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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 is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

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 - Industry Key Buyers Chapter

The Medical Group Practice Management industry is highly fragmented; the largest four firms are expected to account for less than 2.0% of industry revenue in 2014. Industry leader Kaiser Permanente Medical Group earns less than 1.0% of industry revenue. Further reflecting high fragmentation, only about 3.9% of medical group practice management companies encompass more than 20 physicians. Demonstrating the relatively small size of industry companies, only about 6.4% of medical sites managed by the industry see more than 100 patients in a single day, with about 75.6% serving one to 50 patients daily... 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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