Market Overview:
The global physician practice management market is expected to grow at a CAGR of 7.8% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for physician services, rising healthcare expenditure, and growing number of private healthcare providers. In addition, the increasing use of technology in physician practice management is also contributing to the growth of this market. On the basis of type, billing of physician services accounted for the largest share in 2017 and is expected to maintain its dominance during the forecast period. This can be attributed to increased adoption by physicians for accurate and efficient billing processes that help reduce administrative costs associated with medical practices.
Product Definition:
Physician Practice Management is the organization and coordination of healthcare services provided by physicians. It includes activities such as billing, insurance claims management, and medical record-keeping. The importance of Physician Practice Management is that it helps to ensure that patients receive quality care in a timely manner.
Billing of Physician Services:
Billing of physician services is the process through which healthcare service providers bill insurance companies for medical and health care services provided to patients. In recent times, there has been a significant increase in the number of physicians entering into partnerships with hospitals and other healthcare facilities to provide various medical services such as wound care management, physical therapy, diagnostic testing etc. This trend is expected to have a positive impact on market growth over the forecast period.
Hospital Contracts:
Hospital contracts are documents that provide the framework between a healthcare provider and patient or insurance company. It is used to manage hospital services, operations, purchases and leases. The physician practice management market is expected to witness lucrative growth over the forecast period owing to increasing demand for streamlining business processes in healthcare facilities along with growing adoption of EHR (Electronic Health Records) systems by physicians across the globe.
Application Insights:
The personal service segment accounted for the largest revenue share in 2017 and is anticipated to continue its dominance over the forecast period. The growth can be attributed to factors such as increasing number of patients with chronic diseases, growing geriatric population, and rising awareness regarding better health care management. Organization service is expected to be the fastest-growing segment during the forecast period owing to factors such as increasing demand for clinical services by hospitals and clinics, rising need for efficient practice management systems among large organizations of healthcare providers, government initiatives encouraging adoption of electronic medical records (EMR), and an increase in investments by private companies in developing EMR software applications.
Personal service includes all aspects that are related with a single patient¢â‚¬â„¢s care from initial assessment through ongoing relationship between doctor & patient till follow-up or aftercare.
Regional Analysis:
North America dominated the global physician practice management market in 2017. The dominance of this region is majorly attributed to factors such as increasing demand for medical services, high adoption rate of advanced healthcare solutions and rising awareness about PPM services among physicians. Moreover, the presence of a large number of players in this region also contributes to regional growth.
The Asia Pacific is expected to grow at a lucrative CAGR during the forecast period owing to factors such as improving healthcare infrastructure and growing patient pool due to aging demographics and lifestyle-associated diseases (i.e., cardiovascular diseases, diabetes). Furthermore, government initiatives encouraging medical practitioners/physicians are also anticipated favorably impact regional growth over the forecast period.
Growth Factors:
- Increasing demand for healthcare services due to population growth and aging population
- Rising awareness about the benefits of preventive care and early diagnosis
- Technological advancements in healthcare information systems and telemedicine
- Growing emphasis on value-based care models and patient-centered medical homes
- Consolidation of physician practices into larger organizations
Scope Of The Report
Report Attributes
Report Details
Report Title
Physician Practice Management Market Research Report
By Type
Billing of Physician Services, Hospital Contracts, Physician Compensation, Other
By Application
Personal Service, Organization Service
By Companies
Envision Healthcare, Mednax, Team Health, US Anesthesia Partners
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
190
Number of Tables & Figures
133
Customization Available
Yes, the report can be customized as per your need.
Global Physician Practice Management Market Report Segments:
The global Physician Practice Management market is segmented on the basis of:
Types
Billing of Physician Services, Hospital Contracts, Physician Compensation, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Personal Service, Organization Service
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Envision Healthcare
- Mednax
- Team Health
- US Anesthesia Partners
Highlights of The Physician Practice Management Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Billing of Physician Services
- Hospital Contracts
- Physician Compensation
- Other
- By Application:
- Personal Service
- Organization Service
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Physician Practice Management Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Physician Practice Management (PPM) is a process that helps physicians manage their practice. PPM includes strategies for improving patient care, managing finances, and developing and maintaining relationships with patients and other healthcare professionals.
Some of the key players operating in the physician practice management market are Envision Healthcare, Mednax, Team Health, US Anesthesia Partners.
The physician practice management market is expected to grow at a compound annual growth rate of 7.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Physician Practice Management Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Physician Practice Management Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Physician Practice Management Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Physician Practice Management Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Physician Practice Management Market Size & Forecast, 2018-2028
4.5.1 Physician Practice Management Market Size and Y-o-Y Growth
4.5.2 Physician Practice Management Market Absolute $ Opportunity
Chapter 5 Global Physician Practice Management Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Physician Practice Management Market Size Forecast by Type
5.2.1 Billing of Physician Services
5.2.2 Hospital Contracts
5.2.3 Physician Compensation
5.2.4 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Physician Practice Management Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Physician Practice Management Market Size Forecast by Applications
6.2.1 Personal Service
6.2.2 Organization Service
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Physician Practice Management Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Physician Practice Management Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Physician Practice Management Analysis and Forecast
9.1 Introduction
9.2 North America Physician Practice Management Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Physician Practice Management Market Size Forecast by Type
9.6.1 Billing of Physician Services
9.6.2 Hospital Contracts
9.6.3 Physician Compensation
9.6.4 Other
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Physician Practice Management Market Size Forecast by Applications
9.10.1 Personal Service
9.10.2 Organization Service
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Physician Practice Management Analysis and Forecast
10.1 Introduction
10.2 Europe Physician Practice Management Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Physician Practice Management Market Size Forecast by Type
10.6.1 Billing of Physician Services
10.6.2 Hospital Contracts
10.6.3 Physician Compensation
10.6.4 Other
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Physician Practice Management Market Size Forecast by Applications
10.10.1 Personal Service
10.10.2 Organization Service
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Physician Practice Management Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Physician Practice Management Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Physician Practice Management Market Size Forecast by Type
11.6.1 Billing of Physician Services
11.6.2 Hospital Contracts
11.6.3 Physician Compensation
11.6.4 Other
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Physician Practice Management Market Size Forecast by Applications
11.10.1 Personal Service
11.10.2 Organization Service
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Physician Practice Management Analysis and Forecast
12.1 Introduction
12.2 Latin America Physician Practice Management Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Physician Practice Management Market Size Forecast by Type
12.6.1 Billing of Physician Services
12.6.2 Hospital Contracts
12.6.3 Physician Compensation
12.6.4 Other
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Physician Practice Management Market Size Forecast by Applications
12.10.1 Personal Service
12.10.2 Organization Service
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Physician Practice Management Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Physician Practice Management Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Physician Practice Management Market Size Forecast by Type
13.6.1 Billing of Physician Services
13.6.2 Hospital Contracts
13.6.3 Physician Compensation
13.6.4 Other
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Physician Practice Management Market Size Forecast by Applications
13.10.1 Personal Service
13.10.2 Organization Service
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Physician Practice Management Market: Competitive Dashboard
14.2 Global Physician Practice Management Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Envision Healthcare
14.3.2 Mednax
14.3.3 Team Health
14.3.4 US Anesthesia Partners
