Topic: Physician Practices

Coding Drives Up Medical Billing Costs in the US

1 in 5 adults say they or a family member have received an unexpected medical bill in 2022

90% of medical practices shared that costs have risen faster than revenues in 2022

20% of households in the United States have medical debt

Americans owe at least $195 billion in medical debt

75% of patients utilize either healthcare provider or payer/insurance websites

HIPAA compliance is not enough to protect patient records

1 in 5 Medicare beneficiaries spend 1/2 or more than 1/2 of their monthly incomes on healthcare expenses

Paid medical collection debt will no longer be included on consumer credit reports

Companies using incentive programs reported a 79% success rate