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Second Opinion Services
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Second Opinion Market Data

Healthcare's Trillion-Dollar Disruption

  • Wave 1: Patient-Centered Care (2010-2016)Eliminate nearly $350 billion of low-value-add activity and shift another $600 billion from provider-centered care models to patient-centered care models.
  • Wave 2: Consumer Engagement (2014-2020) in Wave 2, another $150 billion in low-value-add activities is squeezed out, while $400 billion ofadditional value will rotate to the new retail value chain.
  • Wave 3: The Science Of Prevention (2018-2025)


Emerging Trends

  • Patient Protection and Affordable Care Act (PPACA)
  • Increase in the number of people who are seeking health insurance and healthcare services
  • Significant shortage of physicians over the next 5 -10 years
  • Personalized and concierge medicine
  • Alignment of Policy, Trends, Technology and Global Need
  • Tremendous pressures to cut healthcare expenses - second opinions are most effective in prevention, unnecessary expensive treatments & surgeries and in fighting fraud and abuse
  • Pressures to cut staggering medical error rates and improve morbidity/mortality
  • Urgent need to add a second engine as we are flying a single engine plane in healthcare
  • Universal coverage by 2014; insurance companies must differentiate and compete for 30+ million uninsured
  • Global shortage of qualified MDs
  • Maturation of Technology/Internet( (HTML5 etc)
  • Consumerization of healthcare (15 years late! )
  • Second opinions are not only universally desired but even fashionable
  • Acceptance by medical community

Telemedicine/Telehealth Trends and Scalability

  • Annual telemedicine growth rate of 19% from 2010-2015
  • Radiology: 600M+ radiological exams in the USA alone and 5B+ globally, growth rate 10-20% per year
  • Used to close the gap in healthcare
  • Lowers the cost of treating patients
  • Enables healthcare personnel to meet demand without delays in treatment
  • Opens an opportunity for Personalized Medicine and Second Opinion Service

Select Recent Second Opinion Market Data Examples

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This service should be used for second opinions, additional medical reviews and consultations; not for primary diagnosis or treatment. Please always consult your primary doctor for final diagnosis and treatment.