The Patient Protection and Affordable Care Act (PPACA) will greatly increase the cost of medical care over the next few years, as it becomes fully implemented. Healthcare premiums will continue to increase to the point where they become totally unaffordable. MediBid presents the only real solution. When an employer purchases a healthcare plan currently, the medical costs which the plan pays are based on a system of price fixing which lacks transparency and competition. MediBid is the only solution based on transparency, competition, and market principles. Each and every medical procedure is tendered out to thousands of doctors across the US and overseas when the request is made. Real doctors respond to each request with a price which they have set, based on the information you provided. MediBid has been called the “Priceline of Healthcare” or the “Travelocity of Healthcare” because of this. MediBid presents a competitive alternative to insurance networks or PPOs. Our pricing is usually 50% lower than Healthcare BlueBook pricing.
Big companies follow a process when making large purchases called competitive bidding. This is how they can compare quality and price. MediBid does the same with each and every medical request: we tender it out! It works to increase quality, and decrease cost in every other corporate purchase, and it works in healthcare too!
Employers and Third Party Administrators (TPA’s) can harness our unique tools to add transparency and reduce costs in employee benefit plans. Transparency is good, but transparency alone will not save you money. When transparency is combined with doctors competing for your business you will achieve sustainable cost reduction, which will add to your overall cost containment strategy.
Employees log in to a proprietary online portal, so they can see the cost of care before they obtain it. They can select the procedure they need, then they see the amount covered under their employer’s health plan. Once they click on the MediBid button, their request will be tendered out. Employees usually get prices which are 80% lower than billed rates, and usually far less than the big insurance companies put as “allowed” rates on your Explanation of Benefits (EOB) slip.
With the costs of healthcare perched to see unprecedented increases in costs over the next 4 years, it is time for employers and patients to take more control of their healthcare costs. Let MediBid show you how you can save up to 80% on your healthcare costs, or over 40% on your insurance.
Click HERE to get your FREE whitepaper on healthcare cost reduction, and register for a no-oligaiton webinar.
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