Pratter Teaser
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Pratter.us is a consumer advocacy company that provides a medical cost savings employee benefit service allowing employees to look up procedure prices by zip code on their website. This creates medical cost transparency which Pratter believes will save Americans billions by allowing consumers to make informed healthcare decisions. Pratter partners with stop loss carriers, TPAs, and brokers to access their members and operates on a monthly fee per employee revenue model that promises a great return for employers and employees.
Pratter Teaser
- 1. Atlanta Charlotte New York 2400 Lakeview Parkway, Suite 400 121 W. Trade Street, Suite 2175 125 Park Avenue, 25th Floor Alpharetta, GA 30009 Charlotte, NC 28202 New York, NY 10017 Securities offered through Bridge Capital Associates, Inc. Member FINRA/SIPC www.cokercapital.com CONFIDENTIAL Founded in 2014, Pratter.us (or the “Company”) is a consumer advocacy company that believes that healthcare consumers should know the cost of their medical care before they buy it. There are three trillion dollars with hidden price tags spent each year on health care in the United States. Pratter is placing a spotlight on these costs to help save working Americans billions of dollars. As the only independent medical cost transparency company, meaning the Company is not affiliated with a health insurance company, Pratter is well positioned to capitalize on the opportunity to create access to affordable medical care for all. Pratter offers a medical cost savings employee benefit service which allows employees of participating businesses to look up their medical procedure price by zip code on the Company’s website. In doing so, the consumer can make informed decisions about how much they are willing to pay for healthcare. Or as the Company would say, “Known prices create smart shopping. Known prices create competition. And with competition, the consumer wins every time with lower health care costs.” Pratter is partnering with stop loss carriers, third party administrators (TPAs), and employee benefit/brokerage firms to create true medical cost transparency. The Company operates on a per employee per month (PEPM) revenue model that is certain to provide a great return on investment for both employers and employees. 60.0 36.0 26.0 7.4 Target Demographic: 130 million Working Americans Small Business Employees Business Groups on Health Sole Proprietors Private Union Memebers Company Overview • Independent and not Financially Influenced by Insurance Companies • High Barriers to Entry and Proven Ability to Navigate Regulatory Environment • Compelling Value Proposition and Cost-Saving Solution • Attractive Financial and Operational Profile • Highly Experienced Management Team • Strong Market Position as the Only Independent Medical Cost Transparency Company • Continued Growth in Demand for Access to Accurate Medical Procedure Pricing • Well Positioned to Capitalize on Americans’ Aversion to Sky Rocketing Medical Costs Investment Highlights Addressable Market / Growth Strategy Pratter’s growth strategy involves making key alliances with channel partners in order to gain access to their members. Possible channel partners include: Competitive Landscape Change Healthcare Compass PHS Castlight Pratter Pricing Serves only 5,000 + Co $5 – $7 PEPM $7 PEPM $2.50 PEPM BCBS BCBS Employer Employer 600 Cost Items ? ? ? ✔ Medical Biller Concierge Service ✔ Search and Compare Engine ✔ Hospital Upload Portal ✔ Company Alliance Employer Consumer Channel Partner Size Health Insurance Brokers 600,000 Brokers Third Party Administrators (TPAs) 560 TPAs Associations Business Groups on Health 36mm Lives Integrated Benefits Institute 20mm Lives Unions 7.4mm Members