Sunday, August 18, 2013

Travelocity of Health care

Medibid allows hospitals to "dump" their unused capacity at much cheaper prices:

A full knee replacement, which is billed at a rate of $50,000 or more can usually qualify for an insurance discount reducing the cost to $25,000. This same procedure can be done through MediBid at a cost of $10,000 in a US facility, or as low as $7,500 overseas. By allowing doctors in the US to compete on an equal playing field with overseas providers, the patient wins. MediBid harnesses the power of Domestic Medical Tourism.

Hat tip:  Matt (come by for a 3rd edition coffee mug)

2 comments:

  1. This same procedure can be done through MediBid at a cost of $10,000 in a US facility, or as low as $7,500 overseas. By allowing doctors in the US to compete on an equal playing field with overseas providers, the patient wins. cancer treatment

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  2. This is a very smart service that will ultimately benefit patients as this website creates market competition for healthcare services. With competitiveness comes the opportunity for differentiation amongst competitors. Competitors will ultimately attempt to provide the best quality care while offering their services at a price that will be attractive to the consumer. In addition to this physicians now have the ability to reach more customers through this website. The demand created ensures increased profit margins that wouldn't have been available without this service.

    This service would also provide long term success for providers whom differentiate themselves. Through excellent customer reviews and rating physicians can ultimately attract more customer which will lead to high demand and lower prices due to the volume of procedures they would be performing. Its a win win for the customers as well as the providers.

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