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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 | May 2015

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
$313bn
Annual Growth 10-15
5.6%
Annual Growth 15-20
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Profit
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Employment
1,802,902
Businesses
240,774
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 Analysis Chapter

The Medical Group Practice Management industry is composed of healthcare provider groups, such as primary-care physicians and specialist doctors that share business management, facilities, records and personnel. During the five years to 2015, IBISWorld estimates that industry revenue grew at an average annual rate of 5.6% to $313.0 billion. In 2015 alone, revenue is expected to increase 2.5% thanks to rising demand and recent healthcare reform provisions that facilitate cooperation among healthcare providers. Further, most of the major coverage provisions of the Patient Protection and Affordable Care Act were not implemented until January 2014, and the effects of the plan are not yet conclusive... 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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