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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 provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

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 Investment Chapter

The Medical Group Practice Management industry has a low level of capital intensity as healthcare is a labor-intensive sector and much of that labor is highly skilled and highly paid. IBISWorld estimates that for every dollar spent on wages, industry operators will spend $0.04 on capital. Over the past five years, capital intensity has declined slightly; in 2010, for every dollar spent on wages, industry operators spent about $0.05 in capital investment. In 2015, labor costs account for 48.1% of total revenue, whereas depreciation expenses represent about 1.7% of total revenue.

There is a high level of personal care in most healthcare industries, since patient-doctor interaction is necessary in order to improve health... 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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