As an employee of a company that provides a medical plan, it can be difficult to navigate the complex healthcare system and determine the best way to save money on medical costs. One way to save money on healthcare is by using a free standing facility, also known as a site of care. In this blog post, we will dive into what a site of care is, the differences between a freestanding facility and a hospital, and the cost savings associated with each.
Let’s start with understanding what a free standing facility is. These facilities are not attached to a hospital and can be dedicated to a specific area of healthcare, such as imaging or urgent care, or provide a variety of medical services. Unlike hospitals, free standing facilities do not have an emergency department and are not equipped to handle more severe medical issues. However, for non-urgent or less severe medical needs, using a free standing facility as your site of care can offer numerous benefits, including saving money on medical costs. Examples of when you might choose this option include services like: mammography, MRIs, colonoscopy, joint replacements, cataract surgery and urology procedures.
When comparing free standing facilities to hospitals, the cost savings can be significant. Studies have shown that healthcare services provided at a free standing facility can cost up to 60% less than at a hospital. This is due to a variety of factors, including less overhead costs and more streamlined processes. Additionally, free standing facilities are often able to negotiate lower prices with insurance companies, resulting in lower out-of-pocket costs for patients.
Another benefit of using a free standing facility is the convenience and accessibility. While hospitals are often located in centralized areas, free standing facilities can be found in neighborhood communities, making them much more accessible for patients. This can be especially helpful for those with transportation limitations or those seeking care for non-urgent medical issues. Free standing facilities also tend to have shorter wait times and offer extended hours, providing patients with more flexibility in scheduling appointments.
In terms of medical care, free standing facilities are often staffed by specialists who are dedicated to a specific area of healthcare. This means that patients can receive more specialized care for their specific medical needs. Additionally, because freestanding facilities are more focused on specific areas of healthcare, they often have more advanced or specialized equipment than a hospital might for the same specific service.
In summary, choosing a free standing facility can offer numerous benefits for employees covered under a medical plan. Not only do these facilities offer cost savings for medical services, but they also provide more convenience, accessibility, and specialized care. It’s important to note that not all medical needs can be addressed at a free standing facility, but for non-urgent or less severe medical issues, they can be a great option for saving money on healthcare costs. As always, it’s important to consult with a healthcare provider to determine the best course of action for your individual medical needs.
