A Second Opinion Could Help Curb Wasteful Healthcare Spending in the US

 

On today’s episode of the MarketScale Healthcare podcast, Voice of B2B Daniel Litwin explores waste in the American healthcare system.

A recent October 2019 study in JAMA by Dr. William Shrank showed waste makes up almost a quarter, or 25%, of U.S. healthcare spending, which, when quantified, can reach $935 billion by some estimates.

How does this impact the system as a whole? What are some potential solutions? We’re spoke to both of those major questions today with Jason Melton, CEO of 2nd.MD, who’s looking to combat waste in our healthcare system through medtech.

Specializing in medical certainty, 2nd.MD connects patients to a network of hundreds of expert physicians ready to give a second opinion on their diagnosis and treatment plan, with the goal being to create an optimum treatment plan from the beginning to significantly improve outcomes and reduce ineffective or unnecessary medical spend.

Melton and Litwin spend the podcast breaking down…

  • How 30% of healthcare costs are wasted on unnecessary or incorrect care
  • How wasteful spending fits into the broader dynamic of overspending in American healthcare
  • The financial and health effects of incorrect care on physicians and patients
  • Where a medtech solution fits into the mission to curb wasteful care spending
  • How 2nd.MD created and expanded their network of physicians

For the latest news, videos, and podcasts in the Healthcare Industry, be sure to subscribe to our industry publication.

Follow us on social media for the latest updates in B2B!

Twitter – @MarketScale
Facebook – facebook.com/marketscale
LinkedIn – linkedin.com/company/marketscale

Follow us on social media for the latest updates in B2B!

Image

Latest

sports agent
Legendary Sports Agent Leigh Steinberg Reveals How Purpose, Trust, and Legacy Redefine Athlete Representation
May 14, 2025

Amid growing public scrutiny of sports agents and questions around athlete empowerment, few voices carry the weight of lived example like Leigh Steinberg. Known as the inspiration behind Jerry Maguire, Steinberg has redefined what it means to represent athletes with integrity, purpose, and impact. At a time when college athletes are navigating NIL deals…

Read More
leadership
The Power of Purpose – Leadership and Vision with Byron Sanders
May 14, 2025

Welcome to this transformative episode of the Undisputed Podcast, where your host, Ty Bledsoe, CEO of Undisputed LLC, engages in a riveting conversation with Byron Sanders, a visionary changing the landscape of community leadership and public health. A former president and renowned CEO, Byron shares his journey from humble beginnings in Southern Dallas to reshaping…

Read More
democratize
AI in Education Can Democratize Expertise—But Only If Systems Evolve
May 14, 2025

As artificial intelligence becomes increasingly embedded in our everyday lives, AI and education are becoming more tightly intertwined. Many teachers and students are experimenting with AI in education, from personalized tutoring tools to automated lesson planning. While traditional edtech tools struggled to deliver on the promise of personalized learning, today’s generative AI appears poised to…

Read More
future of fiber
The Future of Fiber: Strategies and Collaboration
May 14, 2025

As next-generation broadband continues to transform digital experiences across the U.S., Internet Service Providers (ISPs) are reshaping how we think about infrastructure, speed, and scalability. The industry is no longer just about faster speeds—it’s about smarter service, tailored rollouts, and future-ready networks that can meet the evolving needs of homes, businesses, and communities. In this…

Read More