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

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Clinics & Pharmacies

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

95.7% of patients prefer to receive test outcomes immediately through their patient portals

77% of patients believe that pharmacists are an integral member of the care team

9 in 10 Americans live within 5 miles of a pharmacy and high-risk patients visited their community pharmacy an average of 35x per year

As of August 2022, preliminary federal estimates showed that Medicaid enrollment stood at more than 90.9 million people

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

More 2022 Stats

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

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