1 in 5 Medicare beneficiaries spend 1/2 or more than 1/2 of their monthly incomes on healthcare expenses

Statistic Info

Those healthcare expenses include premiums, prescription drugs, and other costs not covered through fee-for-service Medicare. However, for over a quarter of Medicare recipients, Medicare premiums were their highest healthcare costs.

Author: HealthPayerIntelligence

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Physician Practices

15-30% of Physicians are adopting AI software to reduce patient no-show rates

In the US, 63 % of physicians under 55 said their job was stressful

37% of physicians in the U.S. have a side gig

92% of physicians said offering customized retention strategies, such as added pay, paid time off, & paid sabbaticals could improve the staffing shortage

67% of healthcare executives said their facility has implemented additional hiring incentives to address the shortage of allied healthcare professionals

55% of hospitals had complete machine-readable files with cash, list, and negotiated rates for services

70% of people in the U.S. said they want health systems to be more actively involved with their health management activities

Doctors are 59% more likely to work at private companies in comparison to public companies

Employment of physicians & surgeons is projected to grow by 13% from 2016-2026, faster than the average for all occupations

62% of physicians spend 13-24 minutes with each patient

Revenue Management

78% of health insurers are anticipating significantly higher healthcare cost increases in the next three years

An 8.5% cut to Medicare payments could affect patient care in medical practices across the country

Healthcare costs are 2 times higher in the US than in other countries

Healthcare Revenue Cycle Management Market to hit USD 257.5 Billion by 2028

One model examining the financial impact of COVID-19 on U.S. primary care practices estimates that $15.1 billion is needed to neutralize revenue losses nationally

The average cost for a healthcare lead is $286. With digital ad spending on the rise, healthcare marketers are paying more for each lead

56% of providers have seen their accounts receivable increase in 2022

Healthcare spending for all causes increased by $1.4 trillion

A denial rate of over 10% is a clear warning sign and a call to action

1 in 5 Medicare beneficiaries spend 1/2 or more than 1/2 of their monthly incomes on healthcare expenses

More 2022 Stats

15-30% of Physicians are adopting AI software to reduce patient no-show rates

In the US, 63 % of physicians under 55 said their job was stressful

About 35 million people in the U.S. have gotten the updated shots, about 11 percent of those aged five and older

Among the healthcare consumers open to continuing telehealth use, 55% preferred virtual visits for primary care

37% of physicians in the U.S. have a side gig

92% of physicians said offering customized retention strategies, such as added pay, paid time off, & paid sabbaticals could improve the staffing shortage

The U.S. is projected to spend $605-$635 billion on medicine in 2025

85% of Facilities Are Facing Allied Healthcare Professional Shortages

About 35% of patients say they enjoy virtual primary care because it allows them to talk with a physician no matter their location

Health system expenses are expected to increase by nearly $135 billion in 2023