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Spring 2024 Issue

By the Numbers
For The Record
Vol. 36 No. 2 P. 34

The medical coding and billing market, valued at $1 billion USD, is expected to grow by this percentage between now and 2030.

$6 Billion
Inaccurate patient identification is responsible for one-third of rejected insurance claims in the United States, costing the health care system this much yearly. Lawmakers are proposing the MATCH IT Act of 2024 to combat these claims.

$3.7 Million
MediGold, a Medicare Advantage organization, received at least this amount in net overpayments after an audit revealed it had submitted diagnosis codes that failed to meet federal requirements.

$1.1 Billion
This year, Americans will see this amount in health insurance rebates thanks to the Affordable Care Act's medical loss ratio provision.

It’s been this many years since the Agency for Healthcare Research and Quality started its digital health care research program, which would become the foundation for digital health care.

Epic Systems, a health care software company, has about this percentage of acute care hospitals in the United States using its EHR platform, with five additional health care organizations recently adopting the software.

33% and 55%
The disruption of EHR systems during a cyberattack can cause in-hospital mortality rates to spike between these two percentages due to collateral damage to other important clinical IT systems.

Allina Health, a Minneapolis-based nonprofit health system, is transitioning this number of IT and revenue cycle employees to Optum.