Murfreesboro, TN, January 28, 2011 --(PR.com
)-- MediBid - The Marketplace for Medicine® - announced today that they are now working with a faith based, health care cost sharing program, to aid its members in getting the best price and value for their medical care.
"MediBid users frequently get Bids for medical care that are as low as one-fourth of the surveyed average US billing price," said Ralph Weber, MediBid.com founder and CEO. "Working with this new group allows us to share that savings with even more people."
MediBid.com users are called 'Bidders' and 'Seekers' within the website's online marketplace. Bidders can be doctors, hospitals, or surgery centers both locally and around the world. Seekers post a request for medical care, which is viewed anonymously by the Bidders able to perform the surgery or therapy being asked for. Then, Bidders respond to the Seeker in the form of a Bid, which includes the price, location, and inclusions of service for that price. "It's a free-market system and every Bid is unique, so prices can vary depending on where the Seeker is willing to travel to, and what their needs are," said Weber. Seekers also have the ability to browse through profiles and request Bids from Bidders they are interested in.
“The larger the medical procedure, the more potential we have to save the Seeker money,” commented Weber. “Something like a request for a dental cleaning may only save $10 or $20, but with something like joint replacement surgery or cancer treatment we have the potential to help save thousands of dollars per patient.”
The Public Policy Specialist with this new group projects up to 50,000 program members, including subscriber family members, will be given access to the MediBid.com engine to receive Bids the next time they are faced with a potentially expensive medical procedure. If used for large ticket items, the potential savings could be in the tens-of-thousands easily, which benefits everyone in the group because it is a self-funded, cost sharing program.
MediBid.com works with other self-insured groups in the US and Canada to help them save on their medical expenses. Individuals who use a Health Savings Account or have no insurance can also use the MediBid.com engine to save on their medical expenses. Posting a request for Bids is just $25.
MediBid.com is an interactive marketplace that empowers cash paying patients to seek medical care from doctors, hospitals, and facilities locally and around the world. Patients who use MediBid's uncompromisingly unique, highly secure, needs-matching technology can acquire the best cost-to-value services anywhere.