The Bidding Process
Benefits
- Steerage to your practice if a bid falls within a plan’s allowable as there is no cost sharing for the employee
- Reduction in Accounts Receivable eliminating the administrative burdens and overhead associated with billing
- Increase in Cash Flow/Net Profits
- Direct access to Employer Groups and Cash Patients across the Unites States
- Expanded Patient Market as 85% of individuals submitting bids requests are willing to travel for medical care
MediBid’s clients are just as concerned with quality as they are price and have on numerous occasions accepted the highest bid because there were other quality measures that appealed to them.
Defined Reimbursement Health Plans are open access allowing employees to choose medical providers based on the values that mean most to them. If they prefer the highest bidder and the bid price is above their allowable, they can pay that difference.
If a bid does fall within a plan’s allowable, cost sharing by the employee is waived thereby paying 100% of the employee’s medical expenses on a prompt pay basis, and in many cases, employers will even cover travel expenses.
Direct pay patients typically provide cash payment up front for desired medical care.
Product Pricing and Details
- MediBid Facility Profile Option 1: Facility Submits Bids
- MediBid Facility Profile Option 2: Participating Doctors Submit Bids
- Displays facility credentials and other desired details
- Up to 3 facility images featured
- Can list participating physicians including their specialties, education, and credentials
- An unlimited number of medical categories may be selected
- Ability to view all open requests for medical categories selected
- One bid can be submitted per bid request directly from facility
- Automatic bid submittal option for static pricing
$750 annually for the facility profile (discounted from $1,000)
$200 annually for each physician profile (discounted from $249)
- Ability to display facility credentials and other desired details
- Up to 3 facility images can be uploaded
- Can list participating physicians including their specialties, education, and credentials
- Participating physicians register separately and link to facility profile when provided the facility key code
- Facility can unlink a physician at any time
- Each physician profile has a link individuals can follow to view the facility profile
- Linked physicians can submit an unlimited number of bids in an unlimited number of categories
- Linked physicians can set up automatic bids for static pricing
- Facility can see all of the bids submitted by all linked physicians
- Facility can see all open patient requests