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.
- 5 most read GI/endoscopy stories: Aug. 22-Aug. 26
- 52% of coders assign codes based on documentation, regardless of physician query: 5 things to know
- iPads vs. sedative for pediatric patients before surgery: 5 things to know (hint: iPad wins)
- 10 Things to Know About Adenoma Detection
- The Jackson Laboratory & bioMérieux team up to create precision diagnostics for infectious diseases: 4 points