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March 26, 2024/Innovations

New Analysis by The Clinic by Cleveland Clinic Finds Virtual Second Opinions Save Over $8,700 Per Patient

Third-party research confirms significant impact of specialty expertise on patients’ quality of life and costs across the healthcare continuum.

An image of a microchip close up.

A new quantitative case analysis from The Clinic by Cleveland Clinic, a leading provider of virtual second opinions, reveals that its second opinions produce an average savings of $8,705 per patient. Misdiagnoses lead to 800,000 deaths or disabilities in the U.S. every year, and total costs related to misdiagnoses have been estimated in the hundreds of billions.

Frank McGillin, CEO of The Clinic by Cleveland Clinic, said, “Imagine discovering an alternative treatment that is less invasive and has better outcomes, or that you’re not destined to use an ostomy bag for the rest of your life. Even if major surgery is indeed right for you, a virtual second opinion provides confidence that you’re on the right path. The difference The Clinic can make in the cost of care matters, but the impact of getting care right is even more powerful.”

A transformative joint venture between Cleveland Clinic and Amwell, The Clinic uses Amwell’s leading connectivity technologies to enable patients to access Cleveland Clinic’s deep and comprehensive medical expertise, including over 3,500 physicians in more than 550 advanced subspecialties.

Read the full press release via BusinessWire.

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