90% of medical practices shared that costs have risen faster than revenues in 2022

Statistic Info

With increasing costs being a concern of healthcare practices of all types, ensuring pharmacy claims are approved the first time around is more important now than ever – and an accurate template is the best way to do it.

Author: Medical Group Management Association

More Related Stats

Physician Practices

Almost 90% of Medicare Advantage beneficiaries and Medicare Supplement beneficiaries said they were satisfied with their health plan coverage

In Medicaid expansion states, 9.1% of adults were uninsured in 2021 compared to 18% in non-expansion states

27% of physicians plan to leave medicine within two years due to physician burnout

78% of uninsured individuals reported never disputing a medical bill with their physician, hospital, or insurance company

Nearly 1/3 of beneficiaries age 65+ said they turn to an insurance broker or agent

88% of physicians describe the prior authorization burden as high or extremely high

Approximately 80% of physicians also said prior authorizations at least sometimes result in treatment abandonment

With prescription drug prices rising at an average rate of 31.6%, physicians can expect patients to search for solutions to their expensive prescription bills

Managing provider preferences is the top scheduling challenge, according to 31% of executives surveyed

44% of healthcare businesses plan to implement customer experience strategies in 2023

More 2022 Stats

Telehealth utilization rose 5.5% in December, up slightly from November, according to Fair Health’s national monthly tracker

52% of U.S. patients said healthcare providers dismiss their described symptoms

Researchers found that 8.3 million Medicare beneficiaries participated in a telehealth visit, & of these, 5% had one or more out-of-state telehealth visits

Telehealth, physician payment, training more doctors & pandemic preparedness are among the health care provisions in the federal government’s $1.7 trillion budget for 2023

The federal budget will extend incentive payments for alternative payment models for an additional year, through 2025. However, the incentive payments will be at 3.5% instead of 5%

Although specialty medications total roughly 2% of prescribed drugs, they account for more than 52% of all pharmacy spending

Nearly 40% of Americans are confused by medical bills

Federally-facilitated Exchange Improper Payment Rate Less Than 1% in Initial Data Release

Medicare physician pay has declined 22% from 2001 to 2021

76% of healthcare leaders indicate they think inflation will have a significant impact on their strategy