Navigation Links
Medical Group Practice Management in the US Industry Market Research Report Now Available from IBISWorld
Date:5/23/2013

Los Angeles, CA (PRWEB) May 23, 2013

Over the past decade, the traditional model of healthcare delivery has been gradually transforming, which has affected the Medical Group Practice Management industry. “Burdened by medical school debt and seeking regular hours, more young physicians are opting out of private practices and instead joining hospitals or other medical groups,” says IBISWorld industry analyst Anna Son. In addition, “faced with rising operating costs and reimbursement pressure, a number of older physicians are selling their practices and moving into salaried jobs.” In 2013, only about one-third of US physicians will be truly independent (i.e. not affiliated with any group), compared with 57.0% in 2000.

The shift away from small practices is further driven by growing concerns over rising healthcare costs, medical errors and changes in payment systems. “Joining larger practices, such as medical groups, offers a number of advantages,” explains Son, “including increased negotiating power with insurance carriers, greater purchasing power, operating efficiencies and the ability to withstand any demand fluctuations.” Consequently, the Medical Group Practice Management industry is growing as more physicians integrate into larger provider networks. During the five years to 2013, IBISWorld estimates that industry revenue has grown at an annualized rate of 5.8% to $275.5 billion, including 6.9% in 2013 alone.

During the next five years, growth will be driven by healthcare reform provisions and aging demographics. There are a number of provisions that are expected to support coordinated healthcare delivery, thus encouraging physicians and other providers to consolidate. For example, the implementation of electronic health records (EHRs) can be complicated for small healthcare providers without adequate financial and technical resources. As such, smaller providers are encouraged to join larger providers that offer support systems. In addition, providers that demonstrate the meaningful use of EHRs will receive financial incentives under healthcare reform.

At the same time, ongoing shortages of medical personnel may restrain rapid industry growth over the next five years. In light of healthcare reform that will expand health coverage and subsequent demand for healthcare services, the dearth of physicians and nurses can adversely impact the industry by delaying care. Only about 3.9% of medical group practice management companies encompass more than 20 physicians, which indicates the relatively small size of industry companies. As such, the industry is highly fragmented and his low market share concentration. Industry leaders, though small, include Kaiser Permanente Medical Group and Cleveland Clinic. For more information, visit IBISWorld’s Medical Group Practice Management in the US industry report page.

Follow IBISWorld on Twitter: https://twitter.com/#!/IBISWorld
Friend IBISWorld on Facebook: http://www.facebook.com/pages/IBISWorld/121347533189

IBISWorld industry Report Key Topics

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 Performance
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
Products & Markets
Supply Chain
Products & Services
Major Markets
Globalization & Trade
Business Locations
Competitive Landscape
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry
Major Companies
Operating Conditions
Capital Intensity
Key Statistics
Industry Data
Annual Change
Key Ratios

About IBISWorld Inc.
Recognized as the nation’s most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on every US industry. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. Headquartered in Los Angeles, IBISWorld serves a range of business, professional service and government organizations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.com or call 1-800-330-3772.

Read the full story at http://www.prweb.com/releases/2013/5/prweb10761484.htm.


'/>"/>
Source: PRWeb
Copyright©2012 Vocus, Inc.
All rights reserved

Related medicine news :

1. New York Law Journal Releases Top Medical Malpractice Case for 2012: NY Supreme Court Awards $8.6 Million to Plaintiff after Doctor's Misdiagnosis Led to Personal Injury
2. Children’s National to Host Symposium on Medical Device Development
3. OnSomble, Inc. Partners with The Aroostook Medical Center to Enhance Nurse Understanding of the Professional Role
4. Automated Security Alert's New Medical Alarm Works Even In Power Outages
5. Catalyst Exhibits Debuts 360 Degree Virtual Tour of St. Jude Medical Trade Show Booth
6. When Tragedies Impact Children – Kentucky Emergency Medical Services for Children (KYEMSC) Offers Specialized Training for Pediatric Emergency Care
7. Survey points out deficiencies in addictions training for medical residents
8. Medical Ministry International Recognized as a 2013 Top-rated Nonprofit By GreatNonprofits.org
9. UofL scientists uncover how grapefruits provide a secret weapon in medical drug delivery
10. Access MediQuip and WellPoint Renew and Expand National Contract for Implantable Medical Devices
11. Romio Announces Mini Video Series Featuring Local Business Emergency Medical Care
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:3/30/2017)... ... ... manicurist from Greet, S.C., wants to offer people a new way to care for their ... feet, so I know the importance of proper foot care," he said. "In order to ... , The FOOT-TRAN SYSTEM enables a user to clean and exfoliate the bottoms of his ...
(Date:3/30/2017)... ... March 30, 2017 , ... This morning, more than 275 ... their support for an independent Vaccine Safety Commission. Five of the signers of ... will hold a press conference at 9:00 AM Friday, March 31 at ...
(Date:3/29/2017)... ... ... In the United States alone, up to 36% of primary brain tumors ... brain tumors(3). Though most meningiomas are benign, metastatic brain tumors are known to grow ... options, the San Diego Gamma Knife Center offers a precision-medicine based solution ...
(Date:3/29/2017)... ... ... Grass pollen is the main cause of hay fever in the United States, with an ... runs from May to July each year; with the worst time for sufferers being June ... balms ( http://www.haymax.us ) provide an effective defense against grass pollen; they are proven in ...
(Date:3/29/2017)... ... 2017 , ... Sublime Naturals and its founder, Kathy Heshelow, are big fans ... been used for thousands of years. , "The West has caught on, and has ... How to Use it For Your Wellness. Overcome Inflammation, Enemy of the Body. " ...
Breaking Medicine News(10 mins):
(Date:3/29/2017)... Mar. 29, 2017 Research and Markets has ... report to their offering. ... The global gas chromatograph market to grow at ... The report, Global Gas Chromatograph Market 2017-2021, has been prepared based ... report covers the market landscape and its growth prospects over the ...
(Date:3/29/2017)... EAST HANOVER, N.J. , March 29, 2017 ... and Drug Administration (FDA) has accepted the company,s ... review for CTL019 (tisagenlecleucel-T), an investigational chimeric antigen ... refractory (r/r) pediatric and young adult patients with ... first BLA submission by Novartis for a CAR-T. ...
(Date:3/29/2017)... 2017 Research and Markets has announced the addition ... at Proton Therapy Centers & Forecast" report to their offering. ... The South Korean Proton Therapy ... size in 2016. The Untapped Proton Therapy Market for South ... 2016. Proton Therapy plays an important role in delivering ...
Breaking Medicine Technology: