Budgeting
The decline in funding follows a significant boom in 2021, when U.S. digital health startups raised $29.1 billion.
The hospital group is proposing the Senate at least double the $385 million in annual funding for the HPP from 2024 through 2029.
The impact of inflation is further exacerbated by continued clinical workforce shortages and pharmaceutical trends.
Hospitals struggle to know where and how the 48% of physician spend that doesn't go to compensation, is spent.
This will outpace average annual growth in gross domestic product of 4.6%, resulting in an increase in the health spending share of GDP.
More than half the participating employers have experienced high-cost claims of $2 to $4 million in the last few years.
High expenses have been placing added strain on hospitals as they try to recover from the challenges of the pandemic.
Physician-owned practices reported higher levels of compensation than hospital-owned practices.
Thirty-one percent of inpatient claims submitted to commercial payers weren't paid for more than three months, data shows.
The effects of the pandemic are still being felt, since this year's rebates are affected by 2020 and 2021.