If 81 percent is reported, that begs the question: What makes up the 19 percent that isn’t reported? Below are five things to know about the $672 billion in hidden healthcare costs each year not reported in the NHEA.
1. Supervisory care — including unpaid care at home provided by a family member or friend of someone with limited self-care capacity — makes up 15 percent of the unreported costs.
2. Expenditures on vitamins, minerals, functional foods and other specialty supplements make up 2 percent of non-NHEA spending.
3. One percent of the costs come from complementary and alternative medicine services and products such as naturopathy, yoga, acupuncture and massage, to name a few.
4. Community care homes for the elderly make up another 1 percent of unreported spending.
5. Ambulatory care, weight-reducing centers, health publications and other costs make up the last 1 percent of hidden healthcare costs.
More articles on healthcare finance:
Oklahoma pediatric hospital plans $30 million expansion
Missouri Medical Center’s $14.7M in patient revenue under budget for October
Upstate University Hospital able to earn small profit
Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit
