{"product_id":"the-2023-hida-physician-office-market-report","title":"The 2023 HIDA Physician Office Market Report","description":"\u003cp\u003eThe 2023 HIDA Physician Office Market Report\u003c\/p\u003e\n\n\u003cp\u003eExecutive Summary\u003c\/p\u003e\n\n\u003cp\u003eMarket At-A-Glance\u003c\/p\u003e\n\n\u003cp\u003eThe physician and clinical services market is projected to reach $1.2 trillion by 2028. In 2023, spending on physician services represents 20.3% of all U.S. healthcare spending. Private health insurance remains the largest payer for physician services at 39% of the payer mix.\u003c\/p\u003e\n\n\n\n\u003cp\u003eThe market is dispersed, with an estimated 340,000 specialty physician offices and 175,000 primary care offices across the U.S.\u003c\/p\u003e\n\n\n\n\u003cp\u003eProvider Shortage Increases As Physicians Change Jobs Due To Burnout\u003c\/p\u003e\n\n\u003cp\u003eNearly half of physicians changed jobs between 2020 and 2022, 40% due to burnout. By 2023, the U.S. is estimated to have a physician shortage between 38,000 and 124,000 physicians. The top motivators for physician employment change includes better work\/life balance, compensation, and schedule flexibility. Almost 70% of surveyed physicians recommend employers increase support staff and reduce patient volumes to address physician burnout.\u003c\/p\u003e\n\n\n\n\u003cp\u003ePhysician Visits Continue To Exceed Pre-Pandemic Levels\u003c\/p\u003e\n\n\u003cp\u003eCompared to 2022, physician office visits are expected to decline 2.1% in 2023 to an estimated 900 million visits before resuming growth through 2029. Staffing shortages, patient hesitancy post-pandemic, and patient visits to retail clinics and urgent care centers are contributing factors to the decrease in patient visits. Despite practice consolidation, over 65% of office visits are to practices with five or fewer physicians, 44% of visits are with solo practitioners.\u003c\/p\u003e\n\n\n\n\u003cp\u003eTelehealth And Artificial Intelligence Are Leading The Future Of Care Delivery\u003c\/p\u003e\n\n\u003cp\u003eEighty percent of physicians report using telehealth in 2022 compared to 28% pre-pandemic. The adoption of other popular digital tools include remote patient monitoring (RPM) and wearable technologies that support clinical decisions, patient engagement, and workflow enhancement.\u003c\/p\u003e\n\n\n\n\u003cp\u003eForty percent of physicians report plans to incorporate artificial intelligence (AI) into their practices by 2028. The estimated global AI healthcare market is projected to grow from $15 billion in 2023 to $103 billion by 2028.\u003c\/p\u003e \n\n\n\n\u003cp\u003eRetail Health Clinics Expand Offerings To Include Mental Health Services\u003c\/p\u003e\n\n\u003cp\u003eThe U.S. retail health clinic market is projected to double to $4.22 billion by 2029. Retail health clinics have expanded their networks by offering mental health services in addition to preventative and wellness care. Two-thirds of healthcare consumers have a favorable view of retail health clinics post-pandemic.\u003c\/p\u003e","brand":"Life Science","offers":[{"title":"July, 2023 \/ - \/ MCW16241848","offer_id":47658031677746,"sku":null,"price":3000.0,"currency_code":"USD","in_stock":true}],"url":"https:\/\/www.hardmanwell.com\/products\/the-2023-hida-physician-office-market-report","provider":"HARDMAN AND WELL MANAGEMENT CONSULTANCIES L.L.C","version":"1.0","type":"link"}