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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 2013

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
$276bn
Annual Growth 08-13
5.8%
Annual Growth 13-18
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Profit
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Employment
1,650,371
Businesses
234,493
Industry Analysis & Industry Trends

In the past five years, the industry has grown as more physicians integrate 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 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 about 75.0% of physicians are located in metropolitan areas, while the remaining 25.0% are located in rural areas... 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 pediatrics servicesProviding other medical and management services


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