Smaller party annual revenues exceeded $1 billion in more than 15% of last year’s transactions, coming in just below the previous year’s historic high of 16.3%
Statistic Info
This growth can be attributed to an increased interest in healthcare companies from investors, which is largely driven by the increasing need for new treatments and cures, as well as improved access to healthcare services in the United States.
Author: RevCycle Intelligence
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Revenue Management
74% of Hospitals Use Some Revenue Cycle Automation
Affordable Care Act Marketplace Enrollment Up By 33%
Fewer Than 1 in 3 Consumers Pay Medical Bills Immediately
Medicare Advantage Denials Jump 56%, Commercial Denials 20%, from Jan. 2022 to July 2023
Adults in the U.S. are most likely to have medical bill problems, regardless of income
More than 1 in 6 Americans now 65 or older
Demand for contract labor costs this year should normalize at about 60% higher than 2019 levels
More 2023 Stats
74% of Hospitals Use Some Revenue Cycle Automation
Nearly half of physicians are equally excited and concerned about the use of AI in their field
ChatGPT Gives Wrong or Incomplete Answers Regarding Medication About 75% of the Time
Fewer Than 1 in 3 Consumers Pay Medical Bills Immediately
Medicare Advantage Denials Jump 56%, Commercial Denials 20%, from Jan. 2022 to July 2023
Adults in the U.S. are most likely to have medical bill problems, regardless of income
More than 1 in 6 Americans now 65 or older
27% of Adults Face At Least One Healthcare Affordability Challenge
In 2023 there was a 13% revenue growth in Q2 due to rising enrollment