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!

Latest

philanthropy
Philanthropy to Shape and Transform the Future of Education
December 5, 2022

Leading education in the twenty-first century takes not only a village, it takes the generosity and ingenuity of philanthropy. One organization striving to impact students profoundly and positively is The Overdeck Family Foundation. Overdeck was founded in 2011 by John and Laura Overdeck to provide all children the opportunity to unlock their full potential. […]

Read More
A Fresh Take on Remote Care and Healthcare Disruption
December 5, 2022

The pandemic accelerated many industries around the world, one of which was the healthcare industry. Remote-care shot up throughout the pandemic, allowing more people to stay at home and get the care they needed. But while some clinics offer the tools necessary to continue providing accurate remote-care, improvements can still be made for diagnostic […]

Read More
Pro Audio industry growth
Pro Audio Industry Growth Predicted to Continue Through 2030
December 5, 2022

The global Pro Audio industry growth is here to stay with the expectation that its growth will last until 2030 as predicted by the Pro Audio Equipment Market by Player, Region, Type, Application and Sales Channel, Forecast 2022-2030. The Pro Audio industry has made a comeback post-pandemic and with technology advances and more people working […]

Read More