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.
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.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.