The U.S. healthcare system spent $60 billion on administrative tasks last year, which is about $18 billion more than it spent in 2021, according to a new report from the Council for Affordable Quality Healthcare (CAQH). There are a couple reasons that the U.S. healthcare spend on administrative tasks increased so much last year, according to the report. The first is Americans’ increased utilization of healthcare services — many patients who deferred care throughout the pandemic began returning to their providers in 2022. The second reason is healthcare’s workforce shortage.
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Source: https://medcitynews.com/2023/02/healthcare-spent-18b-more-on-administrative-tasks-in-2022-than-year-prior