Physician Market

The 2009 Physician Market Report summarizes key market trends and forecasts that are expected to affect distributor sales and strategy during the next three to five years. It focuses on physician offices and other alternate sites, such as medical clinics and other non-acute sites employing physicians.

Other data in the 2009 Physician Market Report includes:

• Health IT adoption and developments in coordinating patient care
• Physician and nurse shortages and issues
• Physician employment in hospitals

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Declining reimbursement, new healthcare delivery options, and the emergence of health information technology are having a noticeable impact on physician practices in the United States, according to HIDA's 2008 Physician Market Report.

Efforts by Medicare to cut physician reimbursement could reduce revenue for the average office-based physician by more than $13,500 a year. These risks to physician revenue are occurring even as other economic pressures change the physician market landscape.

The number of one-and-two doctor practices nationwide continues to erode. During an eight-year period, the share of small physician practices with one or two doctors dipped from roughly 59 percent to about 50 percent. As this shift took place, more doctors joined larger 6- to 50-physician practices or opted to leave office-based work and/or enter hospital practice. Such changes may affect physician office-distributor relationships and could change the profile of purchasing decision makers, according to HIDA.

Other data in the 2008 Physician Market Report includes:

Findings that adoption rates for electronic medical records hover at 28%

• Estimates that 1,500 retail clinics will emerge nationwide by the end of 2008
• Physician expenditures will slightly decrease as a share of total healthcare spending

Download the 2008 Physician Market Report Charts & Graphs.      

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Non-Member Price: $750

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Nearly two-thirds of physician practices expect to increase their spending on supplies in the next year, according to HIDA’s 2008 Physician Spend Survey.

More than 65 percent of surveyed doctors indicated they anticipate their supply purchases will go up in the coming year. Meanwhile, less than half (about 47%) of physicians said they plan expand spending on capital equipment.

These trends may reflect the more cyclical nature of physician spending on capital expenditures versus the necessary supplies doctors need each year for their practices, which can be affected by growth.

These findings and more are presented in HIDA's 2008 Physician Spend Survey, which also contains data on:

Spending by practice type

• Variability by practice size
• Different purchasing patterns among single-specialty and multi-specialty practices
• Health information technology spending and its impact

Researchers surveyed more than 400 physician practices for the report, which offers analytical insights and key charts and graphics that can be used to inform decision makers and others.

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Non-Member Price: $1,595

 

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