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Health Care Spending

It’s incredible to think that there are over 850,000 active physicians within the United States and that number continues to grow year over year! Spending within the Health Care Industry continues to rise at the fastest rate in history, and is expected to exceed $4.5 Trillion in 2020!

A 2006 survey reported that operating costs for multi-specialty medical groups increased 7.4% while those same medical practice’s revenue only grew by 1.8%. Physicians are taunted each year with constant threats to cut Medicare reimbursements – medical providers are looking today more than ever for ways of reducing their overhead and increasing their productivity.

Healthcare Spending vs GDP

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