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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 | May 2013

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

The Medical Group Practice Management market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$276bn
Annual Growth 08-13
5.8%
Annual Growth 13-18
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Profit
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Employment
1,650,371
Businesses
234,493
Industry Analysis & Industry Trends

In the past five years, the industry has grown as more physicians integrate 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 - Starting a New Business Chapter

Medical group practice management companies depend on physicians to provide the primary patient medical care. Therefore, the most notable barrier to entry is the educational requirements, residency review committees and regulation for doctors. Also, operators depend on patient demand for medical services, which poses a potentially significant barrier to entry in smaller markets.

Another major barrier to entry is the up-front investments that companies must make in management software, medical equipment and facilities necessary for a group of physicians. The management company may have to prove to physicians that it is well qualified to run a group practice, which may be difficult without staff that have prior industry experience... 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 pediatrics servicesProviding other medical and management services


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