The U.S. medical peer/external physician review services market will grow significantly by the end of this decade. The key reasons behind the increasing requirement for such services are the snowballing existence of medical negligence and malpractice, presence of structured peer review guidelines, increasing count of hospitals and active doctors, and lack of internal proficiency to execute the procedure.
In this sort of a review, the medical conduct of a healthcare center or a physician is examined by an external doctor, in case allegations of negligence or malpractice are made by a patient.
Currently, the major trend is the acquisition of corporations offering this kind of services by one another.
The main goal of such moves is the growth of the service portfolio and revenue increment. For example, in January 2020, Concentra Inc. took over the Riverview and Arrowood Medical Centers in Rock Hill, South Carolina, and Charlotte to increase their client base.
A rewarding prospect for the industry is the rising healthcare industry in the nation. With the continuous increase in the populace, particularly of the elderly and the people covered under numerous insurance plans, the requirement for healthcare services is on the rise.
For example, the Bureau of Labor Statistics reports that by 2026, more than 91,400 physicians would be needed to cater to the increasing population of patients in the country.
Therefore, as the doctor count rises, for meeting the rising medical services requirement of the thriving populace, the count of entities and people conducting review services will also increase in the U.S. in the future.
It is for the increase in the number of hospitals in the U.S., the requirement for medical peer/external physician review services is on the rise. This demand will only grow in the years to come.
No comments:
Post a Comment