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