Workweek October 14, 2023
The U.S. spends nearly two times more on healthcare administrative costs than peer high-income nations, thanks to the health system’s administrative complexity.
But who bears the brunt of such administrative complexity and bureaucracy? The burden predominantly falls on provider groups, health plans, hospital systems, and digital health companies.
In this article, I’ll highlight the administrative costs of U.S. healthcare, dive into Medallion who’s successfully streamlining the administrative complexity, and share insights on why Medallion might just be the solution you need.
The Deets
Administrative spending accounts for 15-30% of all healthcare spending, amounting to hundreds of billions of dollars annually. To put it into perspective, on an individual scale, these administrative costs exceed $900 per person. This figure is alarmingly...
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