Healthcare

doesn't always

feel like a benefit.

We created TALON to put Healthcare Independence back into your hands. It’s time to take flight.

Our Story

Healthcare spending has been strangling businesses for way too long.

Healthcare spending has been strangling businesses for way too long. As pointed out by Warren Buffet – “Medical costs are the tapeworm of American economic competitiveness.”

Driven by two principles, Radical Transparency and Healthcare Consumerism, TALON was founded to repair America’s incredibly dysfunctional employer-sponsored health insurance market.

After getting his third startup off the ground, serial entrepreneur and New Hampshire native Mark Galvin grew frustrated with the ever-increasing, unsustainable cost of building a competitive, affordable benefits program for his employees. And just like any other problem the innovator aimed to solve; Mark began to ask questions.

  1. Why does employer-sponsored health insurance cost so much?
  2. Why do healthcare costs continue to grow?
  3. How can I control my group’s healthcare costs?

It was time to shift the paradigm.

Rather than offer a low-deductible copay health plan with excessively high premiums, Galvin created the Ultimate Health Plan. As a high-deductible health plan (HDHP), the Ultimate Health Plan pairs a Health Savings Account (HSA) and Health Reimbursement Arrangement (HRA). As a result of the high deductible, the previously exorbitant premiums became dividends, which Galvin passed to his employees as contributions to their HSAs. With the HSA funded and the HRA stacked upon it, Galvin and his employees’ out-of-pocket exposure was zero. Zilch. Nada.

The effects were groundbreaking. The Ultimate Health Plan™ aligned employees’ financial interests with the company’s, and the results speak for themselves.

  • Saved 32% on overall benefit costs in Year 1
  • 75% of all dollars deposited to employee’s HSAs remained
  • Health insurance premiums dropped by 7% in Year 2

Still, Galvin and his team faced issues regarding their healthcare costs. And like many breakthrough innovations, Mark first needed to face the problem himself.

During an annual check-up, Mark’s physician recommended a procedure to performed at a local hospital. Given his new consumer-driven plan design, Mark asked “Ok, well, how much does it cost?”

His physician, to no fault of his own, responded “I don’t know, it might be cheaper elsewhere, it might be more expensive. I want to send you to a low-cost, high-quality provider. See what you can find.”

As it turns out, his doctor wasn’t the only one who didn’t know how much it was going to cost. Mark reached out to a handful of price transparency firms, his own insurance carrier, and local healthcare providers. Mark soon realized these prices, unlike every other functional market in America, weren’t going to show themselves. They were being hidden from him, and Mark suspected intentionally. The answer to Mark’s questions began to crystallize.

Leveraging connections in his state’s capital, Mark gained access to the New Hampshire Insurance Department’s Comprehensive Health Information System. This system is a database of every medical claim filed in New Hampshire from the last 12 years. And, with the information veil lifted, the answers to Mark’s question became evident; Healthcare insurance costs are high and continue to grow because;

  • commercially insured patients pay extremely inflated prices when compared to Medicare/Medicaid patients.
  • radical price variation exists between in-network provides for the SAME procedure.
  • commercially insured patients, unaware of the radical price variation and with very little incentive to shop for low-cost, high-quality care, over-pay by upwards of 10x to 20x, resulting in excessive waste.

Realizing just how impactful this information could be, Mark approached Matt Robinson about building an easy-to-use, personalized platform that helps its users effortlessly identify and navigate to high-value medical care. The beginnings of TALON HealthTech™ were hatched.

Today, TALON is the premier healthcare consumerism platform, providing radical transparency, a seamless user experience, and intuitive behavioral nudges to drive out waste and drive up value on behalf of employers and their employees.

Out of the box

solutions

ready right

now.

Our Team’s goal is simple – a free market approach to healthcare. It starts with radical transparency and empowered healthcare consumers. Join our mission and rise above.

Our Team

A passionate team dedicated to building an efficient marketplace for the finest healthcare outcomes.

Our Management Team

Mark Galvin

Co-founder, President, & CEO

Mr. Galvin has consulted to the White House on healthcare transparency initiatives and at a wide variety of technology industry events. His companies’ innovations have been covered in many major media outlets including Forbes, Money Magazine, the Wall Street Journal, the New York Times and Huffington Post. Prior to co-founding MyMedicalShopper, Mark established two NH-based technology accelerators that launched over a dozen companies. Previously, he founded four VC-backed tech startup companies and led them to growth rates that ranked each in the 100 fastest-growing private companies in the U.S., as measured by the Inc. 500.

Matt Robinson

Co-founder, VP of Engineering

Matt is a full-stack developer who specializes in SaaS-based, responsive web (RWD) applications built on the Meteor framework (Node.js, MongoDB). Matt is heavily involved in all aspects of engineering, from designing and implementing the platform architecture, numerous frontend features, automating critical data-mining and data-maintenance processes, as well as critical external integrations on the backend. Matt holds a BS and MS in Computer Science from the University of New Hampshire.

Jason Jeffords

Chief Technology Officer

Jason is a serial entrepreneur, innovator, and educator with more than 25 years experience in creating award-winning products and solutions. Throughout his career he has been at the forefront of each great technology wave including networking and telecommunications, cloud computing, big data and analytics, machine learning, and the Internet of Things (IoT). Jason is a professor in computer engineering and data analytics at both UNH and SNHU.

David Spear

EVP of Sales & Sales Strategy

Dave is a strategic, passionate, and results-driven marketing & sales executive, successfully launching and developing new companies, markets, and products for significant growth. Dave graduated from Rose-Hulman Institute of Technology and completed the Harvard Business School’s Advanced Management Program (AMP).

Evan Young

Head of Data Analytics & Finance

Evan brings deep financial modeling capabilities, cutting-edge big data analysis skills, and data visualization expertise. He is one of the industry’s most experienced managers of commercial medical claims data, and he is responsible for conceptualizing and executing the unique data aggregation process currently powering MyMedicalShopper’s price transparency platform.

Our Business Advisory Board

Ofer Nemirovsky

Business Advisory Board Member

Ofer Nemirovsky is semi-retired from HarbourVest where he joined in 1986 and served as a managing director through 2014. He’s currently a Senior Advisor providing input on firm strategy, investments, and other HarbourVest matters. During his 29-year tenure with HarbourVest, Ofer concentrated on direct co-investments and pioneered the direct team’s early focus on software companies.

Robert Wadsworth

Business Advisory Board Member

Rob Wadsworth is a 30-year veteran of the VC and PE industry as Managing Director and now, Senior Advisor at HarborVest Partners. Rob managed the Firm’s global direct investment activity and served on the Executive Management Committee. He’s responsible for over 300 of HarbourVest’s direct co-investments and served as a director at nearly 50 of those companies, including six publicly traded companies.

Rouzbeh Yassini

Business Advisory Board Member

Dr. Rouzbeh Yassini is the Founder and CEO of YAS Capital Partners LLC. He gained an international reputation as a broadband visionary and known as the “father of the cable modem.” Rouzbeh serves as a board member on several privately and publicly held companies, including managing and advising technology companies ranging from 100 million to 50 billion dollars.

Michael Daigle

Business Advisory Board Member

Mr. Daigle has over 40 years’ experience in the Risk Management, Insurance, Treasury and Private Equity fields. As an equity investor in early stage firms disrupting the medical, microbial disinfectant and pet markets and previously as co-founder and Director of a successful local $500M community bank, his experience includes seed to early revenue stage equity fund raising, guidance in developing and executing operational and financial plans, contract negotiation and general business expertise through firm monetization and liquidity. Mike holds Board, Board Chair, interim CEO and interim COO positions while leaning in with assistance as required.

Our Industry Advisory Board

Jeffery Carlisle

Industry Advisory Board Member

Jeff Carlisle is the CEO of Pneuma Systems Corporation with over 30 years of experience in developing innovative healthcare solutions for consumers. Jeff founded five separate companies dedicated to solving unmet clinical and operational needs in healthcare and is the owner of several US Patents for his inventions and developments in medical devices.

David Jensen

Industry Advisory Board Member

Mr. Jensen served as the President and CEO of Blue Cross and Blue Shield of New Hampshire and was responsible Anthem Insurance’s NH operations. David was also the Acting CEO of the Foundation for Informed Medical Decision Making, President of Healthsource Management, Director of the Business and Industry Association of New Hampshire, and Director of New American Healthcare.

Mark Smith

Industry Advisory Board Member

Mark is an insurance broker veteran with over 20 years of experience and former Chief Executive Officer, USI New England, a Goldman Sachs Capital Partner Company. Mark founded miEdge™ with a vision to provide the insurance industry the ultimate unfair advantage. Mark came to the United States in 1999. He’s an (ACII) Associate of the Chartered Insurance Institute in London, UK and a (CIC) Certified Insurance Counselor.

Michael Daigle

Industry Advisory Board Member

Mr. Daigle has over 40 years’ experience in the Risk Management, Insurance, Treasury and Private Equity fields. As an equity investor in early stage firms disrupting the medical, microbial disinfectant and pet markets and previously as co-founder and Director of a successful local $500M community bank, his experience includes seed to early revenue stage equity fund raising, guidance in developing and executing operational and financial plans, contract negotiation and general business expertise through firm monetization and liquidity. Mike holds Board, Board Chair, interim CEO and interim COO positions while leaning in with assistance as required.

Healthcare is the

bottom line.

Here’s how we’ve delivered for our users.

See what

Real Transparency

can do for you.

Learn what Real Transparency and Healthcare Consumerism look like for your company or clients.