Industry Analysis & Industry Trends
The Urgent Care Centers industry represents one of the fastest-growing segments of the American healthcare system. With rising wait times for both primary and emergency-care providers, urgent care centers have become an increasingly viable alternative for patients. During the next five years, the Urgent Care Centers industry is expected to continue expanding. One of the main factors driving growth for the industry is increasing demands made on primary-care providers that are, thus, pushing patients to this industry's operators. Additionally, the Patient Protection and Affordable Care Act will begin to take effect in 2014, expanding insurance coverage to millions of people by 2019.... purchase to read more
Industry Report - Starting a New Business Chapter
Barriers to entry in the Urgent Care Centers industry are high. Barriers include regulatory hurdles and the up-front costs to establish an urgent care center. According to the Urgent Care Association of America, startup costs are typically $800,000 for urgent care centers, which is a high fixed startup costs due to operators not yet receiving reimbursements from third-party payers to boost their return on investment.
It is more difficult to enter the industry because urgent and unscheduled healthcare services require highly trained and diverse staff, costly equipment and healthcare licenses, compared with scheduled healthcare services. Regulation can represent a major barrier for potential urgent care center entrants... purchase to read more