Topic: Physician Providers

The largest and smallest healthcare companies make up 81% of bankruptcies

Patients’ interest in receiving text message notifications about their medical bills rose by more than 30% this year from 2022

Urgent care center claims grew by 70% in the past 5 years

Uninsured rate fell 18% during pandemic

The IDR caseload is up by 53% compared to the previous quarter

A year after the federal government launched the IDR process under the No Surprises Act, over 330,000 balance billing disputes have been filed

97% of practices reported that their patients experience delays or denials for medically necessary care due to prior authorization requirements

35% of medical groups said they spend upwards of 35 minutes on an average prior authorization request. Nearly 5% reported spending 91 minutes or more on a single request

Almost 6 in 10 practices saw 15%+ of their patients either switch from traditional Medicare to Medicare Advantage or between Medicare Advantage plans

95% of practices provide care to patients covered by Medicare Advantage, and 75% report they are seeing an increasing number of these patients