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Sheer complexity of payments system costs $375 billion, or 14.7% of healthcare spending?

Posted by Daniel Patrick on

  • 1 hour of direct clinical time yields 2 hours of desk work
  • Physicians bring 1-2 hours of work home
  • 100 physicians yield 67 nonclinical full-time employees dedicated to billing and insurance related activities
  • $471 billion billing and insurance related costs
  • 80% of billing and insurance costs a result of sheer complexity of payments system

References:

https://www.nytimes.com/2018/07/16/upshot/costs-health-care-us.html

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