Channel Sponsor - Coding/Billing/Collections

Sponsored by National Medical Billing Services | info@nationalASCbilling.com | (636) 273-6711

Minnesota's out-of-pocket costs keep climbing, health spending set to double by 2026 — 5 insights

Minnesota's healthcare spending could reach $94.2 billion by 2026, double what it was in 2016, according to a report by the state's Department of Health.

What you should know:

1. Healthcare spending for Minnesota residents totaled $47.1 billion in 2016.

2. In 2016, spending grew at one of the lowest rates in the past decade, driven by reductions in public program spending.

3. Spending in 2018 reached about $52.9 billion, putting Minnesota on track to spend $1 out of every $6 generated within the state on healthcare.

4. Hospital spending was the largest spending category. Outpatient hospital spending accounted for $14.8 percent of total healthcare spending, while inpatient spending comprised 18 percent of the total.

5. The report noted a rapid increase in out-of-pocket spending for privately insured patients.

More articles on coding, billing and collections:
SurgCenter Development forms 200th ASC partnership — Company in 'full-growth mode'
Illinois community may benefit from ASC, OSF Regional Vice President says — 3 insights
How Southern California Orthopedic Institute shifted total joints to ASCs using bundled payments — 5 insights

 

© Copyright ASC COMMUNICATIONS 2019. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.

 

Top 40 Articles from the Past 6 Months