Through the partnership, physicians participating in the MedEncentive program will receive Medical Justice coverage
The US President Obama has acknowledged that something needed to be done about the cost of medical malpractice and the defensive medicine that preserves patient safety. MedEncentive, a web-based incentive system designed to control healthcare costs, and Medical Justice have formed an partnership that offers a real solution to these issues that has bi-partisan appeal.
Through the partnership, physicians participating in the MedEncentive program will receive Medical Justice coverage at favoured pricing. Medical Justice has also agreed to contribute to MedEncentive’s demonstration projects in Kansas and Michigan.
As a means to reduce medical malpractice risk, doctors feel compelled to order extra tests and render additional services, a practice known as defensive medicine. Studies have estimated that defensive medicine costs $105 billion to $210 billion per year. Other studies report that the costs related to over-treatments, under-treatments and miss-treatments by medical providers equate to $630 billion annually.
Through five years of testing, the MedEncentive Program has demonstrated cost containment in its trial installations with multiple employers, in part, by reducing the need for defensive medicine and encouraging providers to practice evidence-based care.