Joint, Spine, and Pain (Musculoskeletal (MSK)) Conditions Cost Employers Billions Per Year
Why Reinvent Joint, Spine, and Pain Care?
The numbers are staggering. Americans spend $380.9 billion annually as of 2016 according to the Journal of American Medical Association, “US Health Care Spending by Payer and Health Condition, 1996-2016”.
MSK conditions affect more than 50% of adults in the United States. They are often the largest clinical cost driver for commercial employers, accounting for upwards of 20% of annual medical spend, according to the United States Bone and Joint Initiative.
MSK conditions have high cost for employers but are not often addressed. According to Healthentic data, for every 1000 people you cover, you spend an average of $1.72 million on MSK conditions every year.
Most employers spend twice as much on musculoskeletal conditions as they do on cardiovascular disease, yet most employers focus more attention on cardiovascular disease.
Procedures and surgeries account for much of their cost, many with little long-term benefit. The high cost of musculoskeletal conditions is driven primarily by procedures and surgical interventions. Such procedures, when indicated and correctly performed, can provide long-term benefit and yield net cost-savings. However, all too often, the diagnosis, the procedures and treatments, or both, are incorrect leading to poor outcomes, disability, and escalating human and financial costs.
Individuals who have back pain also have a significant increase in depression according to Pain Physician, “Evaluation of Depression in Subacute Low Back Pain: A Case Control Study”. People with chronic back pain are three times more likely to experience a depressive episode and 2.6 times more likely to experience psychosis according to a journal published by General Hospital Psychiatry.
The Key Drivers of Rising MSK Costs for US Employers
Inaccurate Diagnosis & Unnesessary Surgery
Inappropriate Conservative Care
Ineffective Treatment of Complex Cases
The Key Drivers of Rising joint and pain costs for US Employers
At MSK Health Innovations, we work in direct opposition to the managed care model.
As a result of our approach, our customers and their employees have seen 40% fewer procedures, reduced surgical interventions, and reduced imaging.
As joint and pain care leaders, we’re dedicated to leveraging the latest therapeutic innovations before they are recognized by the current healthcare system
The MSK Health Innovations Solution: Helping Employers Create a Better Choice
Access to the Best Doctors
Substantial Cost Savings
Leading Edge Care
Better Patient Outcomes
How MSK Health Innovations Saves Employers on MSK Healthcare Costs
MSK Health Innovations recruits the most knowledgeable and skilled physicians and providers
specializing in musculoskeletal, pain and spine conditions
MSK Health Innovations proprietary software and methods create an environment that unleashes talent, fosters communication, coordinates expertise, and incentivizes quality of care, resulting in optimal treatment outcomes.
MSK Health Innovations concierge service guides and supports your people every step of the way, coordinating MSK care for your employees from initial symptom to maximum benefit from treatment