3 statistics on medical billing, patient payments

High-deductible health plans are increasingly prevalent, but Americans are struggling to pay their medical bills, according to ClearGage.

Advertisement

Three statistics to know:

1. Forty-one percent of working-age Americans are either experiencing medical bill issues or are paying medical debt, up from 34 percent in 2005.

2. In 2016, 68 percent of patients with up to $500 in medical bills didn’t pay off the full balance, a 19 percentage point increase from 2014.

3. More than 60 percent of patient payments are made online.

More articles on coding, billing and collections:
Florida ASC project wraps up within $6M budget — 5 details
Orthopedic ASC opens in North Carolina
6 cardiovascular ASCs opened, announced in 2019

 

At the Becker's 23rd Annual Spine, Orthopedic and Pain Management-Driven ASC + The Future of Spine Conference, taking place June 11-13 in Chicago, spine surgeons, orthopedic leaders and ASC executives will come together to explore minimally invasive techniques, ASC growth strategies and innovations shaping the future of outpatient spine care. Apply for complimentary registration now.

Advertisement

Next Up in ASC Coding, Billing & Collections

Advertisement

Comments are closed.