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Doctors, Physicians, and Medical Practices
SIC 8011 / NAICS 621111
The following resource guide provides sources for industry information including
industry trends and statistics, financial ratios, salary surveys, and more.
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For resource guides specific to other industries, see
Industry Information Resources which covers
over 400 individual industries.
Physician Offices
http://www.firstresearch.com
Profiles cover key aspects of an industry's size, scope, and operations, recent
news and developments, industry trends, risks, and opportunities, and include
a five-year industry forecast. Profiles are updated quarterly and include:
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firstresearch.com/industry-profiles |
The Health Care Group
Forecast Archives Index
http://www.thehealthcaregroup.com/
Select "Products - Newsletters"
Publication offers an overview of key trends in areas such as physician recruiting
and contracting, health law, federal reimbursement rules, practice marketing,
and personnel management. Articles available free online.
General Practitioner and Family Doctors
http://www.ibisworld.com
Report provides in-depth analysis and a five-year industry forecast, with special
focus on the underlying structure and the external forces and interrelationships
that drive an industry. Report sections include:
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ibisworld.com/market-research |
Bureau of Labor Statistics, U.S. Department of Labor
Occupational Outlook Handbook - Physicians and Surgeons
http://www.bls.gov/oco/
Information provided includes a description of the nature of the work, number
and types of jobs, education and training, wages and earnings, employment outlook,
and sources for additional information. All information is free online.
BizMiner
Industry Market Statistics
Medical Doctor Offices and Clinics
http://www.bizminer.com Select "SIC Drilldown - Health & Social Services
- 8011"
Industry statistics include market volume, number of firms, annual sales and sales
trends, sales per employee, staffing and employment trends, business start up
activity and failure rates, and other business statistics and information on a
national, state, and metro area level.
More Industry Research and Analysis
For more industry research and analysis available from Standard & Poor's, IBISWorld,
Dun & Bradstreet, and other sources which cover a wide variety of industries,
see Industry Overview, Issues, Trends, and Outlook.
Medical Economics
Compensation, Expenses, Fees, and Productivity Surveys
http://www.memag.com/memag/ Select
"Surveys"
Compensation, expenses, fees, and productivity surveys, with data categorized
by specialty, geographic region, and other selected measures. Available free online.
American Academy of Family Physicians
Facts About Family Medicine
http://www.aafp.org/online/en/home/aboutus/specialty/facts.html
Data tables on physician and patient distribution, income, expenses, office visits,
hours worked, graduate programs, and specialties. Available free online.
American Medical Group Association
Medical Group Compensation & Financial Survey
https://commerce.amga.org/store/category.cfm?category_id=2
Survey data includes starting salaries by specialty; compensation/productivity
ratios; and comparative data from previous surveys, as well as providing analysis
by group size and geographic region. In the financial section, profiles are provided
per physician FTE, square footage, and work RVU. In addition to staffing profiles,
the financial data includes medians, capitation impact, accounts receivable analysis,
and department level analysis. A special section examines data specific to the
academic/faculty practice environment.
Medical Group Management Association
Physician Compensation and Production Survey
http://www5.mgma.com/ecom/ Select
"Survey Reports"
Includes compensation data for more than 100 physician specialties and 25 nonphysician
provider specialties with data categorized by specialty, rank, geographic region,
and other selected measures. Also includes various performance ratios illustrating
the relationship between compensation and production and comprehensive and summary
data tables that cover all specialties.
Medical Group Management Association
Cost Survey
http://www5.mgma.com/ecom/ Select
"Survey Reports"
Includes detailed data on staffing and operating costs, broken out per physician,
per provider, per patient, per square foot, as a percent of total medical revenue,
per total RVU, and per work RVU. Revenue performance data including accounts receivable,
charges, payer mix and procedural volume. Available in multi-specialty and single-specialty
practice versions.
Practice Support Resources, Inc.
Practice Management STATS Quick Reference
http://www.practicesupport.com/
select "Benchmarks/Surveys"
Annual survey provides practice benchmarks for charges, collections, accounts
receivable, expenses, compensation, and more for 12 physician specialties by region.
Includes CD with Excel spreadsheet for comparative analysis.
BizMiner
Industry Financial Analysis
Medical Doctor Offices and Clinics
http://www.bizminer.com Select "SIC Drilldown - Health & Social Services
- 8011"
Five-year comparative financial analysis includes income statements with expense
detail, balance sheets, and key business and financial ratios. Available in all
firms, small business, sole proprietor, and business start up versions.
Medical Economics
Compensation, Expenses, Fees, and Productivity Surveys
http://www.memag.com/memag/ Select
"Surveys"
Compensation, expenses, fees, and productivity surveys, with data categorized
by specialty, geographic region, and other selected measures. Available free online.
American Academy of Family Physicians
Facts About Family Medicine
http://www.aafp.org/online/en/home/aboutus/specialty/facts.html
Data tables on physician and patient distribution, income, expenses, office visits,
hours worked, graduate programs, and specialties. Available free online.
American Medical Group Association
Medical Group Compensation & Financial Survey
https://commerce.amga.org/store/category.cfm?category_id=2
Survey data includes starting salaries by specialty; compensation/productivity
ratios; and comparative data from previous surveys, as well as providing analysis
by group size and geographic region. In the financial section, profiles are provided
per physician FTE, square footage, and work RVU. In addition to staffing profiles,
the financial data includes medians, capitation impact, accounts receivable analysis,
and department level analysis. A special section examines data specific to the
academic/faculty practice environment.
American Medical Group Association
Medical Group Compensation & Financial Survey: Individual Specialty Data
https://commerce.amga.org/store/category.cfm?category_id=2
Data includes compensation data for individual specialties and administrative
positions based on total responses, size of group, and region; gross productivity
data based on total responses, size of group, and region; and compensation to
productivity ratios based of gross productivity and work RVUs.
Medical Group Management Association
Physician Compensation and Production Survey
http://www5.mgma.com/ecom/ Select
"Survey Reports"
Includes compensation data for more than 100 physician specialties and 25 nonphysician
provider specialties with data categorized by specialty, rank, geographic region,
and other selected measures. Also includes various performance ratios illustrating
the relationship between compensation and production and comprehensive and summary
data tables that cover all specialties.
Medical Group Management Association
Physician Placement Starting Salary Survey Report
http://www5.mgma.com/ecom/ Select
"Survey Reports"
Survey data includes starting-salary and benefits information by geographic region
and specialty, with additional information on signing bonuses, first year vacation,
and continuing medical education paid time off.
Medical Group Management Association
Management Compensation Survey
http://www5.mgma.com/ecom/ Select
"Survey Reports"
Includes compensation and benefit data for physician executives, management personnel,
specialists, and supervisors within a medical group practice environment. Data
are accessible by geographic area, size and type of practice, total medical revenue
and other selected measures.
The Health Care Group
Staff Salary Survey
http://www.thehealthcaregroup.com/
Select "Products - Annual Surveys"
Survey provides nationwide salary statistics for 37 key office positions organized
by position, years of service, and locale, and also provides data on benefits
and turnover rates.
The Health Care Group
Physician Starting Salary Survey
http://www.thehealthcaregroup.com/
Select "Products - Annual Surveys"
Survey reports three initial years of salary and incentive information categorized
by year, specialty, and location, and also includes information on co-ownership
provisions, benefits, and restrictive covenants.
Hospital & Healthcare Compensation Service
Physician Salary & Benefits Report
http://www.hhcsinc.com/hcsreports.htm
Covers salary and bonus data on 44 physician specialties, chief of staff/medical
director, interns and residents. Data reported according to: 9 regions, nationally,
bed-size, hospital-based, HMO, or group practice status.
Merrit Hawkins & Associates
Physician Salary, Compensation, and Practice Surveys
http://www.merritthawkins.com/compensation-surveys.aspx
Surveys cover subjects such as physician compensation and benefits, starting salaries,
practice characteristics, revenue generation, and other related topics. All surveys
are free online.
Sullivan Cotter and Associates, Inc.
Physician Compensation and Productivity Survey
http://www.sullivancotter.com/surveys/index.php
Survey provides total cash compensation (TCC) levels paid to physicians, PhDs,
mid-level providers, residents, and medical group executives in over 100 specialties,
plus in-depth productivity data including ratio of TCC to gross patient charges,
collections, and per wRVU.
Bureau of Labor Statistics, U.S. Department of Labor
Occupational Employment Statistics - Offices of Physicians
http://www.bls.gov/oes/current/naics4_621100.htm
Employment and hourly and annual wage estimates by industry and job position on
a national basis. All data is free online.
JobStar.Org Profession-Specific Salary Surveys
Healthcare
http://jobstar.org/tools/salary/sal-prof.php
Compensation surveys covering industry personnel. All data is free online.
More Compensation and Salary Data
For more compensation and salary survey data available from ERI Economic Research Institute, Salary.com, and
other sources covering a wide variety of industries, see Compensation
and Salary Surveys.
Back To Top
The Health Care Group
Goodwill Registry
http://www.thehealthcaregroup.com/
Select "Products - Annual Surveys"
The Goodwill Registry compiles transaction data on the intangible values of medical,
dental, and other health care practices. Each reported transaction includes location,
purpose, gross income, overhead percentage, and goodwill value in both dollars
and as a percentage of gross income. Individual specialty information is also
available for purchase online in "Products - Goodwill Registry Online" section.
Valuing Professional Practices and Licenses: A Guide for the Matrimonial Practitioner
Part C: Valuing Medical and Dental Practices
Ronald L. Brown (Editor), Aspen Publishers, supplemented annually
http://www.aspenpublishers.com/
Over 45 chapters focused on valuing legal, medical, architectural/engineering,
and accounting practices and professional degrees and licenses for divorce purposes.
Valuation of a Medical Practice
Tinsley, Sides, and Anderson, John Wiley & Sons, 1999
http://www.amazon.com/
Text addresses regulatory issues and other special issues which affect the valuation
of a medical practice with separate chapters on capitalization rates, valuation
methods, the site visit and owner interview, completing the valuation process,
and sample reports. Searchable text preview available free online.
Medical Practice Valuation Guidebook
Mark Dietrich, Windsor Professional Information, updated annually
http://www.cpa.net/resources/pubs.html
Comprehensive guidebook to medical practice valuation covers a wide range of topics
including understanding physician revenue and compensation, choosing and using
the right valuation methods, dealing with special situations and circumstances,
sample report, and more. Accompanying CD-ROM includes templates and spreadsheets.
Detailed table of contents available free online.
BVR's Guide to Healthcare Valuation
Valuing Physician Practices
Mark Dietrich, Business Valuation Resources, LLC, updated annually
http://www.bvresources.com/bvstore/book.asp?pid=PUB200
Several chapters address valuation issues and methods specific to medical practices.
Introduction and table of contents is available free online.
Assessing the Value of the Medical Practice
John P. Reiboldt, American Medical Association, 2004
http://www.amazon.com/
Topics covered include the valuation process, methods, and guidelines, managing
the appraiser-client relationship, regulatory issues in valuing health care entities,
and maximizing the value of a medical practice.
Medical Group Management Association
Buying, Selling & Merging a Medical Practice
Kenneth M. Hekman, FACMPE, McGraw-Hill, 1997
http://www5.mgma.com/ecom/ Select
"Smart Packs"
Collection of articles and papers addressing issues involved in buying, selling,
or merging a medical practice.
CCH Business Valuation Guide
Chapter 25 - Medical Practices
George B. Hawkins, Michael A. Paschall, CCH, annual
http://onlinestore.cch.com/default.asp?
Search for "business valuation guide"
Includes sections on valuation issues specific to family practice, internal medicine,
pediatrics, obstetrics and gynecology, occupational medicine, ophthalmology, anesthesiology,
nephrology, and urology practices.
The Handbook of Business Valuation
Chapter 24 - Valuing Medical Practices
Thomas L. West and Jeffrey D. Jones, John Wiley & Sons, 1999
http://www.amazon.com/
Includes rules of thumb and several chapters on specific industries, including
medical practices. Search for chapter title using Amazon.com's "Search Inside"
feature to preview chapter contents.
Small Business Valuation Formula Multiples
Medical Practices
http://valuationresources.com/Misc/ValuationMultiples.htm
Report provides small business valuation formula multiples for medical practices
and more than 190 other industries. Valuation multiples are derived from market
transactions as reported by BIZCOMPS®, with the primary focus on small companies
priced at less than $1 million.
BVMarketData
Pratt's Stats® Private Transaction Database
http://www.bvmarketdata.com/PSAdvSearch.asp
Free "Visitor Search" allows users to search over 14,500 private company sales transactions by SIC Code, NAICS
Code, or business description for comparable sales data. Data can be purchased as a single report or by subscription.
More Business Sales Transaction Data
For more business sales transaction data available from BIZCOMPS®, Done Deals, Public Stats™, and other sources
for a wide range of industries, see Business Valuation Multiples and
Merger & Acquisition Transaction Data.
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