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Medical Group Practice Management in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Medical Group Practice Management Market Research Report | Advisory & Financial Services | Other Outsourced Functions | Jun 2014

Take care: A trend toward group practices and healthcare reform will drive strong growth

IBISWorld’s Medical Group Practice Management market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$296bn
Annual Growth 09-14
6.2%
Annual Growth 14-19
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Profit
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Employment
1,720,814
Businesses
236,735
Industry Analysis & Industry Trends

In the past five years, the industry has grown as more physicians have integrated into larger provider networks to gain advantages such as increased negotiating power with insurance carriers and greater purchasing power. In the next five years, industry revenue is forecast to rise further, driven by healthcare reform provisions and aging demographics. However, ongoing shortages of medical personnel may restrain rapid industry growth.... purchase to read more

Industry Report - Industry SWOT Analysis Chapter

IBISWorld estimates that the Medical Group Practice Management industry is in the growth stage of its life cycle. Industry value added, which measures the industry's contribution to the overall economy, is expected to increase at an average annual rate of 7.5% during the 10 years to 2019. Over the same period, US GDP is estimated to grow 2.7% per year on average, indicating that the industry is expected to grow faster than the overall economy.

Although physicians are a staple in the healthcare sector, the traditional method of healthcare delivery has changed dramatically over the past decade. There has been a gradual shift away from small and solo practitioners toward larger healthcare providers, such as those included within this industry... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Medical Group Practice Management Industry?

This industry comprises medical groups of physicians of various disciplines, including primary care physicians and specialist doctors. Medical group practices are defined as three or more physicians engaged in the practice of medicine as a legal entity sharing business management, facilities, records and personnel.

Industry Products
Family practice servicesInternal medicine servicesPediatric servicesDiagnostic radiology servicesObstetrics or gynecology servicesOther services
 
Industry Activities
Providing family practice servicesProviding internal medicine servicesProviding pediatric servicesProviding other medical and management services


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