Medical Expenditures Report
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Medical Expenditures Report Information
Medical Expenditures Report Usage
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Medical Expenditures Report Overview
The Medical Expenditures report details total dollar amount and average amount per household spent on medical care and services such as prescription drugs, eyeglasses and contact lenses, and physician services. A spending potential index (SPI) compares the amount spent in a specified area to the U.S. average.
Key variables used in this report include
- 2007 and 2012 Population, Households, Families, Median Age, and Median Household Income
- 2007 total and average amount spent on medical goods and services such as
- Commercial insurance
- Convalescent or nursing home care
- Dental services
- Eye care services
- Eyeglasses and contact lenses
- Health maintenance organization
- Hearing aid
- Hospital room and services
- Lab tests, x-rays
- Medicare payments
- Nonprescription drugs
- Nonprescription vitamins
- Physician services
- Prescription drugs
How to Use Medical Expenditures Reports
Understanding how much money is spent annually on healthcare can help physicians groups decide where to place new offices and what services have the most demand.
Who Should Use Medical Expenditures Reports
Anyone looking to determine market potential in an particular area:
- Insurance Agents
- Physicians Groups
- Community leaders
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