5 Things to Know About Medical Office Visits in 2012
IMS Institute shows office visits are on the decline in the United States.
The report, titled "Declining Medicine Use and Costs: For Better or Worse?" found that spending on office visits was down 3.5 percent from 2012, totaling $325.8 billion. Key trends from the report include:
• Patient office visits fell 0.9 percent in 2012 while outpatient and non-emergency room admissions were also down slightly.
• Increased availability of generics, now accounting for 84 percent of all prescriptions, led to lower utilization of brand drugs.
• Patients with insurance paid higher deductibles and higher co-pays or co-insurance, and nearly 20 percent of the insured population are now in a consumer-driven health plan.
• Average out-of-pocket for patient under 65 reached $1,146 in 2012, a 30 percent increase from 2011.
• Twenty-eight new molecular entities were made available to patients in 2012, including seven with orphan drug designation form the FDA. There were nine new cancer treatments.
More Articles on Physicians:
Alaska Native Medical Center Names Dr. Roland Torres Clinical Director
Drs. Martin Gryfinski, Raymond Hwang Develop Spine Program at Kishwaukee Community Hospital
OrthoCarolina Adds Orthopedic Urgent Care Services
© Copyright ASC COMMUNICATIONS 2012. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.
To receive the latest hospital and health system business and legal news and analysis from Becker's Hospital Review, sign-up for the free Becker's Hospital Review E-weekly by clicking here.
New from Becker's ASC Review