The researchers found that, overall, medical deductibles were higher in 2023 than in 2022

Statistic Info

High deductibles can pose a financial risk to individuals who may not have the means to cover them; this could lead to people compromising on necessary treatments because of affordability issues. Furthermore, higher deductibles would also affect businesses that provide health insurance as part of their benefits package by increasing their costs.

Author: HealthPayer Intelligence

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Revenue Management

Healthcare organizations will increase their cybersecurity budgets, in some cases by more than 15% compared to 2022

Demand for contract labor costs this year should normalize at about 60% higher than 2019 levels

Medicare Advantage enrollment is expected to reach a milestone this year, exceeding 50% of the total Medicare population in 2023

An estimated 5 million to 14 million are expected to lose coverage as states resume eligibility checks

63% of CEOs identified inadequate Medicaid reimbursement as a concern

Over the last year, medical care prices grew by 3.1%

The researchers found that, overall, medical deductibles were higher in 2023 than in 2022

The healthcare industry could save almost $25 billion, or 41%, by fully automating administrative transactions

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%

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%

More 2023 Stats

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

47% of patients state they would prefer a telehealth appointment if given the option

Almost 90% of Medicare Advantage beneficiaries and Medicare Supplement beneficiaries said they were satisfied with their health plan coverage

In Medicaid expansion states, 9.1% of adults were uninsured in 2021 compared to 18% in non-expansion states

Between 2019 and 2020, the share of organizations that offered telehealth rose from 38.2% to 69%

27% of physicians plan to leave medicine within two years due to physician burnout

78% of uninsured individuals reported never disputing a medical bill with their physician, hospital, or insurance company

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

The prevalence of mental illness is about equal among beneficiaries enrolled in traditional Medicare (31%) and those in Medicare Advantage plans (28%)