The study, which included data from 15,000 physicians, revealed that the amount of money a patient spent per visit increased by 3.5 percent over the past year, totaling about $1 per visit, including co-payments and deductibles.
Deductibles also increased for every type of physician visit by an average of $8 last year. Overall, primary care physicians saw higher rates of reimbursement compared to other physicians, which is likely due to the focus on preventative healthcare under the PPACA and insurers’ encouraging members to use primary care rather than more costly specialty care, according to the study.
The study’s findings contradict PPACA critics’ opinion that out-of-pocket costs would skyrocket, according to the report.
More articles on finance:
RCM tip of the day: Using analytics to improve revenue cycle
45 states earn ‘F’ grades for healthcare price transparency
Fitch upgrades Mount Sinai Medical Center’s bond rating: 4 things to know
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.