This week, two boards with much on the line in U.S. healthcare will convene:
- The American Medical Association (AMA) Board of Trustees will meet in San Diego.
- The American Hospital Association (AHA) Board of Trustees will meet in Nashville.
Each has a busy agenda but charting a path forward for their members in the context of the One Big Beautiful Bill Act’s passage July 4 is the immediate task.
STAT’s Daniel Payne observed: “Lobbyists’ failure to stop or even substantially modify the bill leaves concerning questions for American health care: Has the influence of the health care industry, once among the most powerful, faded in Washington? And do doctors and hospitals — sometimes proxies for patient voices in government — understand how to navigate Trump’s remade Washington?… The law, the biggest change in American health policy in more than a decade, now tees up a series of new fights to delay cuts and boost other funding streams — a fight with higher stakes than ever, and one that doctors, hospitals, and health insurers enter without a clear, winning strategy…”
Notwithstanding last-minute concessions for certain states and $50 billion for rural health, the law represents a loss for AHA, AMA and others who failed to convince Republicans in Congress there’s is a noble purpose above others. New influencers, like the Paragon Institute and others, appear to swayed lawmakers successfully targeting Medicaid, a soft target already suspected of widespread waste and fraud by critics in Congress.
As these Boards meet later this week, many concerns are shared:
- Each fears the ‘Big Bill’ cuts will trigger Medicare cuts under conditions of the PAYGO Act (2004) on top of Medicaid cuts in the Act.
- Each takes issue with corporate insurers who use prior authorizations, network design and utilization management to withhold, delay or deny payment.
- Each believes the underlying costs for the labor, prescription drugs and technologies they need are excessive and non-sustainable.
- Each believes price transparency is less important to increase competition is over-rated.
- Each wants to increase the supply of physicians to address increased demand.
- Each recognizes that the majority of physicians are unhappy and burned out
- Each thinks funding should be added for more preventive, primary, public and rural health services without cutting funding for specialty services and facilities.
- Each thinks the public is easily misinformed and often misled.
- Each thinks their work is highly complicated, over-regulated, under-appreciated and under-valued.
- And each thinks the Big Beautiful Bill will be chaotic for their members and harmful to the public’s health.
But their paths diverge in three critical areas:
Ownership: Dues paying members in both associations range from large-to-small including cohorts in risk of extinction (rural hospitals, independent practices, et al). Their members operate under 3 major models: investor-owned, private not for profit and government-owned. Consolidation and corporatization are widespread as margins and insurer reimbursement shrink. But ownership-related issues for each association are different:
- AMA must attend to growing discord between hospital employed physicians (more than half of total physicians) and issues around clinical autonomy, compensation, and burnout. And, among members employed by private equity investors, AMA must address circumstances where PE funds facing a maturity cliff dispose of a practice irresponsibly without regard for physician and patient wellbeing.
- By contrast, AHA faces issues around private equity ownership of hospitals facing state and federal regulatory restrictions, state and federal tax exemptions for not-for-profit owners, the solvency and sustainability of Medicare Advantage plans, executive compensation, hospital costs and more. Physician issues for most are considered important but part of a bigger set of challenges to which AHA resources are targeted.
Media scrutiny: Media attention to physicians and hospitals is significant and increasing. Winning the hearts and minds of populations is complicated and expensive. Polling suggests the public trusts physicians, nurses and pharmacists more than hospitals, insurers and drug companies but concerns about affordability and institutional mistrust are mounting for all.
For AMA, rigorous enforcement of its Code of Conduct and promotion of the profession has served it well. But the AHA has a more complicated task: privately-sponsored report cards, government ratings and investigative reports alleging hospital price gauging, excessive executive compensation, poor quality are bountiful sources of coverage. Akin to Daniel Payne’s assessment, hospitals (aka AHA) need a fresh message.
Vision: The AMA envisions a health system anchored in a physician-patient relationship; the AHA sees the same operating beside a local hospital with modern facilities and technologies. The centricity of an organized professional structure wherein physicians exercise unilateral clinical control and financial responsibility is a differentiator between the two: the AMA believes it imperative, AHA believes it necessary but incomplete.
The AMA and AHA serve unique, diverse memberships: they’re both big, influential and complicated. Both lost in their campaigns to dissuade GOP lawmakers to support the Big Beautiful Bill.
Going forward, their paths will parallel but increasingly diverge.
Paul
Resources
Tax law triggered Medicare cuts. Will Congress act? – Modern Healthcare
Best Buy Health layoffs to hit 161 employees – Modern Healthcare
Health Insurers Are Becoming Chronically Uninvestable – WSJ July 10, 2025
An academic coalition finalizes an alternative to billions of dollars of cuts to indirect payments
Paragon Health Institute https://paragoninstitute.org/medicaid/what-made-it-into-law-health-provisions-of-the-one-big-beautiful-bill/
Sections in this report:
- Quotables
- Capital
- Costs
- Coverage
- Hospitals
- Physicians
- Polling
- Population Health
- Technology
Quotables from last week:
Payne (STAT) on healthcare industry advocacy effectiveness: “Republicans swiftly approved President Trump’s tax cut bill last week, despite a full-court press from doctors, hospitals, and patients to beat back some of the largest health care cuts in American history — more than $1 trillion in all over the next decade.
Lobbyists’ failure to stop or even substantially modify the bill leaves concerning questions for American health care: Has the influence of the health care industry, once among the most powerful, faded in Washington? And do doctors and hospitals — sometimes proxies for patient voices in government — understand how to navigate Trump’s remade Washington?
In interviews with more than 20 congressional staffers, lobbyists, health executives, and lawmakers through the critical days of Trump’s One Big Beautiful Bill, a picture of the new dynamic has emerged, in which the health industry’s sway in Washington has substantially weakened — and in which proxies for patient voices are pushed aside…
The law, the biggest change in American health policy in more than a decade, now tees up a series of new fights to delay cuts and boost other funding streams — a fight with higher stakes than ever, and one that doctors, hospitals, and health insurers enter without a clear, winning strategy…
Trump’s embrace of the bill won out over opponents. Any idea that his MAGA movement’s populism would protect Medicaid has evaporated.
That’s left the health care industry facing a movement even less friendly than they had imagined: a populism that is skeptical of health institutions but not committed to preserving the government programs benefiting the masses (and the businesses they rely on for care).
Trump’s power — and the MAGA movement that fueled his rise — has transformed Washington, health care, and their relationship with one another. The health sector has yet to find a working playbook for the new Washington…”
Trump tax bill exposes the lost clout of the health care lobby | STAT
Cassidy on Budget Bill impact on households: “….A study from the Yale’s Budget Lab provides an answer to this question. It found that the Senate bill—which was not far off from the final version of the legislation that passed—would decrease the financial resources of households in the bottom 20% of the income distribution by about seven hundred dollars a year and increase the resources of households in the top 0.1% by more than a hundred thousand dollars annually. As I pointed out a few weeks ago, the bill is a reverse-Robin Hood mechanism.”
The Economic Consequences of the Big Odious Bill | The New Yorker
McKinsey on housing shortage: “We have a massive housing shortage, and that crunch is really affecting families’ ability to achieve more. In 2023, we estimated there were 8.2 million fewer units of housing than the market required to meet the needs of American families. Without action, that number could grow to 9.6 million by 2035.
This gap has huge implications for our economy and for everyday families. It’s the reason 40 million American households spend more than 30% of their income just to find shelter. That’s one in three households spending nearly a third of their income just to have a home as of 2022. If you think about what that means in terms of families’ ability to build wealth but also feel secure and develop roots in a place, it has real consequences.”
Confronting the affordable-housing crisis | McKinsey
DOJ on healthcare fraud: “Health care fraud imposes an enormous cost to the health care system and to our nation’s economy as a whole. While no one has an exact figure, the General Accounting Office estimates that health care fraud, waste and abuse may account for as much as 10% of all health care expenditures. Health care expenditures now exceed one trillion dollars each year, so that more than $100 billion may be lost in fraud, waste and abuse annually. Health care fraud also undermines both the cost and quality of health care provided to patients.
The Department’s health care fraud efforts are centered in the United States Attorneys’ Offices, the Criminal Division and the Civil Division. These efforts are coordinated by the Special Counsel to the Deputy Attorney General.”
Justice Manual | 976. Health Care Fraud—Generally | United States Department of Justice
Bain on corporate strategy and market stability: “There’s a good reason why executives feel embattled. The past five years have delivered blow after blow to their business and M&A strategy. The first big shock came when the Covid-19 pandemic jolted companies into inaction, sending 2020 M&A deal values and volumes plunging to the lowest levels in decades. The next shock occurred two years later in the form of soaring interest rates that caused executives to reassess deal economics, slowing activity almost to pandemic lows. And just when many were regaining their footing and reviving M&A plans, here come US tariffs—a third tremor with the potential to upend the confidence and clarity that underpin the market for mergers and acquisitions as bets on long-term growth and profits.”
M&A Midyear Report 2025: Separating the Signal from the Noise | Bain & Company
Nocera on consulting: “I don’t have a crystal ball, but it’s not hard to imagine what consulting will be like a decade down the road. The big firms will see a drop in prestige; companies will no longer feel the need for a Good Housekeeping Seal of Approval from a consulting firm. Young MBA graduates will stop flocking to consulting firms—who won’t be hiring in any case because the work typically done by junior staff will have been taken over by AI. Consultants with truly valuable expertise will break off from big firms and start small boutiques where they will go from job to job instead of holding onto the same client year after year. Consulting will still exist, but it will be far less profitable than it is today.”
The Consulting Crash Is Coming – by Joe Nocera
Campanella on AHA: “Regardless of your views of the “One Big Beautiful Bill,” it is time for all stakeholders, especially the American Hospital Association (AHA) and large urban hospital systems to exercise their fiduciary responsibility to help address the healthcare challenges of residents in rural and urban America.
Sadly, AHA’s primary focus has been to protect hospitals, mostly large urban hospital systems from “perceived” threats that could negatively impact their revenue base many times to the detriment of rural hospitals and overall population health.”
Rosenbluth on Osteopathy: “What is a doctor of osteopathic medicine? This is, I’ve discovered, a timely question. The number of D.O.s is growing quickly: More than a quarter of all medical students in the U.S. today are attending osteopathic schools. Today, there are more than 150,000 practitioners, quadruple the number three decades ago. It’s about supply and demand.
The U.S. population is growing. Lots of people want to be doctors, and many more need medical care. But the number of spots at traditional medical schools has grown very slowly. The number at osteopathic schools, however, has ballooned in recent years. Fourteen campuses have opened in the last five years alone, creating thousands of training slots.
The profession has gained traction in places, often rural, where M.D.s are in short supply. Osteopathic schools are often in “medically underserved” areas like Kirksville, Mo.; Harrogate, Tenn.; and Detroit. Nearly 60% of D.O.s are primary care doctors — which pays less and is less popular among M.D.s.
The United States is the only developed country that trains two separate professions to act as physicians.”
So Your Doctor Is a DO. Does That Matter? – The New York Times July 13, 2025
Capital
Pitchbook: private equity maturity cliff: “The maturity wall facing PE funds will grow as GPs struggle to wind down older vintages that enter their harvesting stage. (Historically, PE-backed IPOs have fluctuated in their share of the total, peaking at 54.2% in 2016 and bottoming at 3% during the volatile market of 2022… The number of active funds 10 years or older increased from 2,698 at the end of 2024 to 3,119 funds as of May 2025, accounting for 25.9% of the total PE fund count, up from 23.2%. This is another concerning development that shows funds are indeed struggling to liquidate at and past maturity.)…PE will see a decline in annual fundraising following multiple years of robust activity.”
2025_US_Private_Equity_Outlook_Midyear_Update_19529.pdf
Costs
Milliman: Annualized Increase in Healthcare Costs by Service Category, 2005-2025
| Category | 2005 | 2025 | % Increase |
| Inpatient Facility Care | $3,704 | $9,876 | 167% |
| Outpatient Facility Care | $1,858 | $7,173 | 286% |
| Professional Services | $4,527 | $11,541 | 155% |
| Pharmacy | $1,785 | $5,954 | 234% |
| Other Services | $339 | $575 | 70% |
| Total | $12,2145 | $35,119 | 188% |
2025 Milliman Medical Index, May 2025
Coverage
Commonwealth Fund: Underinsured working population: “The Affordable Care Act (ACA) led to dramatic declines in the share of Americans who lack health insurance coverage. According to the Census Bureau, the nonelderly uninsured rate fell from 16.7% in 2013 to 9.4% in 2023. Yet, many with health insurance are underinsured; that is, they could have difficulty paying their share of medical costs because those costs are high relative to their income. The Commonwealth Fund estimates that 23% of working-age adults with insurance were underinsured in 2024 and that 14% of the underinsured had coverage purchased in the Marketplace or the individual market—this despite low-income enrollees’ eligibility for cost-sharing subsidies in the individual Marketplace…
Although the ACA resulted in lower uninsured rates, underinsurance continues to be a concern, with patient cost-sharing requirements creating a barrier to care for some enrollees. Addressing this concern in the individual Marketplace is not as simple as lowering deductibles or other cost-sharing features. For example, AV rules may require that reductions in some cost-sharing parameters be offset by increases in other parameters.”
Health Insurance Affordability: Balancing Premiums and Out-Of-Pocket Costs | Health Affairs
Hospitals
Hospital data: Kaufman Hall caveat: “Kaufman Hall, National Hospital Flash Report (May 2025 Metrics) Note: Hospitals only. The Kaufman Hall Hospital Operating Margin and Operating EBITDA Margin Indices are comprised of the national median of our dataset, and are displayed with and without adjustments for allocations to hospitals from corporate, physician, and other entities.”
National Hospital Flash Report: May 2025 Data | Kaufman Hall
Kaufman Hall | National Hospital Flash Report
Study: Hospital obstetrical care 2010-2022: Researchers analyzed obstetric service status for every rural and urban short-term acute care hospital in every US state. Highlights:
“Seven states (13.7%) had 25% or more of their hospitals lose obstetric services by 2022. In five states (9.8%), 25% or more of their urban hospitals lost obstetric services. The problem was more pronounced in rural areas, with 12 states (25.5%) experiencing 25% or more losses of obstetric services among hospitals in rural counties.”
CT Republican State Senators to UConn Health: “Despite this reversal, UConn Health now has a major staff morale problem in addition to its perennial budget problem. Frontline UConn Health nurses are now justifiably suspicious and distrusting, and that points to management at the highest levels.
We call on UConn’s top administrators to take immediate steps to address this. Lead by example. Communicate with staff. Address the obscenely high upper-level management salaries throughout the university. UConn Health already receives an enormous amount of money from overburdened state taxpayers. Make common sense and wide-ranging salary cuts throughout upper management. Restore trust.”
“Restore trust.” CT Senate GOP on UConn Health Nursing Staff Morale – Connecticut Senate Republicans
Physicians
Medscape Physician Compensation Report 2025 based on 7,322 physicians surveyed across 29 specialties between Oct. 3, 2024, and Jan. 15, 2025.
- Physicians’ salaries rose by an average 2.9% from 2023 to 2024, among the lowest raises in compensation since 2011. +3.9% for primary care physicians vs. +2.4% for specialists’ salaries (the lowest increase since 2021).
- Median comp for physicians 2024: all physicians: $374,000, PCPs: $287,000, Specialists: $404,000
- Physicians reported seeing 73 patients in an average work week in 2024, compared with 74 patients the year prior.
- Across all physicians, 48% said they personally feel fairly compensated for their work, the lowest in 10 years. When asked about physicians as a whole, about 6 in 10 physicians said they were unfairly compensated.
Comparing Your Pay Against Your Peers’: Medscape Physician Compensation Report 2025 July 8, 2025
Practice settings: Distribution of physicians by practice ownership, 2012 vs 2024
| Practice Ownership | 2012 | 2024 |
| Private practice | 60.1% | 42.2% |
| Hospital-owned | 23.4% | 34.5% |
| Private equity-owned | n/a | 6.5% |
| Direct hospital employee/contractor | 5.6% | 12.2% |
| Other | 10.9% | 4.6% |
AMA Policy Research, Physician Practice Characteristics in 2024, May 2025
Practice survey: threats to independent practice: Q2 Black Book Research poll of 496 practices conducted from March June 2025:
- 70% do not expect to maintain autonomy beyond the next 18 months without major changes to their operational strategies, partnerships, or financial management.
- 28% have signed new VBC contracts with payers or CMS as of July 1, 2025.
- 24% have outsourced key administrative and revenue cycle functions to control costs.
- 16% have joined IPAs, MSOs, or ACOs but retained their independent governance.
- 5% have directly invested in population health or analytics platforms.
- 71% say declining reimbursements and unsustainable finances are biggest threats followed by regulatory and administrative overload (13%) and technology infrastructure concerns (3%).
Study: Insurer ownership of primary care: “In 2023, payer-operated practices accounted for 4.2% of the national Medicare primary care market by service volume, up from 0.8% in 2016, the study published in Health Affairs Scholar found. It’s the first concrete estimate of insurer ownership of physician practices nationwide, and suggests that vertical consolidation is being driven by the potential for profits in nudging MA members to owned clinics, researchers said…. UnitedHealth-owned Optum was the largest operator of primary care clinics of all the insurers included in the analysis, holding more than 2.7% of market share nationally and more than 35% in several large counties.”
Insurer ownership of U.S. primary care practices is small but growing: study | Healthcare Dive
Study: physician executive advancement: “… nearly 60% of surveyed US physician leaders expressed interest in becoming a CEO—a striking contrast to the roughly 15% of healthcare CEOs in the United States today who come from clinical backgrounds. This ambition prompts a consequential question for the future of healthcare: How can this aspiration be harnessed so that the next generation of physician CEOs can successfully deliver both health outcomes and enterprise performance?
Skills and experience gaps along with perception barriers—specifically, negative external perceptions about physicians’ business or leadership skills—are the top self-reported challenges to transitioning into leadership positions, according to our survey respondents (60 percent and 52 percent, respectively). Indeed, many physicians enter the workforce in their thirties after years of intensive training but with limited exposure to business practices. By contrast, their nonclinical peers have typically spent years working with budgets and building strategic experience.”
The next specialty: Physician CEOs to lead with clinical expertise | McKinsey
Physician/APP survey: views on nutrition: Sermo’s Barometer surveyed 1041 physicians and nurse practitioners in June, 2025. Highlights:
- HCPs believe it is primarily the healthcare provider’s responsibility to educate patients about nutrition. 38% feel that time constraints and insufficient training in nutrition counseling (22%) are the most significant barriers to effectively implementation.
- 32% feel they had excellent or good nutrition education as part of their medical schooling. 74% reported that they only occasionally or rarely learn about these updates through their CME programs.
- Supplements are a common topic in the exam room, with 84% of HCPs always, often or sometimes discussing their use with patients. When assessing the safety and effectiveness of supplements, providers rely on peer-reviewed clinical studies (67%), followed by regulatory oversight (51%) and guidance from medical associations (46%).
- When patients mention unfamiliar supplement brands, providers turn to trusted sources to learn more. Scientific literature is the first choice for 34% of HCPs, while 32% consult the product’s website.
Polling
Gallup: Satisfaction: “In June, 31% of Americans said they were satisfied with the way things are going in the U.S., down from 38% in May. Gallup has tracked this measure since 1979. Over that time, satisfaction has ranged from a high of 71% in 1999 to a low of 7% in 2008, a 64-percentage-point span. The latest reading preceded U.S. military airstrikes in Iran and came as President Donald Trump’s job approval rating stood at 40%, the lowest to date of his second term. Views on the economy, however, showed modest improvement.”
Ups and Downs in U.S. Satisfaction
Population Health
CDC: Adolescent health: prediabetes prevalence but data validity questioned: In 2023, nearly 1 in 3 U.S. youngsters (32.7%) ages 12 to 17 had prediabetes, according to recently released data from the U.S. Centers for Disease Control and Prevention. That is far higher than a previous estimate that the condition affects about 1 in 5 kids. “But scientists who study and treat diabetes noted that CDC officials released only a 600-word online summary of their new findings — not the raw data nor a peer-reviewed published paper describing how they arrived at the new figure. The agency also changed the methodology used to calculate the higher estimate without a detailed explanation. That underscores questions about the accuracy of information being released by America’s top public health agency following widespread staff cuts in recent months…”
Spotlight – United States Diabetes Surveillance System
Prediabetes in teens: CDC finds nearly 1 in 3 US youth have it | AP News
CDC: Measles update: On Wednesday (July 9), the Centers for Disease Control and Prevention reported that the number of confirmed measles cases in the country had risen to 1,288, exceeding the 1,274 cases reported in 2019, to become the highest single-year total since the United States declared measles eliminated in 2000.
- There have been 27 outbreaks reported in the U.S. so far this year, accounting for 88% percent of the cases. In comparison, there were 16 outbreaks across the entire year in 2024 and 69% of cases were associated with those outbreaks.
- There have been three confirmed deaths. 13% of the cases led to hospitalizations.
- Of the 1,288 cases, 368 (29%) were in children younger than 5 and 469 (36%) were in kids between the ages of 5 and 19 years old.
- In 92% of the confirmed measles cases, the individuals were unvaccinated or their vaccination status was unknown.
- 4% of the cases were in individuals who received just one dose or the measles, mumps, and rubella (MMR) vaccine, and another 4% in people who got the required two doses.
CDC www.cdc.gov
Parenting challenges significant, impacting birth rate: “There are few decisions more fraught for members of my generations — the cusp of millennial and Gen Z — than whether or not to become a parent. In 2023 the U.S. fertility rate fell to a record low. Some of the decline can be explained by a delay in having children or a decrease in the number of children, rather than people forgoing child rearing entirely. But it still seems increasingly likely that millennials will have the highest rate of childlessness of any generational cohort in American history.
There are plenty of plausible explanations for the trend. People aren’t having kids because it’s too expensive. They’re not having kids because they can’t find the right partner. They’re not having kids because they want to prioritize their careers, because of climate change, because the idea of bringing a child onto this broken planet is too depressing. They’re swearing off parenthood because of the overturning of Roe v. Wade or because they’re perennially commitment-phobic or because popular culture has made motherhood seem so daunting, its burdens so deeply unpleasant, that you have to have a touch of masochism to even consider it. Maybe women, in particular, are having fewer children simply because they can.
I suspect there’s some truth in all of these explanations. But I think there’s another reason, too, one that’s often been overlooked. Over the past few decades, Americans have redefined “harm,” “abuse,” “neglect” and “trauma,” expanding those categories to include emotional and relational struggles that were previously considered unavoidable parts of life. Adult children seem increasingly likely to publicly, even righteously, cut off contact with a parent, sometimes citing emotional, physical or sexual abuse they experienced in childhood and sometimes things like clashing values, parental toxicity or feeling misunderstood or unsupported.
This cultural shift has contributed to a new, nearly impossible standard for parenting. Not only must parents provide shelter, food, safety and love, but we, their children, also expect them to get us started on successful careers and even to hold themselves accountable for our mental health and happiness well into our adult years. So, I want to suggest that there’s another reason my generation dreads parenthood: We’ve held our own parents to unreachable standards, standards that deep down, maybe, we know we ourselves would struggle to meet.”
Opinion | There’s a Link Between Therapy Culture and Childlessness – The New York Times
Housing market challenges for Millennials: “Baby boomers dominate America’s housing market. They own roughly $19.7 trillion worth of US real estate, or 41% of the country’s total value, despite accounting for only a fifth of the population. Millennials, by comparison, make up a slightly larger share of the population but own just $9.8 trillion of real estate, or 20%. The disparity is a product of both their relative youth and the stark advantages enjoyed by their elders. Flush with cash from prior home sales and burgeoning stock portfolios, boomers can afford to win bidding wars and upgrade, downsize, or collect rental properties like Monopoly pieces. Even last year, with millennials solidly in their peak homebuying years, baby boomers gobbled up the lion’s share of the market. They accounted for 42% of buyers between July 2023 and June 2024, data from the National Association of Realtors found, well outpacing millennials’ measly 29% share.
Boomers are a big reason Americans are stuck in place: People are staying in their homes almost twice as long as they used to, a Redfin analysis found, with nearly 40% of boomers having lived in their homes for at least 20 years and another 16% staying put for 10 to 19 years…
Soon, though, Father Time will force the generation to either pass along those homes to lucky inheritors or dump them on the market…Between 2025 and 2035, boomers’ numbers are projected to decline by 23%, or about 15.6 million people, according to an analysis of Census data by the Harvard Joint Center for Housing Studies. Between 2035 and 2045, their numbers are expected to drop by another 47%, or 23.4 million people.”
New Millennial Home Dilemma: What to Do with Baby Boomer Real Estate – Business Insider
Technology
Report: Healthcare Data Breaches: “The Economics of ePHI Exposure: A Long-Term Impact Model of Healthcare Data Breaches” Highlights:
- “The average cost of a healthcare data breach has reached $9.8 million — nearly twice as high as the cross-industry average of $4.45 million.
- 70% of patients say they would consider switching providers after a data breach.
- Medical identity theft victims face $13,500 in average costs and 200+ hours of resolution.
- Nearly half of small practices lack sufficient cyber insurance.”
Patient Protect via Business Wire, June 2025
