Unlocking Better Healthcare: The Power of Third-Party Medical Second Opinions
Mike Cully
Thought Leader | Problem Solver | Connector | Disrupting the status quo in healthcare while focusing on patient literacy and cost transparency
In today's world, access to quality healthcare is crucial for maintaining a healthy and productive workforce. Employers sponsor health plans for their employees to ensure that they receive the best medical care possible. However, sometimes, the diagnosis and treatment options presented by a physician may not be the best course of action. This is where third-party medical second opinion programs come in.
Third-party medical second opinion programs are designed to provide patients with access to a network of medical experts who can review their medical records and offer alternative diagnoses and treatment options. These programs can be especially valuable in complex medical cases or when a patient is facing a serious or life-threatening illness.
One of the primary benefits of a third-party medical second opinion program is that it can help reduce healthcare costs. According to a study by the National Business Group on Health, a third-party medical second opinion program can result in an average savings of $6,000 per case. This is because patients are often provided with alternative treatment options that are more cost-effective and have a higher chance of success.
For example, let's say an employee is diagnosed with a rare form of cancer and their physician recommends an aggressive and expensive treatment plan. However, a third-party medical second opinion program may be able to provide a more targeted and less invasive treatment option that is equally effective. By choosing the latter, the employee not only receives better care but also saves the employer thousands of dollars in healthcare costs.
In addition to cost savings, third-party medical second opinion programs can also improve health outcomes for patients. A study by the University of Michigan Health System found that patients who received a second opinion from a medical expert were 44% less likely to receive an incorrect diagnosis and 56% less likely to undergo unnecessary procedures.
For example, let's say an employee has been experiencing chronic pain in their back and has been prescribed medication by their primary care physician. However, after seeking a second opinion through a third-party medical second opinion program, it's discovered that the employee's pain is actually being caused by a herniated disc, which requires surgery. By receiving the correct diagnosis and treatment, the employee can return to work faster, which benefits both the employee and the employer.
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Moreover, third-party medical second opinion programs can improve employee satisfaction and retention rates. When employees feel that their employer is invested in their health and well-being, they are more likely to stay with the company long-term. In fact, a study by the Society for Human Resource Management found that healthcare benefits are the second most important factor in employee satisfaction, after salary.
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So why aren’t people getting second opinions?
To recap, third-party medical second opinion programs offer numerous benefits to both employers and employees. They can help reduce healthcare costs, improve health outcomes, and increase employee satisfaction and retention rates. By investing in a third-party medical second opinion program, employers can provide their employees with access to the best medical care possible, while also improving their bottom line.