AP NEWS

2018 Physician Office Market Report - Spending on Physician Services is Projected to Exceed $1 Trillion by 2026 - ResearchAndMarkets.com

November 26, 2018

DUBLIN--(BUSINESS WIRE)--Nov 26, 2018--The “2018 Physician Office Market Report” report has been added to ResearchAndMarkets.com’s offering.

This report focuses on the growing challenges and opportunities within the evolving market.

In 2017 Americans made 990.8 million visits to physician offices Spending on physician services is projected to exceed $1 trillion by 2026 Three-quarters of patients believe electronic health records can improve the quality of care

Key Findings

Executive Summary Annual Spend On Physician And Clinical Services To Exceed $1 Trillion By 2025 Majority Practice In A Single-Specialty Group Two-Thirds Of Patients Satisfied With Primary Care Physician Aging Population, Obesity, Insurance Access Drive Future Market Growth Nearly Half Say Medical Supply Budgets Will Increase Physician Office Market Remains Fragmented Despite Increased M&A Government Funding Largest Source Of Practice Revenue Few Clinicians Received Positive Adjustments From CMS Value-Based Care Programs Physicians Concerned About Negative Impacts From Value-Based Care Many Physicians See Loss of Autonomy As Detriment To Providing Care Offices Prioritize Hiring Staff Most Physicians Do Not Plan To Change How They Practice Medicine Number Of Physicians Planning To Change Practice Models Declines Supply And Demand Drives Salaries Upward Work Pressure, Pace, Viewed As Patient Safety Risk Physicians Think Technology Can Improve Practice Efficiency 70% Of Physician Offices Use EHR Software Patients Seek Price Transparency To Plan Healthcare Expenses One-Quarter Of Patients Postpone Primary Care Because Of Cost Patients Use Online Resources To Gauge Provider Reputation Pace Of Growth For Retail Clinics Faster In Urban Areas Competition Increases In Urgent Care Market Utilization Of Urgent Care Highest In Upper Midwest, Northeast Majority of CHC Patients Are At Or Below The Federal Poverty Level Visits To Community Health Centers Increased 64% In The Last Decade Healthcare Consumer Interest In Telehealth Outpaces Physician Office Adoption Use Of Wearable Devices By Healthcare Consumers Triples In Past Six Years POLs Valued At $29 Billion In 2017 GHX Reports $57 Billion In Physician Office Sales Through Distribution In 2017 GHX Lists Top Physician Specialties By Distributed Sales

For more information about this report visit https://www.researchandmarkets.com/research/plwhnr/2018_physician?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20181126005470/en/

CONTACT: ResearchAndMarkets.com

Laura Wood, Senior Press Manager

press@researchandmarkets.com

For E.S.T Office Hours Call 1-917-300-0470

For U.S./CAN Toll Free Call 1-800-526-8630

For GMT Office Hours Call +353-1-416-8900

Related Topics:Other Healthcare Facilities

KEYWORD:

INDUSTRY KEYWORD: PRACTICE MANAGEMENT HEALTH MANAGED CARE

SOURCE: Research and Markets

Copyright Business Wire 2018.

PUB: 11/26/2018 09:26 AM/DISC: 11/26/2018 09:26 AM

http://www.businesswire.com/news/home/20181126005470/en

AP RADIO
Update hourly