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