One of the biggest issues facing employers today is the unsustainable rising costs of healthcare. Employers have responded by using Health Savings Accounts and Health Reimbursement Arrangements which have helped, but employees are still having problems finding healthcare pricing in advance. Largely for lack of transparency. If an employee is somehow lucky enough to get a price in advance, the price is nonnegotiable, so transparency alone can not be monetized. It just helps you know how much you are being overcharged. Even then, the price of a procedure can vary greatly in one zip code alone. Just as an example, we found the price of a colonoscopy in one city being charged at anywhere from $850 to $3500.
At MediBid, our average price for a colonoscopy is $650 and our low price is $535. Our price is lower than the lowest insurance provider cost, all because of the transparency and competition our system provides.
When a company buys a printer, they generally tender it out, and get 3 competitive bids, but that’s not how they buy healthcare. But that is exactly how MediBid buys healthcare, by tendering out every procedure. Now employers and TPAs can apply competitive bidding to their health plan with MediBid. Call us at 888-855-6334 to learn more.
Employers and TPAs (Third Party Administrators) can dramatically reduce their healthcare costs by harnessing the power of competition and transparency available through MediBid using our affordable employee healthcare plan for Employers and TPAs. Help us change healthcare for the better. Medium to large employers can easily reduce their healthcare spending by 15% to 40%, sometimes even more. By engaging your employees, they save costs and you, the plan sponsor, saves cost.
The simple fact is that price fixing with no transparency isn’t good enough any more. Employers faced with increased expenses, new taxes, lower sales need this relief. For a no obligation discussion with one of our experienced benefits consultants, please call us, or fill out our contact form.