Latest Medicare Payment Composition Data

Here are some key findings from the new 2013 Medicare spending data released by CMS:

·         Over 950,000 health care providers collectively received about $89 billion in Medicare payments in 2013.

·         This includes $17 billion for drugs administered and $72 billion for medical services.

·         Spending on psychiatry rose 9.3%, to $853 million.

·         $32 million was spent on sports medicine, for an increase of 56%.

·         Sleep medicine spending increased, as 100 new practitioners in the specialty received $7.2 million.

·         Spending on general practice decreased by 7.6% to $380 million.

Source: Centers for Medicare and Medicaid Services, June 2, 2015