Physicians in the U.S., faced with increasing oversight, by government and other third-party payers, are looking for ways to attract cash-paying patients. MediBid is here to help.
Get new patients with ethical medical marketing to 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 or other flat-fee service sites, assuming that the patient pays the doctor directly. Patients on MediBid will directly 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 actively 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 normal 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 let's you take back medicine by setting your own rates, terms, and conditions. Patients are looking for the cheapest medical care on MediBid, they are looking for the 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.
Self Pay Health Care means 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 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 family physician opportunities, or I only want to get new chiropractic patients, etc.
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. We can't tell you how many specialists look through that procedure list and say "I can't really offer that." It isn't a problem for us, our patients, or for you. Really. Just check the boxes for 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 inbound 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 a lot of medical 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 and time. With MediBid, the money comes in when the patient comes in: MediBid patients are cash paying patients. So there's no waiting for payment. Properly used, MediBid will help your practice grow and become more profitable. Set up your profile and let MediBid handle the medical marketing for you.
What kinds of medical 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 a lot of 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 list they're on for medical care. Medical advertising is what we do!
ThirdThird Party Middle Men don't pay enough and I'm rushing from patient-to-patient
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, even with your busy schedule. 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 e-mail with patient matches that are right for you based on the procedures you select. Imagine replacing four patients from the MediCare pay scale at say, $5, with one willing to pay cash at a cost-to-value rate of $20. 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 letting you give them the quality they both crave and deserve. Even if you aren't ready to fully opt out of Medicare, you can supplement your practice with just a few cash paying patients at a time until you find the balance that's right for you.
The annual membership on MediBid is just $249 for an individual specialist in 2011
Compare that to what you might pay for one month for an ad in a phone book. More importantly, MediBid lets you clearly 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 cash paying patient. The majority of your annual membership fee goes right into our marketing budget to do medical marketing for you.
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