97% of practices reported that their patients experience delays or denials for medically necessary care due to prior authorization requirements
Statistic Info
A large portion of medical practices are struggling in obtaining authorization for necessary procedures and treatments. Prior authorizations are an important part of modern healthcare, as they help to ensure that patients receive the right care at the right time. However, when these processes become overly complex or require multiple steps with long wait times, it can lead to delays in necessary treatment. Furthermore, it can potentially prevent individuals from receiving the care that they need.
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
