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 continue rising, 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 Locations Chapter
The distribution of medical group practice establishments is strongly influenced by the population size and economic development of a region, the regions' professional climate and the extent of social amenities in a region. Medical group practice management companies are concentrated in areas where physician services are most competitive and, therefore, reflect their distribution. According to the American Medical Association (AMA), the Mid-Atlantic states have the highest physician-to-population ratio; the Great Lakes and Plains states have the lowest.
Physicians tend to cluster in urban areas, close to hospitals and education centers. AMA data shows that nearly 75.0% of physicians are located in metropolitan areas, while the remaining almost 25.0% are located in rural areas... purchase to read more