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The High Cost of Medical Misdiagnosis
- The human cost (per year) due to misdiagnosis includes 10% of all patient deaths and between 6-17% of hospital based adverse effects.
- Financially, the costs amount to 30% of annual health spending in the US (about $225 Billion per year).
- Pre-algorithmic accuracy of diagnosis was 24%. The algorithm-assisted diagnostic accuracy rose to 82%. This represents a massive improvement in diagnostic accuracy!