29 Statistics You Need To Know About Healthcare & Telemedicine
LAST UPDATED ON
February 26, 2021
First Stop Health
Healthcare costs are increasing, burdening both employers and employees. Accessing care has also become more difficult due to COVID-19 and a variety of other reasons. Our collection of statistics demonstrate the scale of these healthcare problems and how telemedicine can address the issues.
Skyrocketing U.S. Healthcare Costs
1. Healthcare spending continues to grow: The Centers for Medicare and Medicaid Services (CMS) forecasts national health spending will grow at an average rate of 5.5% per year through 2027.
2. Healthcare spending as a percent of GDP:CMS estimates that, as a share of GDP, healthcare costs, which represented 17.9% of GDP in 2017, will constitute 19.4% by 2027.
Research clearly supports the conclusion that telemedicine and other virtual care offerings are effective alternatives to in-person visits with the potential to save money while increasing access to quality care.
Telehealth: Size, Penetration, Quality and Cost Savings
6. Millennials and convenience: Millennials place high value on both ensuring convenience and limiting treatment costs. Just 67% of millennials have a primary care physician, compared with 85% of baby boomers.
7. Care for older adults: Americans are living longer than ever before, and the population of older Americans is growing at an unprecedented rate. Consequently, costs associated with their healthcare needs are expected to strain the healthcare system. The good news? The vast majority of older adults are open to telemedicine, despite assumptions that they would be less willing to use technology.
8. Telemedicine patient satisfaction: 79% of patients said that scheduling a telemedicine follow-up visit was more convenient than arranging an in-person follow-up, according to Massachusetts General Hospital.
11. Combined employer and employee costs: Large companies say their total cost of health care, including premiums and out-of-pocket costs for employees and dependents, will increase to $15,500 per employee in 2021, up from $14,642 per employee in 2019, according to the National Business Group on Health.
26. Long waits for first-time appointments: According to a Merritt Hawkins survey examining 15 major metropolitan areas, the average wait for a new patient to get an appointment with a family medicine doctor is 24.2 days.
27. Shortage of primary care physicians:The Association of American Medical Colleges predicts a shortage of up to 122,000 physicians by 2032. They also predict the country will be short 21,100 and 52,200 primary care physicians by that time.
28. Population density and access to care: The shortage of doctors and longer drives to medical facilities disproportionately affect rural Americans’ access to care. Suburban Americans live an average of 12 minutes from their nearest hospital, while urban Americans live just 10 minutes away. However, rural Americans live an average of 17 minutes from their nearest hospital, with 25% of that group living more than half an hour away.