#192: How Cash-Pay Healthcare is Cutting Medical Costs by 50%: A CrowdHealth Success Story - Andy Schoonover

CrowdHealth is revolutionizing healthcare by creating a community-funded alternative to traditional insurance, where members pay cash for medical services at significantly lower rates while maintaining high-quality care. KISMET While most would assume large insurance companies like UnitedHealthcare (the 7th largest company by revenue globally) would negotiate the best rates, CrowdHealth members are actually securing medical procedures at about 50% of what insurance companies pay - typically around 130-140% of Medicare rates compared to insurance companies' 250-300%. EPISODE SUMMARY In this compelling interview, Andy Schoonover, founder of CrowdHealth, explains how his company is disrupting traditional healthcare financing. After a personal experience with insurance denying coverage for his daughter's medical procedure, Schoonover discovered that paying cash for healthcare services often costs significantly less than using insurance. CrowdHealth now serves 10,000 members who fund each other's healthcare needs, having processed 20,000 bills over three years. Members typically pay half what traditional insurance costs, without networks or complex paperwork. The company has successfully handled major medical events, including a $1 million emergency that was negotiated down to $200,000. CrowdHealth is also pioneering a new approach to wellness by offering discounts to metabolically healthy members, creating financial incentives for maintaining good health. The community aspect encourages members to make cost-conscious healthcare decisions, as they're helping fellow members rather than faceless insurance companies. Contact info for Andy Schoonover Invitee Email: [email protected] Twitter: https://x.com/JoinCrowdHealth Instagram: @joincrowdhealth Website: www.joincrowdhealth.com LinkedIn: CrowdHealth Send Dr. Ovadia a Text Message. (If you want a response, you must include your contact information.) Dr. Ovadia cannot respond here. To contact his team, please send an email to [email protected] WEBSITE: Stay Off My Kitchen Table Like what you hear? Head over to IFixHearts.com/book to grab a copy of my book, Stay Off My Operating Table.  Ready to go deeper? Talk to someone from my team at IFixHearts.com/talk. Ready to take control of your health?  Grab Dr. Ovadia’s brand new book Stay Off My Kitchen Table now!  This isn’t just another diet book; it reveals why it’s not just what you eat, but what your body actually absorbs that determines your health. If you’re struggling with low energy, stubborn weight, or feeling like “healthy eating” isn’t working… this book shows you exactly how to fix it. Learn how to reset your gut Eliminate hidden foods sabotaging your progress Unlock real energy, metabolism, and longevity Don’t wait until it’s too late. Take action today. Get your copy of Stay Off My Kitchen Table now. Learn More: Take Dr. Ovadia's metabolic health quiz: iFixHearts  Dr. Ovadia's website: Ovadia Heart Health Theme Song : Rage Against Written & Performed by Logan Gritton & Colin Gailey (c) 2016 Mercury Retro Recordings Any use of this intellectual property for text and data mining or computational analysis including as training material for artificial intelligence systems is strictly prohibited without express written consent from Dr. Philip Ovadia.