US Physician Practices Versus Canadians: Spending Nearly Four Times As Much Money Interacting With Payers (original) (raw)

US physician practices, particularly smaller ones, incur significantly higher administrative costs compared to Canadian practices due to interactions with multiple insurance plans. A comparative study between the two countries revealed that US practices spend 82,975perphysicianannuallyonpayerinteractions,almostfourtimesmorethanthe82,975 per physician annually on payer interactions, almost four times more than the 82,975perphysicianannuallyonpayerinteractions,almostfourtimesmorethanthe22,205 spent by their Canadian counterparts. Efficient administrative processes could lead to potential annual savings of $27.6 billion in the US healthcare system.