Biz X was featured in an article outlining the progression of the chickens for checkups story of the last year or so. The article, originally published on Smart Healthcare.com talks extensively about barter as a means for making health care work.
But is it really such a crazy idea?
Not according to Chris Haddawy, chief operating officer of barter network BizXChange, who says that bartering for healthcare services makes up 15% of the network’s business. BizXChange participants trade their services using a private currency called the BizX dollar, which can be exchanged for any goods and services online.
“We deal with more solo practitioners, such as dentists and optometrists,” says Haddawy, who describes some of the benefits of trading through his network. “They’re getting payment right away, and they’re not getting chiselled away by insurance firms that only pay them 40 cents on the dollar. They also don’t wait for 90 or 120 days to get paid by the insurance firms.”
BizX dollars can be counted as US dollars under US tax accounting rules, says Haddawy.
Congrats to Biz X.
See the original article at http://www.smarthealthcare.com/us-healthcare-barter-payment-kind-chickens-05oct10
