Physicians: Top 10 Major Drivers of Healthcare Costs
The report includes responses from 13,575 physicians. The survey was conducted on behalf of The Physicians Foundation by Merritt Hawkins and completed in September 2012.
The top 10 major drivers of rising health costs, according to respondents, are:
• Defensive medicine — 69.1 percent
• Aging population — 64.9 percent
• Cost of pharmaceuticals — 59.1 percent
• Advances in technology/treatment — 51.2 percent
• Social conditions (poverty, drugs, violence, illegal immigration, etc.) — 43.5 percent
• State and federal insurance mandates — 41.6 percent
• Lack of pricing transparency — 40.5 percent
• Limited patient financial obligations — 39 percent
• Absence of free markets — 37.2 percent
• Fraud — 18.8 percent
More Articles on Practice Management:Team-Based Pre-Procedural Pause Makes For Near-Perfect Checklist Completion
Medical Practice Marketing: 5 Common Mistakes
7 Statistics on Number of Patients Physicians See Per Day
© Copyright ASC COMMUNICATIONS 2016. 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.
- Back in business: Caryl Serbin on big challenges for ASCs & launching Serbin Medical Billing
- ASD Management: How a private firm with decades of experience can improve your ASC
- Experienced RN Administrator / Venice, FL
- Non-opioid pain treatment NeuroRelease in development: 3 notes
- Nanticoke Physician Network adds Dr. Ismet Lukolic: 4 things to know