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.
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Physician Practices
Coding Drives Up Medical Billing Costs in the US
1 in 5 adults say they or a family member have received an unexpected medical bill in 2022
90% of medical practices shared that costs have risen faster than revenues in 2022
20% of households in the United States have medical debt
Americans owe at least $195 billion in medical debt
75% of patients utilize either healthcare provider or payer/insurance websites
HIPAA compliance is not enough to protect patient records
Paid medical collection debt will no longer be included on consumer credit reports
Companies using incentive programs reported a 79% success rate
More 2022 Stats
Coding Drives Up Medical Billing Costs in the US
The CDC is on high alert for signs of an aggressive flu season in the U.S.
Healthcare spending for all causes increased by $1.4 trillion
1 in 5 adults say they or a family member have received an unexpected medical bill in 2022
90% of medical practices shared that costs have risen faster than revenues in 2022
Pharmacies have administered 258 million doses of the authorized COVID-19 vaccine
Pharmacy revenue grew by $20 billion between 2020 & 2021