How can we offer lower cost Iowa MRI and low cost Iowa CT Scan prices?
Our contract prices are lower than what individuals can get for themselves for the following five reasons: (1) Compared to a one-time client, we send a very large number of patients to imaging centers (i.e. volume discount); (2) the patients we refer are paying cash (i.e. increase cash flow to Centers): (3) Centers do not have to bill and wait for insurance reimbursement (i.e. saves the Centers on overhead); and (4) our patients fill in available openings which increases the Center’s bottom line by minimizing staff and equipment idle time (i.e. increased opportunity advantage); (5) Centers must contract with a third party to offer rates at or below Medicare reimbursement rates. If a Medicare participating Center were to offer an individual cash rates lower than Medicare reimbursement rates, the Center could be held liable for huge financial penalties, and/or they could lose their ability to participate in the Medicare program.
