Richard Canfield argues that preventative MRI scans could identify health risks early, reducing insurance claims and lowering group benefit plan costs. Employers might get incentivized to scan employees, creating a new market where insurance companies profit from prevention rather than just paying claims.
Chapters
We have this access to technology, we want to reduce our claims experience. We now have certain mechanisms in place through this advanced technology that would allow us to control, understand and minimize future claims experience. If we can get more of our people scanned who are on our program. So maybe that can now go to employers, and employers can be incentivized to get their employees scanned, and so maybe it can bring down their group benefit plan costs. So I could see a bit of a catalyst of opportunities available there just through the insurance industry, which is connected to, but adjacent to the medical industry itself, all based around the claims costs that are being actuarially calculated that can now be potentially mitigated and minimized based on having that preventative outlook.