- CVS has invested heavily in its walk-in MinuteClinic medical clinics, and plans to double the number of locations to 1,000 by 2015. Retail clinics represent a new channel to deliver primary care services more conveniently and at lower cost to consumers. As a new entrant, retail clinics represent a threat to many traditional health care industry stakeholders; however, to consumers, health plans and employers they offer an important care alternative with a strong value proposition. They provide convenient health care 7 days a week, with affordable, transparent low prices.
Minor illness exam $69
Minor injury exam $69
Skin condition exam $69
Wellness & physical exams $19-$104
Health condition monitoring $69-$114
Vaccinations $29.95- $147
Not to be outdone, Wal-Mart is creating their own retail clinics, partnering with local healthcare providers to offer a similar cash for services concept.
- Similar in concept to priceline.com, pricedoc.com is an "online marketplace connecting healthcare providers with consumers looking for medical and dental procedures. PriceDoc enables consumers to compare and negotiate pricing on medical procedures in a given location in the U.S. while providers receive the benefit of generating patients who are willing to pay directly, out of pocket to the provider for their services. Featured within the web site are "Make Offer" and"Name Your Price," opening the door for consumers to negotiate with providers for the cost of their procedures."
- The No Insurance Club: Innovative Prepaid Medical Plans That Restore the Doctor-Patient Relationship. For an annual fee of just $480 for singles ($580 for couples and $680 for families) The No Insurance Club offers affordable pre-paid health care plans that cover basic medical services from a participating board-certified physician, with no deductibles, no additional premiums, and no co-payments. Services vary slightly depending on your location, but a $480 individual plan the typical physician covers 12-16 annual office visits, flu shot, pregnancy testing, EKG, an annual checkup, one sports physical, vision test, among other services
Wednesday, October 13, 2010
Move Over Obamacare Here Comes Disruptive Innovation
While the creators of Obamacare chose to disregard any market-based solutions in favor of a government command and control system, it is an encouraging sign that private companies are continuing to innovate using the market to make healthcare more available and affordable. Some examples are: