Silicon Slopes has named Savvos Health its Official Health Technology Partner, spotlighting a payment model that eliminates the traditional healthcare claim. Instead of processing claims after care is delivered, Savvos' SmartPay platform enables health plans to pay providers immediately at transparent, pre-negotiated prices. The platform currently supports more than 300,000 lives.

Savvos contends that healthcare claims—not medical care itself—drive much of the industry's complexity and inflated costs. By replacing claims with immediate payment, the company says employers can lower healthcare spending while simplifying the experience for providers and members.

Key Takeaways

• Replacing claims: SmartPay pays providers at the point of care using pre-negotiated bundled prices, eliminating the need for traditional claims.

• Lower costs: Customer case studies report savings ranging from 66% to 89% on procedures such as heart ablations, knee replacements, and chemotherapy.

• Better experience: Providers are paid immediately, members often have no out-of-pocket costs, and health plans avoid lengthy claims processing.

• Strategic partnership: Silicon Slopes is showcasing Savvos as an example of Utah innovation challenging long-standing industry assumptions.

Read the full press release here.

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