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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 - 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. Education includes four years of undergraduate school, four years of medical school and three to 11 years of internship, residency and fellowship, depending on the specialty selected. Further, all states, the District of Columbia and US territories license physicians. To be licensed, physicians must graduate from an accredited medical school, pass a licensing examination and complete one to seven years of graduate medical education... 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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