Why Is Volume of External Physician Reviews Rising in U.S.?
More than 250,000 people die in the U.S. every year as a result of medical errors, said a study conducted by Johns Hopkins University in 2016. This made medical errors the third-leading cause of death in the country, which has strongly highlighted the onus of doctors and healthcare firms on ensuring a low mortality rate. Moreover, according to estimates, medical errors cause the U.S. economy at least $20 billion each year due to the additional costs of treating the same disease again and treating the complications due to such errors. P&S Intelligence considers this to be a key factor behind the growth of the U.S. medical peer/external physician review services market in the years to come. This is because in case of such mishaps, often, the doctor or hospital is taken to court by the kin of the victim. Before a decision regarding granting the patients’ family compensation or charging the healthcare provider with medical negligence is made, a proper investigation is conducted. ...