Becker's Healthcare June 13, 2017
Increasing patient financial responsibility means a growing portion of provider and payer revenue is tied to direct consumers payments — posing challenges and opportunities for healthcare organizations.
According to InstaMed’s “Trends in Healthcare Payments Seventh Annual Report: 2016,” consumers across generations are seeking convenience when paying their medical bills. The survey includes nationwide data from respondents representing more than 100,000 healthcare providers, more than 3,000 payers and more than 2,730 consumers.
Here are 10 study findings.
1. By 2019, consumer healthcare spending is estimated to grow to $608 billion.
2. InstaMed found the volume of consumer payments to providers increased 58 percent from 2013 to 2016.
3. The number of consumers insured through high-deductible health plans increased from 10 million...
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