September 25, 2016 8:19 AM ET

Health Care Technology

Company Overview of Medical and Dental Commerce Corporation

Company Overview

Medical and Dental Commerce Corporation, doing business as Brighter, operates an online marketplace that connects members with dentists. It provides Brighter, a platform that allows self-pay patients to manage their oral health by giving them access to pre-negotiated prices at various certified dentists. The company’s Brighter enables patients to access profiles of dentists, including dentists' education and credentials, office amenities, patient reviews, appointment schedules, pricing, videos, and photos. It also provides Brighter PRO (proactive remittance organization), a cloud-based dental benefits platform that simplifies employer self-insurance. The company’s Brighter PRO includes plan ...

501 Santa Monica Boulevard

Suite 403

Santa Monica, CA 90401

United States

Founded in 2010

Phone:

310-883-2341

Key Executives for Medical and Dental Commerce Corporation

Founder, Chief Executive Officer and Director
Age: 56
Chief Financial Officer and General Counsel
Age: 54
Vice President of Sales & Operations
Senior Vice President and General Manager
Vice President of Product
Compensation as of Fiscal Year 2016.

Medical and Dental Commerce Corporation Key Developments

Bbrighter Announces New Brighter Pro Platform

Brighter announced its new Brighter PRO platform, an important first step for employers to regain control of their ever increasing benefits costs by leveraging technology to substantially reduce their dental claims and administrative expenses. Brighter PRO offers employers an end-to-end solution that combines its revolutionary dental shopping platform where dentists compete based on cost, quality and convenience with its new communications and claims payment software, which achieves greater transactional efficiencies in plan administration. The result is a new health plan model that actually lowers costs while increasing employee satisfaction. Brighter PRO (Proactive Remittance Organization) is the natural technological evolution of healthcare's PPO(Preferred Provider Organization) network model, generating savings for providers through efficiencies in claims adjudication, co-payment billing and communications. They can in turn use those savings to compete for more patient volume by reducing their prices on Brighter's dental shopping platform. The employee experience is also dramatically improved with user-friendly web and mobile access to solutions that make it easier for them to manage their dental needs. They can compare dentists to reduce out-of-pocket costs, research dentists' quality scores, schedule appointments online and even receive reminders for follow-up visits and procedures. Brighter PRO members enjoy the same tools and conveniences they have come to expect when making every other purchasing decision in their lives. Brighter PRO is a full-service solution for employers of all sizes that want to self-fund their dental benefits to maximize their savings. It brings everything together in one platform--including plan design, pricing, actuarial analysis, claims adjudication, cost and quality transparency, provider discount networks, data analytics, compliance, wellness outreach and member services.

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Recent Private Companies Transactions

Type
Date
Target
Private Placement
April 1, 2016
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