Implications of Misdiagnosis
Poor Quality Healthcare
Costs an employer an estimated additional $1,900 to $2,250 per covered employee per year.
MBGH, “Reducing the Costs of Poor-Quality Health Care” (2003)
Due to Health Problems
Costs $3.8M per 10,000 employees each year, in addition to any associated medical costs.
Population Health Management, “Measuring Health-Related Productivity Loss” (2011)
Waste in healthcare
| 9.7% | due to overtreatment. |
| 7.6% | due to lack of best practices, |
| and poor execution. | |
| 12.2% | due to fraud & abuse. |
Dartmouth Institute for Health Policy & Clinical Practice, “Health Care Spending, Quality, and Outcomes” (2009)
COMPANY BENEFITS
Improve Health Outcomes
Reduce Healthcare Spend
Reduce Unnecessary Surgeries, Procedures and Treatments
Control Medical Costs
Boost Productivity
Reduce Absenteeism
The healthcare space is changing rapidly, and that includes vendors that service vital niche roles such as expert second opinions. That is where MORE Health shines. An expert second opinion can in some cases show that a less costly treatment path is the right one, or even that the diagnosis was wrong from the start.
-Keith McNeil, Arrow Benefits
Decrease healthcare costs by minimizing unnecessary overtreatment and reducing waste due to the treatment of misdiagnosed conditions.
Employee Benefit Success Story
Jeff had been suffering from shortness of breath, heart palpitations and nausea for several months. He visited a local cardiologist who diagnosed him with coronary artery disease. Jeff’s best chance of preventing a heart attack was to have a stent inserted into one of his arteries.
Jeff activated his MORE Health Employee Benefit, and his case was reviewed by a leading cardiologist, who determined Jeff did not need a stent. Following lifestyle modification Jeff’s symptoms disappeared, and he returned to work without undergoing an expensive, invasive completely unnecessary procedure and saved his Employer up to $61,184.
