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Company Overview
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Revenue Cycle Management
Telemedicine Billing
Clearinghouse
Credentialing
Eligibility & VOB
Certified Coding
MIPS
Consulting
EMR
Healthcare Providers
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Mental & Behavioral Health
Therapy & Rehabilitation
Physician Practices
Resource Center
Blog Posts
News & Industry Updates
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Topic:
Physician Practices
Coding Drives Up Medical Billing Costs in the US
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1 in 5 adults say they or a family member have received an unexpected medical bill in 2022
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90% of medical practices shared that costs have risen faster than revenues in 2022
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20% of households in the United States have medical debt
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Americans owe at least $195 billion in medical debt
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75% of patients utilize either healthcare provider or payer/insurance websites
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HIPAA compliance is not enough to protect patient records
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1 in 5 Medicare beneficiaries spend 1/2 or more than 1/2 of their monthly incomes on healthcare expenses
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Paid medical collection debt will no longer be included on consumer credit reports
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Companies using incentive programs reported a 79% success rate
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