Doubt was cast on the authenticity of using ” for health care services on April 21, when Republican Senate campaigner Sue Lowden commented that in the вЂњolden daysвЂќ people paid doctors with вЂњa chickenвЂќ or other goods. BizXchange, a barter exchange company with offices in Seattle, ” and Dubai, has been offering its more than 2,000 members health care services via barter for the last eight years. Members have spent nearly $4 million on health care related services since BizX was founded in 2002.
вЂњBartering for health care is more common than people may think and is a practice that is thriving in organized business-to-business trade exchangesвЂќ
вЂњBartering for health care is more common than people may think and is a practice that is thriving in organized business-to-business trade exchanges,вЂќ said Bob Bagga, CEO and Founder of BizXchange. вЂњNone of the doctors we do business with have traded their services for chickens or other livestock, but they do accept BizX Trade Dollars offered through our B2B barter network.вЂќ
Unlike one-to-one transactions that occur with direct barter, BizXchange members accept BizX Trade Dollars for payment when they make a sale. Members are free to purchase products or services from any other member within the BizX networkвЂ”they do not have to accept each otherвЂ™s merchandise directly.
Just like the other companies and organizations in the BizX network, health care providers can use BizX dollars, an IRS compliant currency, to offset the cash outlay of everyday business expenses such as printing, advertising, facility maintenance, along with many other products and services that are required to run their business. вЂњWe are facilitating over $5 million a month in B2B barter transactions between the members, including the health care providers, which results in an equal amount of cash savings to their bottom lines,вЂќ Bagga added.
For the companies and individuals purchasing health care services through “, theyвЂ™re able to save cash! Barter Networks allows businesses to benefit by saving cash on health care expenditures
вЂњBizX Members are using their BizX dollars to allow their employees to come in to have dental care done,вЂќ BizX Member Vicki Fidler, DDS said. вЂњAnd as an employer I know that health care costs are very high and sometimes offering dental insurance can be a bit cost prohibitive. BizX allows employers to give their employees that benefit but in a different way. This is a win-win for everybody.вЂќ
The BizX netwok includes dentists, vision care specialists, chiropractor, physical therapists and plastic sourgeons The BizX network also includes a membership-based health care provider, QLiance Medical Group, that offers medical coverage for primary and preventive care, chronic disease management and minor urgent care to companies and individuals.
Bartering chickens for health care is a far-fetched idea today, but finding a medical or dental provider who is a member of a barter network is not.
BizXchange is a barter consulting firm offering companies financial solutions to help improve and grow business. Clients buy and sell products and services with other exchange members using BizX dollars, which are equivalent to U.S. dollars. BizXchange has offices in Seattle, San Francisco and Dubai. www.bizx.com.