Virtual Second Opinions Saves $8,700 Per Patient, Study Reveals

HIT Consultant April 2, 2024
Fred Pennic

What You Should Know:

– A new study by The Clinic by Cleveland Clinic, a leader in virtual second opinions (VSOs), reveals significant cost savings and improved care for patients.

– The quantitative analysis, conducted by an independent third party, demonstrates that VSOs generate an average savings of $8,705 per patient.

Reduced Misdiagnoses and Overtreatment Lead to Cost Savings

The study highlights the potential for VSOs to prevent misdiagnoses and unnecessary procedures. Key findings include:

• Average Savings: VSOs deliver an average savings of $8,705 per patient. For complex cases with initial treatment plans exceeding $10,000, the average savings jump to a remarkable $100,911.
• Reduced Overtreatment: The Clinic’s VSOs recommended alternative treatment plans in 67% of cases. This included a...

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