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Apr
10

The Time is Now!

By AlexFair Posted in Affordable Care, Doctors who want to be paid fairly, FairCareMD, Free Market, HDHPs, Health Care Pricing, How to get Fair Prices for Care, How to Use FairCareMD, Pricing Transparency, The Open Network, The Team | No Comments »

We have been in this space for five years now, researching price transparency, setting up systems to induce it, talking to doctors, representing patients, making key partnerships, and waiting for the slow tide of change. Recent developments, like Time Magazine’s article (see the Author’s video below) and the new Price Transparency Law just passed in Arizona are indicative that the time is now for medical price transparency.  We can tell from our experience too.

One of the things we do constantly is talk to doctor’s offices and try to get them to list their prices online. Back in the winter of 2009-2010, I personally knocked on over 2,500 physician office doors in New York City to try to get them to sign up for a crazy idea I called FairCare. I walked over 500 miles, spent four months, gave lots of small bribes of Starbucks cards, hosted about a dozen lunches, and spent a great deal of money.  I also gathered great material for a book my working title for is “Erin Brokovich Does Medical Marketing.”  It is far more difficult for a bald, pudgy middle-aged dude selling price transparency to get in to see the doctor than a handsome young man or woman with free drugs.  It’s okay, I’m not bitter, and eventually, miraculously, I got 100 doctors or office managers to say yes to a free listing.  Taking this as encouragement (although in retrospect, I should not have), I hired and inspired my friends Jacek Zagorski, Jeremey Senn, Adam Whittaker, Mike Schwartz, and Mike Pence to build the FairCareMD site.  It launched in June of 2010 and we waited for the world to notice.  You see, we had convinced ourselves that all we needed to do was build the better mousetrap and that the world would say, “Gee Whiz! Let’s get that!”  Well, we were wrong and we needed to keep selling the idea to make it grow – both to Doctors AND Patients.

Knowing that the door-to-door sales method was far too expensive, we next tried email and fax to spread the word but this was pretty unsuccessful and mostly just annoyed people.  Meanwhile, since day 1 we had always allowed people to request a price and we would find them a few fairly priced places to go.  This was designed to be a truly valuable free service/ soft sales tactic.  We would call medical offices with a patient request for specific services for a fair price and see if they would do it.  A typical request from a patient would say something like “I want a Chest CT Scan for $250″ or “I want colonoscopies for my wife and I for less than $3,200 apiece” and we would call to see if we could fill them.  A side benefit is that this process also introduced a medical office to FairCareMD and potentially would lead to new listings.  If we could find a fairly priced office, it worked well and occasionally one good connection would lead to a new listing… but first we had to find the fairly priced office.

Here is how that would go back in 2010:
Colonoscopies: Our then Chief Patient Advocate Sunnie Southern called every endoscopy center in Montana to no avail. After speaking with the client, she learned that they had a daughter in Boston, so they flew to Boston, paid $1600 total for a 75% savings, and got to visit their girl.  Happy ending, but three days of work to get that and no signups.  Not economical.

CT Scan: Our Chief Marketing Officer, Simon Sikorski, MD called 17 centers for a CT Scan and found 2 reasonable prices in the $350 range.  Total time, about 4 hours and no signups.  Still not very economical.

So after making thousands of calls, in 2012 we gave up on phone-based sales of listings and made the site free for doctors to sign up. This increased signups and cost nothing. Meanwhile, Sunnie, Simon and I went on to do other really cool things like Innov8forhealth, Empowered Doctors, and MedStartr.com, leaving FairCareMD up as an automated awesome price negotiating system that still helps thousands of people every month. FairCareMD is currently only supported by advertising and my great friend and co-founder, Jacek Zagorski who is donating a few virtual machines for our system. Jeremy Senn and Mike Pence still throw a few programming hours in per month, but mostly the site is on autopilot, and this actually works for the doctors who are in the system or who sign themselves up. Traffic goes up every month and we help patients all the time.

So we still get requests like the one above, but we have found the reactions of Medical Offices have changed significantly. We got two this week so far, one from a blogger who talked about it here.  But here is the thing: We filled her request with one call. We are waiting for the doctor to decide if he wants his free listing, but I am pretty sure he will. It’s a no-brainer to doctors who are fairly-priced already.

This represents a serious change.  I don’t know if it was the Time Magazine cover story, the continued erosion of insurance payments for Doctors, the fact that more of us than ever are paying out of pocket for care, or the new legislation that requires doctors to publish their prices online, but we believe the Time is Now and it is getting very interesting in this space.  So make a request if you need care for a fair price or see if we already have a fairly priced doctor in your area.  If you have time and want to learn our methods, we are looking for sales people again, so call (954) 324 7227 and let’s talk if you are passionate about this idea.

Thanks to all who have contributed, stuck with us, and are reading this post.  It has been a long haul, but I think we are starting to see the light at the end of the tunnel.

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Sep
10

FairCare Everywhere

By AlexFair Posted in Affordable Care, Cash-Only Medicine, Consumer-Driven Care, FairCareMD, Free Market, Healthcare Marketplace, Pricing Transparency, The Open Network | No Comments »
FairCare by Regina Holliday

by Regina Holliday (www.twitter.com/ReginaHolliday)

Hey Folks,

What an incredible effect the version 3 release of FairCareMD called FairCare EveryWhere has had on FairCare. The community has been growing faster and stronger than ever, we have new people joining the movement and doctors are claiming their profiles and getting set up faster than ever. Thank you for your support as we transitioned to new servers and our new appointment requester model. You can still ask for a price, but now we enabled appointment requests too.

The most amazing thing is happening.  Patients are asking doctors and hospital for appointments and fair prices all over America on our site 7 times more often than before.  People want choice and transparency and Version 3 brings it.  Over the next few weeks as we roll out more specialties all over the country please be welcome to make a request from a specific doctor and we will make it happen or give you other options.

Thank you for being part of FairCareMD, driving medical access and price transparency in America.  We are making prices more transparent and creating the largest network of healthcare providers willing to work with patients directly for fair fees anywhere.

Best Regards,

Alex B. Fair

p.s. nice growth pattern, right?

Traffic on FairCareMD increases exponentially Summer 2012

Traffic on FairCareMD increases exponentially Summer 2012

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Aug
06

The End of FairCareMD?

By AlexFair Posted in Affordable Care, Consumer-Driven Care, Crowd Funding, FairCareMD, Free Market, Social Entrepreneurship | 2 Comments »

There comes a point in every startup’s existence where you have to decide if it is viable or not. We realized last year that FairCareMD, while an interesting idea, had failed to achieve financial success. To remedy this we embarked on a significant redesign that enables anyone anywhere to request a price, an appointment, or ask a question to any doctor in America. This, we believed, would quickly sort the doctors who wanted to participate from ones who would never be on FairCareMD and vastly reduce our cost of sales. Test marketing was very favorable. We finally had it ready to go, everything was great, but when we loaded it it crashed the servers. As it turns out, if we want version 3 to work as planned, we need to spin up a bunch more serves. Unfortunately, on our current hosting provider that is very expensive and switching hosts is expensive. Furthermore we need to make the calls that version 3 is already generating even in the scaled down version we have up on the site.

(Just in case you were unaware, FairCareMD is owned only by the founders, not some big company or investor group, so the pockets are not deep.)

So we did what any self respecting entrepreneurs would do, we put the project on Kickstarter, or we tried to at least. They didn’t want it because they do not accept healthcare projects. So we set up our own crowdfunding site called MedStartr.com and put FairCareMD on it. Check out the project, embedded below.

As you can see, very few people have funded the project. So I can only conclude that the world does not want or need price transparency for healthcare. Sure, Politicians, news anchors and the papers talk about it a great deal, but when you get right down to it, people have insurance or they don’t get care. As a result, FairCareMD appears to have no market to make for main stream medicine. The doctors are afraid of this unknown territory. The patients think “what is wrong with the doctor to be on FairCareMD?” At the end of the day it has been an interesting experiment and I have learned a great deal. One key fact I have learned is that entrepreneurs should test market with paid versions, not free ones, to get real reactions. This is one of the many aspects of Crowd funding that makes perfect sense now – get people to vote with their wallets to validate your idea, not just their mouths.

Thank you for reading and for your support.  The blog will continue but we will likely pack up the FairCareMD main site or spin it down to one server this week if we don’t see some traction on our the above project or obtain outside investment. If you have an interest, we are open to suggestions. Just call (954) FAIR-CARE.

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Jul
02

The World’s Greatest Term Sheet

By AlexFair Posted in Consumer-Driven Care, Crowd Funding, Evolutionary Health, FairCareMD, Free Market, Health Care Pricing, Healthcare Marketplace, How to get Fair Prices for Care, MedStartr | No Comments »
Bill of Sale

The World’s Greatest Term Sheet

I have the distinct pleasure of owning and advising many startups that have received “Terms Sheets” from would be investors.  Some are good, some are bad, and then there are some have hidden catches that make you lose millions.  It all depends on how badly the investor wants your stock or product.  I’ll be the first to admit that not every company I have created was a home run on the first pitch, usually there are long innings and stretches you are not sure you will survive and a single or double is what keeps you in the game.  But by far the best term sheet you will ever get is a Bill of Sale.

This is why Crowdfunding intrigued me at first.  Through crowdfunding, not only do companies gain customers and drive some revenue, but it also engages a conversation around the product, drives awareness, and funds the next version.  I initially reviewed Kickstarter, IndieGogo, Perti Dish and a few other crowdfunding sites to list FairCareMD on.  The problem I sought to solve was that while FairCareMD has been visited by one in 1,000 American, it has failed to get on the radar for the other 999.  Similarly, I needed a way to help my 400,000 searches find more doctors.  We had already developed version 3, but to buy enough servers and man the phones as needed, a small capital raise seemed like a good idea.  I had previously gone to Angels and VCs and gotten a great deal of “talk to us when you have more success” or “sorry, we just don’t know your sector well enough.” The bottom line, no one really wants to take a chance on a product or company until it is obviously successful.  This is smart and right, otherwise their investment portfolios would depreciate rapidly.  Not every company is facebook or Amazon.  So I understand the situation, but I wasted a tremendous amount of time and neglected other key aspects of what I needed to do.

So in a small startup you have three choices of what to do with your far too limited time:

  1. Raise Capital
  2. Make Sales
  3. Make Product and Ship!

One of these is not revenue generating.  All three are important but without # 2 the rest are irrelevant.

These three activities are also why CrowdFunding is so perfect for healthcare startups.  The big companies that control most of the money in the healthcare system are so far removed from innovation that they can’t do it on their own very well.  Aetna alone bought 1.5 Billion dollars worth of startups last year, for example.

Why can’t big companies innovate?

Several reasons: They are too big to “experiment” beyond a certain level.  Second, it isn’t in their DNA.  They may have an innovation division, but after a while even the most entrepreneurial leaders lose their innovator mojo.  I know, it happened to me and I had to relearn entrepreneurship.  Your brain gets stuck in a “thinking inside the box” mode and you need to drill out the hinges to escape, or do like my friend Jack did and make with the tin snips.  Finally, innovation takes faith and it is hard to really believe in change if your business is not built on it.  This is also why post-acquisition failures are common too.  Money can’t but that kind of faith.

On the other hand, if you have a great idea and can engage with the public on it, then Money Can Be Invested on Faith and this makes all the difference.  That is why we created MedStartr, to help bridge the gap between idea and commercial success.  To help innovators get the best possible term sheets – Bills of Sale.  Our partner program also enables large companies to back an idea and super-enable the entrepreneur to Fund Raise, Sell, and Ship all in one click after an hour or two of effort.  The partner wins too since they buy access to the technology only on a successful crowdfund.  For more information email The MedStartr Partner Program.

Give me a bill of sale any day over a term sheet.  Give me enough of them and I never need to raise capital and can keep the vision going on the most important terms – those of my customers.

FairCareMD on MedStartr

You will now find the FairCareMD project on MedStartr.  If you are a doctor or hospital or any allied health professionals and want more patients ready to pay a fair price for your work, we have several levels of rewards at a discount designed just for you.

If you are a Patient and need help saving 10-75% off your care using our system, we have an offer for you.

If you are a Payor and would like to try to determine how you could Pay less by letting patients Shop, we have an offer for you as well!

And if enough people support the project we will spin up  few more servers and really get this site jumping.  We are helping thousands per month, but we could be helping millions get great care for fair prices.  If the crowd wants it, it will be done.

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Jun
20

MPADS, MedStartr, Dr1st.org, V.3 of FairCareMD, Healthcare Kickstarter Video and more!

By AlexFair Posted in Affordable Care, Consumer-Driven Care, Crowd Funding, Doctors who want to be paid fairly, Evolutionary Health, FairCareMD, Free Market, Freedom, MedStartr | No Comments »

Six logos for our various projectsWhat an incredible Spring!  I can’t believe how much cool stuff has happened since the beginning of the year.  We launched three new products through a new joint venture called “Convergent Medical” which is essentially the HOPE Network’s development arm and physician-centric skunk works.  In other words, we make stuff doctors will love!  Here is what we have so far:

MPADS.com – a check in kiosk for your physician’s office that tiers to a 3rd wave patient portal designed from the ground up for the ePatient who is active, engaged, and wants to communicate between visits.  We partnered with one of the first approved ACOs to create a system that will keep patients healthier not just at the office visit, but between visits too!

Doctors First Association – an online marketplace for everything you need to run your medical or dental office at a considerable discount.  Visit Dr1st.org to shop tens of thousands of products and specials every day.

MedStartr - Crowdfunding for healthcare.  Kickstarter doesn’t want medical innovations, so we had to roll our own.  Launching on the 4th of July to show our belief that this healthcare revolution is for the people and by the people.  Guess what is one of the first projects there?  Yup, you guessed it, FairCareMD!  Sign up to be informed here.

FairCareMD has a 3rd Version rolling out for every doctor in the USA!  You also can now do appointment requests! We also have moved to the freemium model which means it is free for most and premium services are available.  We think it is awesome and hope you do too!  More on this later.

Our Healthcare Innovation Meetup group has topped 1,880 members and run an event every month.  Here is one of the best so far, where we showed off MedStartr and had a bunch of the folks from our first wave of projects strutting their stuff!

Here is the full event video.  Feel free to skip to 1:32 where I go on :)

Watch live streaming video from health20nyc at livestream.com

Thank you for being members of the FairCareMD community and to my partners at Convergent, FairCare, Health 2.0 NYC, and MedStartr.  You guys and girls ROCK!  If Summer is anything like this Spring has been, it will be Hot Hot Hot!

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