Between 2019 and 2023, Medicare Advantage enrollment has grown by 2.1%

Statistic Info

This increase is due to the fact that Medicare Advantage plans offer many benefits that traditional Medicare does not. These advantages include lower out-of-pocket costs, coverage for vision and dental services, better drug coverage, access to fitness programs, and much more.

Author: HealthPayerIntelligence

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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

94% of patients would switch providers to access online scheduling options

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

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

Physicians spend nearly 2 hours daily dealing with EHRs outside of working hours

20% of patients can get same- or next-day appointments when self-scheduling is available, and more than 50% can see their physician within a week

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

Nearly 42M children in the US get their health care through Medicaid or the Children’s Health Insurance Program (CHIP)

25% of patients have attended a telehealth visit to address a new mental health concern

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

More than 60,000 of U.S. COVID-19 deaths in the pandemic’s first year were attributable to inadequate health insurance

Every eight hours that office-based physicians have scheduled with patients, they spend more than five hours in the EHR