2020 Physician Office Market Report
2020 was a difficult year for physician offices as patients put off routine office visits due to COVID-19 and offices experienced extreme revenue losses. The 2020 Physician Office Market Report analyzes major market trends impacting the industry including COVID-19, physician employment trends and reimbursement trends.
- Primary care practices are expected to lose $15 billion due to the pandemic
- 43% of physician offices reduced staff and 72% of physicians had income reductions during the first several months of COVID-19
- By 2033 a shortfall of 54,100 to 139,000 physicians is expected