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 Physician Premium Profile: $249.99 per year or $24.99 per month
- Displays credentials and other desired details
- Can bid on requests in four medical categories
- Provides ability to view all open requests in the four medical categories selected
- An unlimited number bids can be submitted per year to requests made under selected medical categories
- Automatic bid submittal option for static pricing
- Ability to link to participating facility profiles when provided the facility key code