The Cost-Effective Choice: Investing in Quality Healthcare Providers

In the realm of healthcare, quality often takes center stage.

We all desire the best possible care when it comes to our health and well-being. However, what if we told you that seeing higher quality doctors can not only lead to better health outcomes, but also save you money overall? At Embold Health, we believe that investing in quality healthcare providers is not just a matter of preference—it's a smart financial decision.  

Let's explore a few ways that choosing quality over quantity can translate into significant cost savings:

Reduced Unnecessary Treatments and Procedures:

Receiving care from higher quality doctors can reduce unnecessary treatments and procedures. Across our national dataset, patients seeing top scoring OBGYN physicians are 66% less likely to experience unnecessary cervical cancer screenings. Those patients are also 39% less likely to give birth using unnecessary forceps or other aid, and 60% less likely to have an ICU admission within 30 days of delivery in low-risk pregnancies.  

Quality providers are more likely to adhere to evidence-based guidelines and practices, avoiding unnecessary tests, medications, and interventions. By receiving appropriate and targeted care, patients and health plans can avoid the financial burden associated with unnecessary medical expenses, such as copays, deductibles, and out-of-pocket costs. In the case of women’s health, patients can save nearly $1,500 per year by seeing a high-quality OBGYN.

Lower Rates of Complications and Readmissions:

Quality healthcare providers are also often associated with lower rates of complications and hospital readmissions. By delivering superior care and closely monitoring patients' progress, these providers can help prevent adverse events and minimize the need for costly follow-up treatments.  

Across our national dataset, patients seeing a high-quality spine specialist are 74% less likely to have cervical neck surgery before trying conservative therapy for a year; meaning these specialists are taking the time to protect their patient from painful and potentially unnecessary surgeries. In the same vein, patients of high-quality spine specialists are also 50% less likely to be prescribed opioids for new back pain.  

Lower complication rates can lead to more helpful treatment, shorter hospital stays and reduced healthcare expenditures, benefiting both patients and payers alike.

Optimal Medication Treatment Plans:

Another area where quality healthcare providers excel is in the management of medication treatment plans. By prescribing the most effective medications and dosages based on patients' individual needs and characteristics, these providers can help optimize therapeutic outcomes while minimizing the risk of adverse drug reactions and complications. This not only improves patients' health, but also reduces medication-related expenses associated with trial-and-error approaches or unnecessary prescriptions.

Inappropriate medication prescriptions also have a high cost burden on patients and plans. Across our national dataset, patients seeing high-quality Endocrinologists are 14% less likely to be prescribed costly brand name diabetes medications instead of generic options, which adds to unnecessary spending.  

Focus on Preventive Care and Chronic Disease Management:

Quality healthcare providers prioritize preventive care and chronic disease management, helping patients maintain optimal health and avoid costly complications down the line. By emphasizing regular screenings, vaccinations, and lifestyle interventions, these providers can identify health issues early on and intervene proactively, preventing the progression of diseases and reducing the need for expensive treatments or hospitalizations.

In conclusion, although the initial cost of seeking care from higher quality providers may seem daunting, the long-term benefits greatly outweigh the initial investment. Opting for quality care leads to better health outcomes, lower healthcare expenses, and enhanced overall well-being. At Embold Health, we are dedicated to empowering individuals to make informed healthcare decisions and access top-tier care. When it comes to your health and finances, investing in quality is ultimately the most cost-effective choice.  

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