Medical mistakes made by providers in Providence and throughout the rest of the country can have a significant financial impact on the healthcare market. Information shared from the Institute of Medicine in a report by the diagnostic management company Premerus estimates that dealing with cases of medical negligence and misdiagnosis costs between $17 to $29 billion every year. These costs can potentially be felt across the market.
Most associate misdiagnosis with a failure to detect disease or the assignment of a wrong diagnosis. Yet recently, diagnoses that exaggerate a patient’s condition or assign them an ailment that isn’t even present have begun to be viewed as a serious problem. Many healthcare industry experts refer to this as “overdiagnosing.”