Online telemedicine is one of the most exciting and rapidly developing segments of the healthcare industry. According to the Washington Post, about 15 million Americans currently utilize telemedicine. Grand View Research, a market research and consulting firm located in San Francisco, forecasts a massive $113.1 billion market share by 2025.
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An encouraging new trend is developing in medical malpractice litigation, which could result in dramatically reduced premiums for malpractice insurance. This new method is a tort system called EDR, or Early Dispute Resolution, and it is already being used with great success throughout the state of Oregon. Brian Jerome, who chairs the Massachusetts Bar’s Dispute Resolution Section Council, reported that a mere 3% of EDR-arbitrated cases go to trial, a big improvement over the current Alternative Dispute Resolution (ADR) model currently followed in most states.
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Consider the following case: a concerned woman in her 30s visits you because of a lump in her breast. You order an ultrasound, which the radiologist interprets. He determines the lump is a benign cyst. Still, doing your due diligence, you refer your concerned patient to a surgeon, who reviews the ultrasound report and reexamines your patient, and determines that there is no need for a biopsy.
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