Industry Analysis & Industry Trends
The Primary Care Doctors industry is an integral component of United States healthcare. However, the recession forced many consumers to cut back on doctor visits and restricted health insurance access to an increasing number of unemployed individuals. However, the main factor contributing to fewer visits was a decrease in the number of people with private health insurance, especially in 2009. Nevertheless, the industry is projected to benefit from the healthcare reform laws of 2010 and revenue will increase in the five years to 2020. As more individuals gain health insurance due to the reform, demand for primary care services will increase, growing industry revenue in turn... purchase to read more
Industry Report - Starting a New Business Chapter
Barriers to entry in this industry are at a moderate level. It is not expensive to establish a practice in the industry, as evidenced by the large number of small establishments. In addition, there are limited benefits to scale economies (i.e. being a large practice) in this industry; therefore, new entrants are not significantly burdened by their cost structure in the early stages of developing the practice and do not have to compete with firms that dominate the industry.
However, there are educational and regulatory barriers. An individual who wants to become a primary care physician must complete lengthy and expensive educational requirements, internships and residencies... purchase to read more