Budgeting
Study finds 8% of providers are spending upward of $1 million dealing with post-payment audits each year.
What was particularly troubling is that the trend appears to be getting worse, with the salary gap widening over time.
Spending on cancer drugs was 2% to 5% higher than that of non-participants, and 1% to 7% higher than physician offices -- a modest effect on consumers.
Among publicly and privately insured children in the sample, respectively, 11% and 9% received unnecessary services at least once in 2014.
Doctors, hospitals, and other health providers in the U.S. spent far more on administration due to complexity.
In 2018, total U.S. medical and health R&D investment was $194.2 billion. Of that, industry invested $129.5 billion, almost 67% of the total.
Insurers got repeal of the Cadillac tax, HIT and an extension of silver loading in year-end spending package.
The administrator's business goals, the amount of education offered and access allowed, are all factors to take into account.
Physician preference items can help with patient care, but to get the most value, physicians and subject matter experts need input.
But only 16 percent of insurance executives would invest the savings into innovation.