Find new cash pay patients
In the medical world, a commission or kick back for a medical service is considered illegal fee splitting. However, just as a specialist can place an ad in the phone book to market to consumers, it’s both ethical and legal for a medical specialist to market their services to patients through similar directory listings, assuming that the patient pays the doctor directly. Patients on MediBid will contract with you and pay you directly. After you join MediBid with an annual membership, there won’t be any other fees. You can place as many Bids as you want and accept as many patients as you want. There are no limitations. You can even use MediBid to attract inbound medical tourists. Take back your practice and take back medicine with MediBid.
An Interactive Medical Directory
When you register as a Bidder on MediBid, you’ll have access to cash paying patients seeking care. Compare that to a phone book ad - not everyone who picks up a phone book is looking for a medical specialist, but everyone one who joins MediBid is. Patients pay a fee per request placed to ensure that only serious Seekers are requesting Bids from you. Patients can review your profile in our interactive medical directory, and send a request to you directly asking you to review their information and Bid. Similarly, you can browse through the patients currently trying to find a doctor or surgeon. You can’t do that with a traditional doctor directory.
What do you mean “Bid?”
Your Bid on MediBid is a custom price quote given directly to the patient. Just as a contractor might give a bid for a job, medical specialists are given the opportunity to give a ‘job bid’ for a patient. This Bid is much more than a price quote because it lists what you will and won’t include in that price based on the unique needs of the patient. MediBid lets you take back medicine by setting your own rates, terms, and conditions. Patients are not looking for the most affordable medical care on MediBid, but they do want a specialist that will give them honest, upfront pricing. Your Bid is an offer to provide the service they need on terms that are right for you.
Every Patient is Unique
A medical billing code only allows you to do so much within a set price. With MediBid, you don’t need any billing codes. Every patient is unique, which means you can customize your Bid to best suit you and the patient.
Many medical providers are concerned about giving a Bid to a patient without enough information upfront. If a particular patient asking for treatment doesn’t provide enough information, give them a Bid for a consultation only. If another has uploaded a referral and the images or lab results you need, give them a Bid for the procedure with or without facility fees built in. They are direct contracting with you, not us. Their health is their decision and they value your opinion. That’s why they want to see you and will pay cash to do so. All patient agreements on MediBid are made with the understanding that the price in the bid you gave them does not include complications
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“I only want certain types of patients”
If you are an individual practitioner and there are procedures that you see on MediBid that you can’t offer, then don’t check the box next to that procedure when you register. It’s that simple! There are over 600 procedures available on MediBid. Check the boxes for medical procedures you want to see new patients for. Even if it is only one procedure, we can still help you connect with patients when they are looking for that one procedure you want to offer.
“I want to enhance my practice with domestic and international medical tourists”
Registering on MediBid.com, you have many ways you can enhance your practice. You can expand your patient pool by finding patients willing to travel for care from within the US or from international destinations. You can reduce overhead by getting multiple bids for outsourced services such as x-rays and lab work by becoming a Seeker yourself, and let other doctors and technicians give you a bid. You can grow your practice by finding more patients in need of your services, because after a patient has been to your office once, they are likely going to become a patient for life. Thousands of patients travel overseas for care every year, both to and from the United States. MediBid will help you connect with them.
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“I want to improve my cash flow but don’t have time for much marketing”
Cash flow: the Achilles’ heel of medical practices. You provide care and incur expenses, only to receive payment 30 to 180 days later and probably at a rate cut well under your actual costs. With MediBid, the money comes in when the patient comes in because MediBid patients are cash paying patients. There’s no waiting for payment. MediBid will help your practice grow and become more profitable. Set up your profile and let MediBid handle the marketing for you.
What kinds of advertising does MediBid do?
Lots! Bus ads, internet ads, radio spots, association benefits, magazine ads, articles for publication… the list goes on and on. We also network with many benefit administrators in the US and Canada. In fact, a large portion of our patients come from Canada and are looking to get off of the long waiting lists they’re on for medical care. Medical advertising is what we do!
“Third Party Payers control my reimbursements and patient load”
Whether you are looking to opt out of Medicare and third party payer systems or not, MediBid’s ‘elegant simplicity’ makes it easy for you to place a bid. Having practicing physicians on the MediBid board helps us keep a system design with doctors in mind. Once you create your profile, you will get an email with new patient matches based on the procedures you select. Imagine replacing four patients with MediCare paying $5 each with one willing to pay $20 cash. Wouldn’t you be able to spend 4 times as long with that one patient and give them your full attention? No billing or coding needed, just an upfront payment from the patient who values your time and skills, allowing you the freedom to give the quality care they both crave and deserve. Even if you aren’t ready to fully opt out of Medicare, you can supplement your practice with a few cash paying patients at a time until you find the balance that’s right for you.
Annual membership on MediBid is just $249
Compare that to what you might pay for one month for an ad in a phone book. More importantly, MediBid lets you see the return on your investment because you will know just how many patients found you this way. For most procedures, your membership fee will be recovered after receiving just one new cash paying patient. The majority of your annual membership fee goes right into our marketing budget to do medical marketing for you.