About MDsave

MDsave is the world’s first online healthcare marketplace, bringing together patients seeking affordable, quality care with providers offering trustworthy services at fair prices.

Follow Us

Health Vocabulary: Bundled Care

Published by MDsave on Jul 28, 2016

girl-with-light-bulb

Americans love bundles. Babies are bundles of joy, and we all like to save a bundle, or even better, make a bundle. Now, bundles have been brought to healthcare, in response to the frustrating and unpredictable medical billing process.

Think back on the last time you had a medical event. How many bills showed up afterwards? Sometimes, you receive bills from people you never saw – maybe from a lab company who you’ve never interacted with in person, an anesthesia group, a surgery group, or a consulting physician you never met. In the end, you can end up with multiple bills for one service, from providers whose services you never even knew you were getting.

Bundled care is a solution to that broken billing system. It means having one transparent, comprehensive price for your procedure that includes all of the related fees – even those phantom providers.

Bundling healthcare is a relatively new idea. Traditionally, healthcare employs fee-for-service line-item billing. Every provider contributing to a procedure invoices separately and collects payment from the patient in their own way. Bundling means that related fees are billed together, and then each of the contributing providers has their fee distributed to them out of the patient’s lump payment. For healthcare consumers, it means one bill, with a transparent price. How’s that for a bundle of joy? 

About MDsave

MDsave contracts directly with trusted  providers to offer pre-negotiated savings to patients. Compare local prices, save money, and buy your procedure  — all in one place. From imaging to cardiac assessments, view our complete list of services and participating physicians. Learn more.

Share

Category

Blog Entries
Autorize.Net
Better Business Bureau
Aptible: HIPAA Compliance
KLAS
SOC2

© Copyright 2024 MDsave Incorporated.

All Rights Reserved.