88.2% of medical groups are offering referral bonuses, up from 82.8% in 2023

Statistic Info

The use of referral bonuses offers several benefits, such as providing an incentive for healthcare providers to build relationships with other physicians and expand their patient base. Referral bonuses also help ensure that referrals are made appropriately, according to best practices, and can help improve the quality of care.

Author: Medical Economics

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Physician Practices

High rates of burnout is driving an expected shortage of up to 124,000 physicians in the U.S. by 2034

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94% of patients noted a delay associated with Prior Authorization (PA), with 79% reporting that PA delays can lead to treatment abandonment

95% of patients said it is important for a physician to be involved in their diagnosis and treatment decisions

88.2% of medical groups are offering referral bonuses, up from 82.8% in 2023

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

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

More 2023 Stats

In 2023 there was a 13% revenue growth in Q2 due to rising enrollment

Only a little more than a third of the insured respondents agreed that insurance facilitates affordable access to care for all

the average cost of a healthcare data breach is $10.1 million

Up to 37% of prescriptions are never filled due to cost

The average cost of medication non-adherence in the U.S. ranges from $5,271-$52,341 per person

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The average star rating across Medicare Advantage contracts increased from 3.86 in 2014 to 4.37 in 2022, when 68.4 percent of contracts had a rating of 4.0 or higher

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