Medical Imaging Wastes Nearly $12 Billion Every Year

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United States wastes nearly $12 billion dollars on unnecessary medical imaging each year according to a new survey of 196 hospital leaders.

Smart Data pioneer peer60 reached 196 healthcare leaders about medical imaging in less than two weeks and found a number of reasons for the squandered resources.

Ninety-two percent of provider respondents said that defensive medicine is a key contributor to the problem, while 65 percent said that patient demand is also a factor. Other causes include physicians’ lack of familiarity with appropriate diagnostic tests.

“These findings demonstrate a serious issue in health care spending that is raising all of our costs,” peer60 CEO Jeremy Bikman said. “But there is hope in the form of quality-first payment reform coupled with software tools being developed that will greatly assist referring physicians and radiologists alike.”

Fortunately, a majority of health care providers have made reducing unnecessary imaging a top strategic priority, according to the report.

However, not many have made much progress. The few that have made progress have created their own solutions and processes to stem the tide of unnecessary imaging.

With nearly all providers looking for a software solution to this problem, a business opportunity remains wide open for those who want to take on the challenge of reducing unneeded imaging.

“This data is less than two months old and comes from experts in the world of health care. A majority of respondents were chief medical officers, and the rest came from department heads and other influencers,” peer60 Sr. Director Tyler Page said.

“The results definitely show an opening for vendors to deliver products that can help to resolve this problem. We know there are vendors out there with tools that can help. Now is the time for them to stand and deliver.”

The peer60 study provides graphs and in depth analysis of the findings. The full report can be downloaded here.

All opinions expressed on USDR are those of the author and not necessarily those of US Daily Review.

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