The Problem

Elective procedure providers are experiencing declining patient volumes, impacting revenue streams. Key concerns include:

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Affordability Barriers:

46% of respondents in a University of Michigan survey said that out-of-pocket costs were a significant concern when considering whether or not to get elective surgery.

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Rising Costs:

Payments for elective outpatient surgeries increased 29% over the study period (2011-2017), with facility fees increasing 53% and out-of-pocket costs for patients increasing 50%.

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Impact on Patient Decisions:

Nearly half of those who said they were very concerned about cost, and more than half of those who were very concerned about taking time off work, ended up not having an operation they had considered.

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Financial Burden on Patients:

Patients with high-deductible health plans paid on average $619 for their procedures compared to $322 for patients without such plans – an 86% increase!

This situation increases inequality and limits your center’s growth.  

Ready to tackle this challenge?

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