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Vendor Benefits Summary PDF Print E-mail
There is more to success than just building the best product.  You need to:
  • Get the attention of payers of all sizes and types and inform them about your service;
  • Give payers a viable way to implement your service - within the context of their overall cost containment program;
  • Give payers a way to try out your service that is practical for both parties, without making a major up-front commitment of resources;
  • Assure that you can negotiate a competitive but reasonable price for your service;
  • Conduct operations for each customer with high quality and low cost;
  • Build and grow a strong relationship with your customer over time.                                                                               
In order to reach the goals above, you need the ability to:
  • Compete in an open market, and on a level playing field!
  • Have your services out in front of and accessible by payers;
  • Establish a direct relationship with your partners from the beginning - including negotiating business terms - and grow the relationship through attentive account management and excellent operational support;
  • Enable your payer prospect to implement your service without significant effort on their part to modify their billflow to accommodate you;
  • Take advantage of changing market and legislative conditions to implement multiple payers quickly;
  • Make sure you always have available high quality implementation resources to begin custom implementations with little lead time;
  • Keep operations simple and cost low while managing and supporting a large number of payers - each of which needs custom formats, schedules, transports and transaction codes - without putting an impossible burden on your IT department.
  • Be able to introduce new service options and even brand new services with little or no concern about distribution and implementation.
And what are your current alternatives to meet these goals?
  • Internally develop point-to-point transaction interfaces, plus custom setup to handle the management and support of multiple payers;
  • Audition to become a vendor partner of one or more major intermiediaries that offer one-stop-shopping and a single connection to their payer market,  while giving up relationships and a substantial portion of revenue in return;

OR

  • Join the Dr Bill Exchange community and remove the technology and access constraints while establishing your own customer relationships and terms.

 Note that none of these alternatives are exclusive with the other.  So how do these alternatives compare?

 

 

Point-to-Point Interface Per Client

Use Intermediary (ex. Bill Review Vendor)

Dr Bill Exchange

Open Market & Level Playing FieldPoor to fair.  This high-investment, labor-intensive approach is a significant disadvantage to any payer putting together a national program.Very poor. These institutions help create the problem with their exclusive relationships, high markups on vendor services, costly interfaces and other bottlenecks.

Excellent. Its perfect integration with payer systems; neutral third party business model; and growing community of members defines open marlet and levels the playing field for all vendors. 

 

Putting Services In Front Of PayersFair.  You are on your own.

Fair to very good.  Depending on the intermediary used, significant market share may be available.

 

Good to excellent, over time.  In an open market, potential market share only goes up.  Significant market share exists already. 
Fit Your Services Into Customer’s ProgramPoor.Poor.  Customers have very limited flexibility in this model.

Excellent. This benefit has never before been available, and changes the landscape for payers, enabling them to use more services and vendors. 

 

Direct RelationshipExcellent.  But can be colored by operational or IT issues.

Very poor to fair.  Depending on the vendor, relationship will be at best ‘shared’ right from the beginning. 

 

Excellent.  Dr Bill does not intrude on the business relationship; it just manages and delivers bills.  It can often hide or deflect operational issues.

 

Easy, Inexpensive Trials

Fair.  Usually limited to short-term, low volume trials. Samples are small and manual processes are prone to error. 

 

Poor to Fair.  At best, does not get in the way.Excellent.  If you’re on the Exchange, this is easy to do electronically.
Quick Response To Market ChangesPoor.  Requires multiple full joint implementations, new operational complexties, etc. 

Good, but limited.  If you happen to be one of the chosen vendors this may work out - as long as no technology changes are required. 

 

Excellent.  Payers can change their routing plans in minutes to send bills to you. 
Time To MarketVery poor to good.  Depends on capabilities, schedule, and other IT activities. Poor to good.  Depending on the vendor, and their capabilities, schedule and other IT activities. 

Excellent.  The Exchange is built for this, and if the Payer is already on board, time to market is even faster.

 

Operational Complexity & Cost

Very poor to fair.  Added business is good, but WC payer formats are custom; payers dictate transport methods and transmission schedules;  error correction is your burden.  Complexity and cost growth is significant and increases with volume. 

 

Very good once established.  Often a very difficult initial implementation.  Ongoing operations should be relatively easy, though terms are dictated by the intermediary.Excellent.  Send and receive bills in your favorite format, and on your own schedule.  We’ll take care of getting them back to the payers on their terms.
Introduce New FeaturesVery poor to good.  If your new feature/service does not require any new data, or return codes, things may go well.  Otherwise, choose between the risk of a major modification or the major cost of a new implementation. Very poor to poor.  Need to sell it to intermediary first.  If new features require any change or added work from the intermediary, introduction will be slow or non-existent.

Excellent. The Exchange can introduce new products almost instantly if no interface changes are required; within days if new return codes are needed; approximately two weeks for a new interface. Can be offered as combined offering, new and separate service, or both.

 


It's not really surprising that Dr Bill Exchange scores well -- it was designed to perform exactly these functions and nothing else.  With its one-connection-to-reach-all-members design and neutral third party business model, it is the perfect answer to building an open market solution. 

But be aware that the Exchange does change the payer market.  Payers are no longer tied to a single proprietary solution.  This means they will use many more services than in the past. The most attractive vendors become those who are willing to work within the payer’s new framework, and those willing to provide services that are part of many payers’ programs rather than fight for a small and decreasing number of “winner takes all” programs.  This new framework will produce many more payer-vendor relationships and re-pricing opportunities than in the past – yet at lower cost and complexity.  We see this already with our current customers.  There will be many winners in the new model.

 
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Going to Boston?

... for the RIMS conference?  If so, we'd like to see you in person.  We will be in town on April 26th and 27th.  Call us at 800-827-0281 x902, or write us at info@drbillexchange.

Thanks For Visiting

We are the leading independent, open market service managing and moving medical bills and associated information between insurance payers and business partners such as re-pricing vendors, analytics vendors, and government.  We already work with some of the largest household-name insurers, PPOs, and specialty vendors in the U. S., delivering optimal medical savings, simplified processes,  better operational information, streamlined operations, improved customer service and expense savings.

Allow us to Show You

The Dr Bill Exchanges are modern and powerful tools used by medical bill payers and their re-pricing and analytics vendors.  Contact us soon to learn how you can get better control of your business and achieve the outcomes you want.  Write  This e-mail address is being protected from spam bots, you need JavaScript enabled to view it  or call 800-827-0281 x902.

Random Note

Payer  Benefit: Freedom of Choice

Payers can choose today from the best performing networks, negotiators, and bill review and specialty review vendors.  Create your own terms and relationships.  Dr Bill makes it easy to assemble operate a best-of-breed national re-pricing program.  Dr Bill is the only realistic open market, neutral third party solution available in medical bill re-pricing.

 

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