquisition channel. Joint go-to-market removes cold-start friction.
Wellness & Fitness
Gyms, Studios, Trainers
100% cash-pay, structurally idle capacity (off-peak classes, unbooked trainer hours). MedBid's wellness vertical extends the TAM without diluting clinical credibility.
Zero licensing friction
Wellness providers go live in 24 hours — no medical credentialing required. Faster supply-side growth, higher transaction frequency.
Patient Advocacy — Referral Ally
PatientRightsAdvocate.org (PRA)
Leading US nonprofit fighting for hospital price transparency compliance. Publishes state-by-state Hospital Price Finder tools including Nevada — MedBid's Las Vegas market. PRA drives awareness of price opacity; MedBid provides the action layer. Natural co-referral: PRA sends patients who can't find prices to MedBid; MedBid sends patients who receive unexpected bills to PRA's free "How to Fight" guide.
Nevada tool live Nonprofit — not a competitor Co-referral opportunity
Provider Network — Supply Pipeline
Free Market Medical Association (FMMA)
Network of price-transparent surgery centers and facilities across the US — Surgery Center of Oklahoma, Texas Free Market Surgery, OSS Health, and others. These providers have already committed to upfront pricing and cash-pay patients. They are MedBid's natural early adopter provider base: pre-qualified, philosophically aligned, and actively looking for price-motivated patients to fill capacity.
Pre-aligned on cash-pay National network Cold-start shortcut
The network-effect flywheel
More patients
post requests
→
More providers
join & compete
→
Better bids
lower prices
→
Richer data
deepens moat
Proven Precedent

Cost Plus Drugs did it for pharmaceuticals.
MedBid is doing it for procedures.

Mark Cuban proved that radical price transparency — eliminating the middleman and publishing the real cost — creates an entirely new market. MedBid applies the same logic to healthcare services, with one key upgrade: a market mechanism instead of a fixed margin.

"We're treating the whole person plus their wallet. The price for patients goes down as our volumes go up."

— Mark Cuban, Cost Plus Drugs co-founder

Same insight. Stronger mechanism.

Cost Plus Drugs eliminated PBM middlemen and published a transparent margin (cost + 15%). This works for manufactured generics where the cost floor is knowable. For services — MRIs, surgeries, consults — the cost floor is opaque and varies by geography, provider size, and utilization.

MedBid doesn't need to know the cost floor. The reverse-bid market discovers it. Providers reveal their actual floor price when they're competing for a patient's open slot. That's a more defensible and scalable mechanism than any fixed-margin model.

Cost Plus Drugs
Fixed Margin
Cost + 15% + fees. Works for drugs where cost is knowable. Requires vertical manufacturing integration.
MedBid
Market Discovery
Reverse bidding reveals the true floor price. Works for services where costs are opaque. Network-effect flywheel.
Regulatory Tailwind

The government is building MedBid's market for us.

Three concurrent regulatory and legislative forces are driving patients toward price-transparent, cash-pay alternatives — exactly what MedBid delivers.

Legislation
Patients Deserve Price Tags Act
Bipartisan support in both House and Senate. Would codify existing transparency rules and expand mandatory disclosure requirements — normalizing the expectation that prices are knowable before care.
Active in 2026 Congress
Executive Action
HHS Federal Hospital Price List
HHS Secretary Kennedy announced the federal government will host a public hospital service price list. Any provider accepting Medicare or Medicaid must post prices publicly — driving demand for tools that help patients act on that data.
Announced Q1 2026
Market Shock
ACA Subsidy Expiration
The expiration of enhanced ACA tax credits caused premiums to more than double for millions. Over 1 million people dropped coverage in 2026, creating the largest cohort of self-pay, price-motivated patients in a decade.
January 1, 2026
Industry Baseline

FAIR Health tells patients what things cost.
MedBid gets them below it.

FAIR Health is the most credible independent healthcare cost database in the US — adopted by New York, Connecticut, and other states as the legal benchmark for surprise billing protections. It answers the question "what do providers charge?" MedBid answers the question "what will a provider actually accept right now?"

FAIR Health Consumer
fairhealthconsumer.org
✓Tens of billions of private claim records from major US insurers
✓Cost estimates by geozip across 493 areas nationwide
✓Percentile-ranked charges and allowed amounts for 300+ services
✓Adopted as legal standard in multiple states — institutional credibility
✗Historical charge data only — knowing the median doesn't get patients the median price
✗No marketplace, no provider competition, no price negotiation mechanism
✗Consumer site limited to personal use — no commercial data access without licensing
MedBid
medbid.ai
✓Displays CMS public median charges as the visible benchmark — patients know what's "normal"
✓Directs patients to FAIR Health's free tool for ZIP-specific estimates — no data reproduced
✓Live reverse-bid market gets patients below whatever the benchmark shows
✓Every accepted bid is a real cash transaction price — data FAIR Health's claims model cannot capture
✓Formal data licensing partnership with FAIR Health is a near-term business development target
How they complement each other
FAIR Health
What it costs
MedBid
Beat the price
Strategic partnership opportunity
FAIR Health is an independent nonprofit — not a competitor. Their commercial arm (fairhealth.org) licenses benchmark data products to the healthcare industry. A formal licensing arrangement or co-branding partnership would give MedBid instant institutional credibility with hospital systems, insurers, and regulators who already trust the FAIR Health name. Their consumer site is state-law-referenced, federally recognized, and bilingual — an ideal endorsement layer for MedBid's market positioning.
Competitive Landscape

Why existing solutions fall short

Current platforms show prices — but they don't let patients shop. MedBid introduces true reverse-bid market dynamics that no competitor offers.

Capability Sesame MDSave MediBid MedBid
Transparent pricing✓✓✓✓
Providers compete for patients——Limited✓
Patient sets target price———✓
Real-time bid notifications———✓
ZIP-based geographic matchingBasicBasic—✓
B2B / employer offeringLimited✓—✓
Proprietary price database———✓
Bilingual EN/ES patient support———✓
No subscription fee for patients—✓—✓
The Data Advantage

A proprietary dataset that deepens with every transaction

Every bid submitted and every accepted price becomes a data point no competitor can replicate without building the marketplace first.

LAYER 01
Sub-benchmark transaction prices
Public datasets (CMS, chargemasters) show what providers bill. MedBid captures what providers actually accept in a competitive cash market. Every accepted bid is a real transaction price below the national median — a dataset that simply doesn't exist anywhere else.
LAYER 02
Procedure × geography × time
Prices vary by ZIP code, specialty, provider size, and season. MedBid's dataset maps these dimensions continuously — eventually knowing that lumbar MRIs in South San Jose run 18% cheaper than in Palo Alto.
LAYER 03
Provider bidding behavior
Understanding how and when providers adjust bids reveals price elasticity patterns that can be monetized through yield management tools sold back to providers as a SaaS product — a second revenue flywheel.
Revenue Model

Three compounding revenue streams

Network-effect flywheel: more patients attract more providers, better bids attract more patients, and every transaction deepens a data asset no competitor can replicate.

Transaction fee (5–8%)
Charged to providers on each accepted bid. Providers only pay when they win. Low enough to be invisible in their margin, meaningful enough to scale with volume.
B2B / Employer SaaS
Self-insured employers pay a PEPM (per employee per month) fee for MedBid as a healthcare cost-containment benefit. Recurring, predictable, high-margin revenue.
Data & Intelligence API
Healthcare price data sold via API to insurers, TPAs, benefit consultants, and researchers. Defensible, high-margin, grows in value as the transaction dataset compounds.

Let's talk about the opportunity.

We're raising a seed round to fund provider network development, HIPAA infrastructure, and growth marketing in San Jose and Las Vegas — two high-density bilingual markets with proven demand.

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