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2021 Insights on the Physician Office Industry - COVID-19 Pandemic Dramatically Increased Telehealth Visits

·2-min read

Dublin, May 11, 2021 (GLOBE NEWSWIRE) -- The "2020 Physician Office Market Report" report has been added to ResearchAndMarkets.com's offering.

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

Who Should Buy This Report

  • Healthcare investors

  • Health systems

  • Healthcare distributors

  • Healthcare manufactures

  • Group Purchasing Organizations

  • Government Health Agencies

  • State Health Agencies

  • Healthcare Providers

Key Topics Covered:

  • Executive Summary

  • Physician Office Market Overview

  • Physician Offices Experience Large Volume And Revenue Declines Due To COVID-19

  • Majority Of Physicians Are Employed By A Hospital Or Health Group

  • Specialists Outnumber And Out Earn Primary Care Physicians

  • Physician Offices Receive $8.5 Billion In Loans In COVID-19 Relief

  • Pandemic Dramatically Increases Telehealth Visits

  • Top 50 Medical Group Companies

  • Practices Reduce Staff To Offset COVID-19 Revenue Losses

  • Paperwork, Financial Concerns, And COVID-19 Contribute To Physician Burnout

  • Physician Shortages Projected To Increase

  • Physician Assistants And Nurse Practitioners Help With Physician Shortages

  • Fewer Physicians Expect To Participate In Incentive- Based Payment Models In 2020

  • MIPS Participation Decreases While APM Participation Increases

  • 97% Of Physicians Under MIPS Receive Positive Payment Adjustment

  • MIPS Rewards Quality With Payment Adjustments

  • 2020 MIPS Changes Expected To Lead To Increased Incentives

  • Comprehensive Primary Care Plus Model Launch Delayed To 2021

  • Electronic Health Records Implementation Increases Among Physician Offices

  • Number Of Urgent Care Clinics Continues To Grow

  • After Initial Declines, Urgent Care Volumes And Revenues Increase During COVID-19

  • Community Health Centers Provide Healthcare To Lower Income, Uninsured Populations

  • GHX Reports $6.8 Billion In Physician Office Sales Through Distribution In 2019

For more information about this report visit https://www.researchandmarkets.com/r/7psoin

CONTACT: 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