92% of practices said that 2022 Medicare reimbursement rates already do not adequately cover the cost of care provided

Statistic Info

The costs of running a medical practice have been steadily increasing over the past decade. In addition, the cost of technology continues to grow as more and more practices adopt digital tools and platforms to improve patient care.

Author: RevCycle Intelligence

More Related Stats

Clinics & Pharmacies

27% of Adults Face At Least One Healthcare Affordability Challenge

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

There are an estimated 275,000 deaths and $528.4 billion wasted annually in the United States

In 2022, more than 2.34 billion prescriptions were filled using one e-prescribing company

90.9% of clinics reported using an online patient portal and 65.8% reported using self-check-in terminals or kiosks for patient visits

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

Research suggests that 81% of the time treatments that are comparatively effective are also cost-effective

72% of physicians and nurse practitioners are anticipating that pharmacists will be a regular part of the care team by 2030

51% of Americans worry about potential problems with their prescriptions stemming from understaffed pharmacies

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

More 2022 Stats

Medical groups and healthcare organizations reported a 6.1% increase in primary care compensation in 2022 compared to 2021

In 2022, more than 2.34 billion prescriptions were filled using one e-prescribing company

Between 1990-2022, the number of osteopathic physicians has more than quadrupled from fewer than 25,000 to over 110,000

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

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

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