Industry Analysis & Industry Trends
In recent years, the Specialist Doctors industry benefited from a rise in demand for its services, due to an aging population and the growing prevalence of chronic diseases. Moreover, industry growth was aided by improving access to healthcare insurance as a result of the Patient Protection and Affordable Care Act (PPACA). As a result, industry revenue is projected to grow over the five years to 2016, as healthcare reform enters its third year of full implementation. However, the effects of healthcare reform have ultimately proven to be mixed for the industry. With its emphasis on primary care, the PPACA has begun to move reimbursement under Medicare and Medicaid away from the traditional fee-for-service model... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Specialist Doctors industry is in the growth stage of its life cycle. During the 10 years to 2021, industry value added, a measure of the industry's contribution to the overall economy, is forecast to increase 3.6% per year on average. In comparison, IBISWorld projects that US GDP will grow at an average annual rate of 2.2%. While this indicates that the industry will grow at a faster rate than the overall economy, it is weighed down by poor revenue growth from 2011 to 2013, when difficult economic conditions limited access to healthcare and the implementation of reimbursement rate changes negatively impacted the industry.
Specialist doctors enjoy strong and growing demand for their services, due to demographic trends in the United States... purchase to read more