{"product_id":"physician-office-reprot-2022","title":"Physician Office Reprot 2022","description":"\u003cp\u003ePhysician Office Reprot 2022\u003c\/p\u003e\n\n\n\n\u003cp\u003eMarket At-A-Glance\u003c\/p\u003e\n\n\u003cp\u003eThe physician and clinical services market is projected to reach $1.4 trillion by 2030. In 2022, spending on physician services is 20.1% of all U.S. healthcare spending. Private health insurance is the largest payer\u003c\/p\u003e\n\n\u003cp\u003efor physician services at 38% of the payer mix.\u003c\/p\u003e\n\n\n\n\u003cp\u003eThe industry remains dominated by specialty care. In 2022, there is an estimated 300,000 specialty physician offices and 150,000 primary care offices.\u003c\/p\u003e\n\n\n\n\u003cp\u003ePrimary Care Provider Shortage Worsened By Wage Gap\u003c\/p\u003e\n\n\u003cp\u003ePrimary care physicians (PCP) earn 42% less than specialists, a contributor to the primary care provider shortage. In 2022, only 46% of practicing physicians are primary care physicians. PCP turnover leads to roughly $979 million in additional healthcare expenditures for public and private payers each year.\u003c\/p\u003e\n\n\n\n\u003cp\u003eIn 2022, nurse practitioners (NP) and physician assistants (PA) have full practice authority in 26 states, the District of Columbia, and two U.S. territories. By 2026, the NP profession is projected to grow by 36%. NPs and PAs with full practice authority could reduce the primary care provider shortage by 70%.\u003c\/p\u003e\n\n\n\n\u003cp\u003ePhysician Visit Levels Increase Following Pandemic Decline\u003c\/p\u003e\n\n\u003cp\u003eNearly 55% of physician offices in 2022 reported exceeding their patient visit volumes of 2021. In 2022, patient visits have rose to one billion from 900 million in 2021. The overall percentage of patient visits declined in 2020 due to the pandemic and have since rose roughly 10%, with the projection to continue to increase in 2023.\u003c\/p\u003e\n\n\n\n\u003cp\u003eVirtual And In-Person Hybrid Model Expands Physician Services\u003c\/p\u003e\n\n\u003cp\u003eSixty-three percent of physicians who used telehealth during the COVID-19 pandemic plan to move forward with both virtual and in-person visits in 2022. Patient expectations and regulatory requirements are fueling technology and physician office upgrades. Telehealth continues to play an essential role, with many  providers planning to move forward with a hybrid use of virtual and in-person visits a well as remote patient monitoring (RPM) to reach more patients and achieve health equity.\u003c\/p\u003e\n\n\n\n\u003cp\u003eData Information Sharing Mandate Goes Into Effect October 2022\u003c\/p\u003e\n\n\u003cp\u003eOnly 36% of office-based physicians can access patient data from other institutions. On October 6, 2022 the Office of the National Coordinator for Health Information Technology (ONC) Interoperability Rule went into effect requiring healthcare providers to share all electronic health information for patients to easily share medical histories with other providers. Providers failing to comply may not be able to participate in Medicare or face financial penalties.\u003c\/p\u003e","brand":"Life Science","offers":[{"title":"November, 2022 \/ 24 Pages \/ MCW16238796","offer_id":47653792284978,"sku":null,"price":3000.0,"currency_code":"USD","in_stock":true}],"url":"https:\/\/www.hardmanwell.com\/products\/physician-office-reprot-2022","provider":"HARDMAN AND WELL MANAGEMENT CONSULTANCIES L.L.C","version":"1.0","type":"link"}