Introduction to Patient Leakage
Owners and managers of healthcare practices in the United States are dealing with the problem of patient leakage, which results in patients leaving them for other healthcare organizations or systems altogether. As patients exit, providers experience challenges in meeting their goals to strengthen their flow of revenue and improve patient engagement.
If you’re working to reduce patient leakage, you’re not alone.
Consider that 94% of respondents to an ABOUT Healthcare survey indicated they have a priority to reduce patient leakage. About 78% said addressing this issue has become more crucial since the start of the coronavirus pandemic.
Health system executives estimate they can increase revenue by 17% if they can reduce patient leakage. Some 65% of health system leaders said that they’re stymied in reaching their financial goals because of it.
When looking at the reasons behind patient leakage, about 45% of patients left due to competition from other health systems. Around 35% of respondents cited a lack of talent, while 32% pointed to insufficient patient-appropriate services as the cause.
With that in mind, here is additional insight into reasons for patient leakage, and solutions to help practices address it.
Types of Patient Leakage
What is patient leakage? Industry analysts refer to two types of patient leakage—involuntary and voluntary: