Thursday, June 22, 2017

Healthcare Revenue Cycle Management: A Drop in Prices, Spending and Employment

The healthcare industry saw lower numbers in the first quarter of the year. Records showed that prices, spending and employment took a fall from June 2016 to April 2017. This downward trend occurred three years after healthcare spending was accelerated.

According to statistics, healthcare prices dropped 1.9% from March to April this year. It’s only 1.6% higher than that of last year, marking the lowest annual growth rate since June 2016. Healthcare employment growth, on the other hand, fell by 10,000 per month since 2016, while healthcare spending declined by 0.5% during the same period.

These figures came amid the controversies surrounding the Trump administration’s plans to repeal Obamacare and the recent proposed budget cuts that will affect Social Security Disability Insurance. There are various reasons for the drop and slow growth in healthcare prices, spending and employment. Read more from this blog.

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