Physician Practice Management Market 2018 Analysis by Key Players, Industry Size and US Forecast to 2022
MarketReportsOnline.com adds The US Physician Practice Management (PPM) Market: Size, Trends & Forecasts (2018-2022) research report of 56 pages on the PPM industry to the healthcare intelligence collection of its research store.
Pune, India – June 7, 2018 /MarketersMedia/ —
The report “The US Physician Practice Management (PPM) Market: Size, Trends & Forecasts (2018-2022)”, provides analysis of the US physician practice management, with detailed analysis of market size and growth of the industry. The analysis includes the market by expenditure, by number physician practices acquisition, by addressable market and by source of funds for expenditure.
Moreover, the report also assesses the key opportunities in the market and outlines the factors that are and will be driving the growth of the industry. Growth of the overall US physician practice management market has also been forecasted for the years 2018-2022, taking into consideration the previous growth patterns, the growth drivers and the current and future trends.
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Envision Healthcare, Mednax, Team Health and US Anesthesia Partners are some of the key players operating in the US physician practice management market, whose company profiling has been done in the report. In this segment of the report, business overview, financial overview and business strategies of the companies are provided.
Company Coverage of US Physician Practice Management (PPM) Market:
1. Envision Healthcare
2. Mednax
3. Team Health
4. US Anesthesia Partners
Physician Practice Management or PPM is the industry which is formed by collaboration of number of physicians together and specializes in providing clinical facilities and other physician services to their clients/patients.
There are two types of organization/companies who offers physician services: PPM company and Management Service Organization (MSO). A PPM company is the one which is specialized with single-specialty groups, hospital-based physicians or multispecialty groups and serves as strategic planner for participating physicians, whereas MSO is leaned towards handling practice administration management and contracting functions.
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There are four modes through which PPM companies generate their revenue: billing of physician services (accountable only for participating physicians), hospital contracts (contract price for providing physician services for 2-3 years), physician compensation and other fees/subsidies (such as administrative fees if a hospital is unable to meet sufficient patient volume).
Hospitals are the biggest client for any PPM company. Hospitals outsource physicians from PPM companies instead of hiring. There are three primary factors because of which hospitals outsource physician services: improving quality and financial outcomes of the hospital, surpass the difficult phase of talent hunt & recruiting and more economic in terms of leverage/scale. In the US region, physicians are exiting running their clinics and started merging with other practices and selling to hospitals, PPM companies and other private equity firms.
The US physician practice management market is expected to increase at high growth rates during the forecasted period (2018-2022). The US physician practice management market is supported by various growth drivers, such as increasing mergers and acquisitions of physicians, growing demand of outsourced physicians by hospitals, rising emergency department’s (ED) patient number, etc. Yet, the market faces certain challenges, such as, lower hospital volumes, physician payments under MACRA, etc. few new market trends are also provided such as, growing government funds, etc.
Complete report on US Physician Practice Management (PPM) Market spread across 56 pages providing 4 company profiles, 1 Table and 29 figures available at http://www.marketreportsonline.com/745739.html.
Major Points from List of Figures:
Figure 1: Difference between PPM and MSO
Figure 2: PPM Companies Revenue Generation Modes
Figure 3: Reasons for Hospitals Outsource Physicians
Figure 4: Physician Exit Strategies
Figure 5: The US Healthcare Expenditure; 2014-2017 (US$ Trillion)
Figure 6: The US Healthcare Expenditure; 2018-2022 (US$ Trillion)
Figure 7: The US Healthcare Expenditure by Types of Services (Hospital Care, Physician, Clinical Services, Prescription Drugs, Dental Services, and Others); 2016 (Percentage, %)
Figure 8: The US Physician Services Expenditures; 2012-2017 (US$ Billion)
Figure 9: The US Physician Services Expenditures; 2018-2022 (US$ Billion)
Figure 10: The US Physician Services Expenditures as Percentage of Total NHE; 2010-2016 (Percentage, %)
Figure 11: The US Physician Services Expenditures by Source of Funds (Private Health Insurance, Medicare, Medicaid, Other Health Insurance Programs, Out of Pocket and Other Payers); 2016 (Percentage, %)
Figure 12: The US Physician Practice Management Addressable Market by Value; 2017-2022 (US$ Billion)
Figure 13: The US Physician Practice Management by Addressable Market; 2017 (US$ Billion)
Figure 14: Number of the US Physician Practices Acquired; 2010-2017
Figure 15: The US Physician Practices Owned By Hospitals; 2012-2015 (Percentage, %)
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