95% of practices provide care to patients covered by Medicare Advantage, and 75% report they are seeing an increasing number of these patients
Statistic Info
Given the current state of healthcare, this is not surprising. Medicare Advantage plans cover a wide range of services and provide access to insurance networks that were previously too expensive for many people. This type of care is invaluable in helping those who may otherwise struggle to afford medical care, particularly seniors, get the help they need. Additionally, these plans also bring with them simplicity and cost savings which make it an attractive option for both patients and providers.
Author: RevCycle Intelligence
More Related Stats
Physician Providers
In 2023 there was a 13% revenue growth in Q2 due to rising enrollment
the average cost of a healthcare data breach is $10.1 million
The average cost of medication non-adherence in the U.S. ranges from $5,271-$52,341 per person
60% of insured adults reported experiencing a problem with their coverage in the past 12 months
More 2023 Stats
74% of Hospitals Use Some Revenue Cycle Automation
Nearly half of physicians are equally excited and concerned about the use of AI in their field
ChatGPT Gives Wrong or Incomplete Answers Regarding Medication About 75% of the Time
Fewer Than 1 in 3 Consumers Pay Medical Bills Immediately
Medicare Advantage Denials Jump 56%, Commercial Denials 20%, from Jan. 2022 to July 2023
Adults in the U.S. are most likely to have medical bill problems, regardless of income
More than 1 in 6 Americans now 65 or older
27% of Adults Face At Least One Healthcare Affordability Challenge
In 2023 there was a 13% revenue growth in Q2 due to rising enrollment
