Hospital & Healthcare Management November 29, 2023
The US goes on to allocate a larger portion of its budget in case of healthcare as compared to any other developed country across the world. In 2021, US national health spending figured at 18.3% of its GDP. But projections indicate that by 2030, this percentage is most likely to increase to almost 20%, which would amount to near about $6 trillion.
But data goes on to indicate that nearly 25% to 30% of healthcare spending is classified as waste and happens to have the potential to be eliminated. Fraud, waste, as well as abuse, along with inefficiencies like human errors and administrative bottlenecks, contribute majorly to the total healthcare expenditure.
Risk adjustment in healthcare happens to be a methodology...
Today's Sponsors
Today's Sponsor