47% of physicians are 55 or older

Statistic Info

This statistic highlights a pressing issue of an aging healthcare workforce that could potentially lead to a shortage of physicians in the future. This is especially concerning for rural communities, where access to medical care can be limited and physicians may need to travel long distances to provide care.

Author: Becker's Hospital Review

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Physician Practices

In 2022, 31.2% of physicians reported they had been sued at some point in their careers. An average of 61 claims had been filed per 100 physicians

Physicians spend nearly 2 hours daily dealing with EHRs outside of working hours

20% of patients can get same- or next-day appointments when self-scheduling is available, and more than 50% can see their physician within a week

Corporate-owned practices have grown by 25% as independent private practices are bought out or abandoned in favor of hospital or corporately owned practices

By 2034, the U.S. may face a shortage of up to 124,000 physicians

Between 21% & 61% of patients incur same-day costs while accessing supposedly free preventative care as part of the ACA’s free preventative care mandate

61% of Providers Plan to Outsource Revenue Cycle Management Tasks

Between 2019 and 2023, Medicare Advantage enrollment has grown by 2.1%

58% of Payers Use Outcomes-Based Contracts for Prescription Drugs

47% of physicians reported they are burned out, while 74% of health care executives felt burned out within the past six months

More 2023 Stats

The largest and smallest healthcare companies make up 81% of bankruptcies

Patients’ interest in receiving text message notifications about their medical bills rose by more than 30% this year from 2022

Urgent care center claims grew by 70% in the past 5 years

Retail clinic claims volumes have shot up by 200% in the past five years, according to a new report

Uninsured rate fell 18% during pandemic

The IDR caseload is up by 53% compared to the previous quarter

A year after the federal government launched the IDR process under the No Surprises Act, over 330,000 balance billing disputes have been filed

97% of practices reported that their patients experience delays or denials for medically necessary care due to prior authorization requirements

35% of medical groups said they spend upwards of 35 minutes on an average prior authorization request. Nearly 5% reported spending 91 minutes or more on a single request

Almost 6 in 10 practices saw 15%+ of their patients either switch from traditional Medicare to Medicare Advantage or between Medicare Advantage plans