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Physicians & Medical Practices – Industry Analysis, Statistics, Trends, and Forecasts

SIC 8011  |  NAICS 621111

The following guide to industry research and analysis provides sources for industry statistics, trends, and forecasts, financial ratios, salary surveys, and more.

See the following sections listed below to view available resources by category:

For guides to other industries, see our index of over 400 industries.

Industry Analysis, Statistics, Trends, and Forecasts


Primary Care Doctors  (view report)   Specialist Doctors  (view report)
Physicians By Specialty  (view reports in "Health Services" and "Life Sciences" sections)
Comprehensive industry research reports provide in-depth industry analysis and five-year forecasts, with special focus on the underlying structure and external forces and relationships that affect industries and their performance. Topics addressed in the reports include:
Sample industry research report and selected industry statistics including market size, five-year average growth rate, number of businesses, and total employment are available free online.

MultiMedia Medical LLC
Medical Economics Magazine
https://www.medicaleconomics.com/

Professional trade publication provides news and information for the medical profession, with special reports including the annual "Physician Report" which provides average income data by primary care specialty (e.g., family medicine, internal medicine, pediatrics, OB/GYN), gender, community, practice ownership, practice type/employer, practice size, and region. Digital editions are available free online.


American Medical Association
Practice Management
https://www.ama-assn.org/

Practice management section addresses the various aspects of managing a physician practice, with topics covered including practice innovation strategies, reducing administrative burden, CPT, private practices, scope of practice, physician health, sustainability, digital health, HIPAA, claims processing, payment and delivery models, and Medicare and Medicaid. All information can be viewed free online.


American Academy of Family Physicians
Resources available from this organization include:

Facts About Family Medicine
https://www.aafp.org/
Data tables in this section provide a variety of information about AAFP members, with topics covered including demographic and practice characteristics, average number of patient encounters per week, physician income before taxes, patient health insurance coverage, Medicare and Medicaid coverage, clinical services performed, and hospital admission privileges. All information is available free online.

FPM Journal
https://www.aafp.org/
Family practice management journal features news and information for family physicians, with topics covered in various issues including billing and claims, ICD-10 coding, compensation and productivity, direct primary care, documentation guidelines, electronic health records, getting paid, office facilities, practice finances, and working with insurance companies. Selected articles are available free online.


BizMiner Market Analysis Reports
General & Specialty Physicians
https://www.bizminer.com  Search for "621111" to see available reports

Market analysis reports provide industry statistics for a user-defined area on a national, state, county, metro area, or zip code level, with data provided including number of companies, market volume and sales trends, average company sales, sales per employee, staffing and employment trends, average employee wage, and business start up activity and failure rates. Sample report can be viewed online.


More Resources
For more industry research reports and other resources, see the following resource guide.

Financial Statements and Financial Ratios


BizMiner Industry Financial Ratios
General & Specialty Physicians
https://www.bizminer.com  Search for "621111" to see available reports
Five-year financial statement analysis reports provide income statements, balance sheets, and key industry financial ratios for companies of all sizes, with financial data available by sales size range on a national, state, and metropolitan area level including:
Sample reports on a national and metropolitan area level are available free online.

American Medical Group Association
Operations and Finance Survey
https://www.amga.org/

Annual survey provides operational and financial performance benchmarks at multiple levels of detail for single-specialty and multi-specialty medical groups, with benchmarks provided for critical areas of performance (e.g., patient access, clinical staffing, revenue cycle metrics, operational overhead) and data filterable via the online survey portal by group type and size, specialty, region, and other criteria.


Medical Group Management Association
MGMA DataDive Cost and Revenue Data
https://www.mgma.com/

Comprehensive web-based platform provides cost and revenue performance benchmarks for single-specialty and multi-specialty medical groups, with benchmark data provided for charges and revenue, productivity, A/R, collections, staffing, and expenses, and data filterable by an extensive selection of criteria including organization ownership, group type, practice size, specialty, and geographic region.



Compensation and Salary Surveys


American Medical Group Association

Compensation and Productivity Survey
https://www.amga.org/

Annual AMGA survey provides detailed data on compensation and productivity for physicians, nurse practitioners, physician assistants, and other healthcare providers, starting salaries for residents and experienced hires, and salaries for executive and leadership positions, with online survey portal data filterable by group type and size, specialty, academic status, years of service, and geographic region.


Medical Group Management Association
MGMA DataDive Compensation Data
https://www.mgma.com/provider / management-and-staff

Comprehensive web-based platform features detailed compensation data for more than 200 provider specialties and more than 190 management and staff positions, with compensation data provided for both hospital-owned and physician-owned group practices and filterable by an extensive selection of criteria including organization ownership, group type, practice size, specialty, and geographic region.



BV Guides and Databases


BVR Guides and Books
BVR's Guide to Physician Practice Valuation
http://www.bvresources.com/

Comprehensive publication provides guidance and insights from 21 top healthcare valuation experts, with topics covered including choosing and using the right valuation methods for physician practices, determining reasonable physician compensation, and identifying and measuring personal goodwill in a physician practice. Sample excerpts including a detailed table of contents are available free online.


The Health Care Group
Goodwill Registry
http://www.thehealthcaregroup.com/goodwill-registry / individual-specialty-reports

The Goodwill Registry provides transaction data on actual goodwill values paid for medical practices. Each reported transaction provides information on practice location, valuation reason, practice price, gross revenue, overhead percentage, earnings, and goodwill value in dollars and as a percentage of gross revenue. Individual reports for over 40 specialty practices are also available in the online store.


BVMarketData
www.bvresources.com
Private company sales transaction data for over 900 industries.



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