Medical Economics November 5, 2024
A patient-centered approach requires prioritizing affordability and accessibility and yields improved cash flow and patient care access.
Medical debt is now the leading cause of personal bankruptcy in the United States, with many patients forced to choose between their health and financial stability. For millions of Americans, the cost of care is not just a financial burden — it’s a barrier to accessing the essential services they need. According to a study by Crowe Consulting, patient debt balances of $7,500 or more have surged by 300%. Over 100 million adults in the U.S. have medical debt, and one in four owes more than $5,000, according to a recent KFF research study. So, where does this crisis stem from?
Traditional health...
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