Nearly 1 in 5 deliveries could lead to a surprise medical bill, study finds
FierceHealthIT
JULY 6, 2021
Nearly 1 in 5 deliveries could lead to a surprise medical bill, study finds. Tue, 07/06/2021 - 12:17.
Seniors on Medicare Advantage less likely to have issues paying medical bills: CDC study
FierceHealthIT
FEBRUARY 13, 2020
A new CDC study found significant gaps between Medicare and MA beneficiaries in having issues paying medical bills.
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Surprise, Surprise: Most Americans Have Faced a “Surprise” Medical Bill
Health Populi
SEPTEMBER 4, 2018
Most Americans have been surprised by a medical bill, a NORC AmeriSpeak survey found. patients blamed doctors and pharmacies, although a majority of consumers still put responsibility for surprise healthcare bills on them (71% and 64% net). Who’s responsible? The poll was conducted among 1,002 U.S. Plus ça change.
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People With Medical Debt Are Much More Likely to Be in Financial Distress in America
Health Populi
FEBRUARY 12, 2024
How financially vulnerable are people with medical debt in the U.S.? Significantly more, statistically speaking, we learn from the latest survey data revealed by the National Financial Capabilities Study (NFCS) from the FINRA Foundation. Medical bill stress has become a mainstream “normal” in the U.S.
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Simplifying Medical Bills to Improve Health Equity
Healthcare IT Today
DECEMBER 6, 2024
The following is a guest article by Mona Deora, Certified Medical Billing Specialist at BillingFreedom Records are very important in any health facility but for the patient, they can be a nightmare when it comes to access and analysis. How to Simplify Medical Bills? Lets Explore the Survey Results!
Patients Growing Health Consumer Muscles Expect Digital Services
Health Populi
OCTOBER 15, 2019
Survata conducted the study for Cedar among 1,607 online U.S. These study respondents had also visited a doctor or hospital and paid a medical bill in the past year. One-third of these patients had a health care bill go to collections in the past year, according to Cedar’s 2019 U.S.
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Will Trade Data for (Cheaper) Health Care – USC’s View of the Future
Health Populi
FEBRUARY 20, 2020
As such, American health consumers are wrestling with sticker shock from surgical procedures, surprise medical bills weeks after leaving the hospital, and the cost of prescription drugs — whether six-figure oncology therapies or essential medicines like insulin and EpiPens. Patients are now front-line payors in the U.S.
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The Patient as Consumer and Payer – A Focus on Financial Stress and Wellbeing
Health Populi
MAY 30, 2022
Add on top of these significant stressors the need to deal with medical bills, which is another source of stress for millions of patients in America. The American Psychological Association study I cited in that post from 2020 found that financial stress was indeed contributing to Americans’ sense of anxiety and depression.
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The Healthcare Financial Experience is a Stressful One: the Convergence of our Medical, Retail, and Financial Lives
Health Populi
SEPTEMBER 20, 2023
feel their well-being or healing was negatively impacted by difficulty paying for their medical care. Welcome to the convergence of patients’ health care life with financial and retail lives, we learn from the 2024 Healthcare Financial Experience Study from Cedar. One in two consumers in the U.S. Cedar polled 1,239 U.S.
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Only in America: Medical Debt Hits High Income and Insured People, KHN and NPR Report
Health Populi
JUNE 20, 2022
counties with the highest share of residents with multiple chronic conditions, such as diabetes and heart disease, also tend to have the most medical debt. Here’s an additional detail showing the mainstream, Main Street nature of medical debt in the U.S.: . “U.S. Changing living situations for 19% of those in debt.
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Changing Views of Retirement and Health Post-COVID: Transamerica’s Look At Workers’ Disrupted Futures
Health Populi
JUNE 29, 2022
Retirement System from the Tramsamerica Center for Retirement Studies (TCRS), we learn about the changing views of U.S. The study was fielded between October and December 2021, thus before the onset of significant inflation on household budgets in 2022. As more than 1 in 3 U.S.
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Doctors’ Offices Morph into Bill Collectors As Patients Face Growing Out-Of-Pocket Costs
Health Populi
AUGUST 2, 2021
A recent Gallup/West Health poll, published in June, found that 1 in 2 people with workplace health insurance were worried about that health event leading to bankruptcy, shown in the bar chart from the study. This gets to the affordability adjective, that first “A” in the acronym, “ACA.”
Many patients are hit with claims denials. But few challenge the decisions, study finds
FierceHealthIT
AUGUST 1, 2024
Close to half of adults said they received a medical bill or a copayment for a service that they expected to be free or covered by insurance. | Close to half of adults said they received a medical bill or a copayment for a service that they expected to be free or covered by insurance.
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In the U.S., Patients Consider Costs and Insurance Essential to Their Overall Health Experience
Health Populi
APRIL 1, 2019
For mainstream Americans, “the math doesn’t add up” for paying medical bills out of median household budgets, based on the calculations in the 2019 VisitPay Report. summary of this study asking, How does the United States compare? Given a $60K median U.S. VisitPay conducted a poll among 1,734 U.S. In the U.S.
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How Reducing Confusion Can Ease Medical Billing Stress for Employees
Healthcare IT Today
NOVEMBER 14, 2022
Case in point: A recent study by Bend Financial found that 56% of Americans admitted to feeling “completely lost” when it came to understanding how their health insurance worked. Nearly half (47%) were confused about which procedures were covered and which services were considered out of network. . The High Stakes.
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Hospitals marked up prices for emergency, anesthesiology services, study finds
FierceHealthIT
NOVEMBER 12, 2019
hospitals increased the prices for emergency medicine and anesthesiology services, the two most common sources of surprise medical bills, a new study found.
Most Workers and their Employers Want to Receive Digital Healthcare On-Demand
Health Populi
FEBRUARY 19, 2020
Mercer’s study was global, analyzing companies and their employees in both mature and growth economies around the world. Concerns about coverage for pre-existing conditions, the cost of medicines, and avoiding surprise medical bills are top-of-mind for Americans in this politically-charged year in the U.S.
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Healthcare Bills, Affordability, and Self-Rationing Care Will Continue to Challenge U.S. Health Consumers in 2024
Health Populi
DECEMBER 1, 2023
consumers say they can’t afford to pay their medical bills on-time, based on the 2023 Consumer Survey from Access One, a financial services company focused on healthcare payments. Furthermore, one-third of consumers are not confident they could pay a medical bill of $500 or more. Two-thirds of U.S.
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Insured, Sick and Broke – The Latest on the State of U.S. Health-Insured Consumers’ Financial Health
Health Populi
MAY 5, 2019
This is what rationing health care looks like in America: one in two people in families dealing with a chronic health condition have difficulty affording paying medial bills before meeting a deductible, unexpected medical bills, co-payments for prescription drugs, co-payments for physician visits, and/or their monthly health insurance premium.
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Health Care Finance Leaders Look to Cut Costs and Improve Patients’ Financial Experience — Think AI and Venmo
Health Populi
OCTOBER 17, 2023
One half-of health care financial leaders plan to invest in technology to cut costs — and most believe that AI has the potential to re-define the entire finance function as they look to Leading the transformation, a study conducted by U.S. Bank among U.S. health finance leaders thinking about emerging technologies.
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The Patient As Payor: Workers Covered by Employer Health Insurance Spend 11.5% of Household Incomes on Premiums and Deductibles
Health Populi
DECEMBER 5, 2019
The topline of this study is that average annual growth in employer premiums rose faster between 2016 and 2017, by about 5% for both single and family plans. Workers covered by health insurance through their companies spend 11.5% Health care stress is a mainstream featured in Americans’ collective psyche approaching the 2020 election.
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Consumers Are So Over Their Paper Chase in Health Care Payments
Health Populi
APRIL 1, 2024
The overall takeaway for patients in this study is that health care is disconnected from consumers, in the words of the JPM/InstaMed report. That’s twice as many patients who would prefer to pay their health care bills on doctor’s or provider’s websites versus online through their health plan’s website (19%).
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218 Health Il-Literacy Costs
Health Populi
SEPTEMBER 12, 2018
What does my doctor bill mean?” addresses medical bill literacy – the explanation of benefits wonkiness, the coinsurance and copayment concerns, and, simply put, what did the health insurance company cover? and “which doctor can I see?” deal with the in/out-of-network uncertainties. health system and health citizens alike.
The New Financial Toxicity in Health Care: The Cost of Hospitalization
Health Populi
MARCH 22, 2018
The concept of “ financial toxicity” for cancer patients was raised by concerned clinicians at Sloane-Kettering Medical Center, who discussed the topic on 60 Minutes in 2014 and have published papers on the issue. Uninsured working age people bear an even bigger burden of unpaid medical bills and bankruptcy risk.
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Study finds surprise medical bills lead new mothers to switch hospitals—highlighting a bigger problem
FierceHealthIT
MARCH 7, 2019
When new mothers encounter unexpected bills from out-of-network providers following their deliveries, they are significantly more likely to choose a new hospital for subsequent births, according to a new study.
Financial Stress and Mental Health: Considering the New $24,000 Health Plan Cost from KFF
Health Populi
OCTOBER 22, 2023
There is growing evidence on the connection between people’s financial health and their mental health, explored and explained in Understanding the Mental-Financial Health Connection , a study published by the Financial Health Network. consumers said paying a health care bill was stressful.
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Medical Debt: “The Debt of Necessity” – A Current U.S. Picture from the CFPB
Health Populi
MAY 18, 2023
consumer credit rating companies — Equifax, Experian and TransUnion — planned to remove medical bill collections that were under $500 from consumers’ credit reports. And, over one-half of patients have also sought information about medical bills. On April 11, 2023, three of the largest U.S.
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Deep Human Interactions: The Antidote To More AI In Health Care – Learning From Philips’ CEO At HIMSS19
Health Populi
FEBRUARY 13, 2019
Eventually, he said, the medical bill needs to be contained. Combine that demand side on the consumer/patient side with the fact that pressures in health care delivery organizations are creating dissatisfaction among health care workers, a Bain study recently observed looking at the “front line of health care.”
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The Unbearable Heaviness of Inflation: Will Consumers’ Financial Stress Erode Their Health?
Health Populi
JUNE 23, 2022
An hour after the Morning Consult session, I brainstormed the topic of consumers-as-payers of medical bills and prescription drugs with GoodRx strategy leaders. What Guardian learned from its 4th annual Workplace Benefits Study was that Americans aren’t feeling so well, garnering an index score of 3.26 in the U.S.
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Doing Less Can Be Doing More for Healthcare – the Biggest Takeaway From ASCO 2018
Health Populi
JUNE 5, 2018
The study, Adjuvant Chemotherapy Guided by a 21-Gene Expression Assay in Breast Cancer, was published in The New England Journal of Medicine on June 3, 2018, coinciding with the researchers’ ASCO presentation of the results. .” ” A genetic test that costs $3,000 helps to identify women who could benefit from avoiding chemo.
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Bonus Features – November 3, 2024 – 95% of consumers want an easier way to pay medical bills, 90% of medical devices aren’t running anti-malware software, plus 35 more stories
Healthcare IT Today
NOVEMBER 3, 2024
This article will be a weekly roundup of interesting stories, product announcements, new hires, partnerships, research studies, awards, sales, and more. Only 10% of Internet of Medical Things devices are running anti-malware software , according to a Forescout report.
Bonus Features – September 24, 2023 – 72 percent of patients say affordability is the biggest challenge for paying medical bills
Healthcare IT Today
SEPTEMBER 24, 2023
This article will be a weekly roundup of interesting stories, product announcements, new hires, partnerships, research studies, awards, sales, and more. Risk management vendor Censinet, KLAS Research, the AHA, and others are launching Wave 3 of The Healthcare Cybersecurity Benchmarking Study.
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Medical Debt, Aflac on Eroding Health Benefits, the CBO’s Uninsured Forecast & Who Pays for Rising Health Care Prices: A Health Consumer Financial Update
Health Populi
JUNE 24, 2024
He called out that, “In recent years, however, medical bills became the most common collection item on credit reports. Some recent signposts in research update our understanding of the patient-as-payer, such as the latest Aflac WorkForces Report 2023-24 on benefits and financial wellness in this 13th annual research study.
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Most Consumers Are Health and Wellness Consumers, Even in Hard Financial Times, Accenture Finds
Health Populi
SEPTEMBER 8, 2022
As patients continue to morph into health consumers and medical bill payers, they will seek value-based care based on their own values, customers, preferences, and beliefs.
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The Patient as Prescription Drug Payer – The GoodRx Playbook
Health Populi
OCTOBER 12, 2022
Patients have more financial skin-in-their-healthcare-games facing high-deductibles and direct out-of-pocket costs for medical bills…including prescription drugs. Gallup and West Health have been studying Healthcare in America , finding in their June 2022 consumer survey that one in four people in the U.S.
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New York's arbitration program for surprise billing leads to decline in consumer complaints: study
FierceHealthIT
MAY 13, 2019
Consumer complaints about surprise medical bills have fallen substantially in New York in the wake of a 2014 law that established a “baseball-style” arbitration protocol to address these situations, according to a new report.
How COVID-19 is Hurting Americans’ Home Economics in 2020
Health Populi
APRIL 27, 2020
With most Americans living paycheck to paycheck, lacking sufficient savings or liquidity to cover emergency expenses (beyond the emergency room in a hospital), fewer people can now pay a $500 medical bill, KFF found. Stay tuned to these important findings, which together profile the reshaping of U.S.
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Why Is So Much “Patient Experience” Effort Focused on Financial Experience?
Health Populi
AUGUST 23, 2021
Patient experience and engagement were a trending topic at the recent HIMSS 2021 conference, a growing portion of panels and presentations focusing on patient billing, revenue cycle management, and health consumers’ financial literacy. ” Another talked about the concept of “patient-centered billing.” Two-thirds of U.S.
Value-Based Health Care Needs All Stakeholders at the Table – Especially the Patient
Health Populi
MARCH 11, 2021
Note: I may be biased as a University of Michigan graduate of both the School of Public Health and Rackham School of Graduate Studies in Economics]. Mark Fendrick, and has an active and innovative advisory board. Some of the most important areas of the Center’s impact include initiatives addressing low-value care, waste in U.S.
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Call It Deferring Services or Self-Rationing, U.S. Consumers Are Still Avoiding Medical Care
Health Populi
FEBRUARY 3, 2021
adults had problems paying medical bills, largely delaying care due to cost for a visit or for prescription drugs. Several new studies converge to further tells us that Americans are self-rationing, delaying, or otherwise avoiding care nearly one year into the COVID-19 public health crisis.
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3 in 4 U.S. Patients Say the Healthcare System is Broken — But Technology Can Help
Health Populi
NOVEMBER 18, 2024
healthcare system is broken and there is a strong sense of distrust,” Lavidge asserts right at the top of the study’s press release. The Lavidge consumer study bolsters this mandate, further inspiring us to build trust in one another, with science, and with our health care providers. The erosion in trust among U.S.
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156 The Top Pain Point in the Healthcare Consumer Experience is Money
Health Populi
SEPTEMBER 5, 2018
98% of Americans rank paying their medical bills is an important pain point in their patient journey, according to Embracing consumerism: Driving customer engagement in the healthcare financial journey , from Experian Health. Experian surveyed 1,000 consumers in September 2017 for this study.
Sicker Consumers Are More Willing to Share Health Data
Health Populi
SEPTEMBER 27, 2018
Specifically, 50% of health consumers search to see their providers are in-network, to avoid surprise medical bills. adults online in February and March 2018 for the study. Trust works in the other direction, too — as sources of medical information. 39% check reputations. Deloitte surveyed 4,530 U.S.
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A Dose of Optimism Is a Prescription for Financial Health, Says Frost Bank
Health Populi
APRIL 24, 2019
Mind Over Money is a consumer study conducted by Frost Bank, working with FleischmanHillard, connecting the dots between optimism and financial health. The top-line of the study is that people who are optimists have roughly two-thirds fewer days of financial stress per year than pessimists. point increase in financial well-being.
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