Navigation Links
Healthcare Consultants in the US Industry Market Research Report from IBISWorld Has Been Updated

New York, NY (PRWEB) September 13, 2014

Healthcare employers, hospitals, insurance companies, pharmaceutical developers and medical device manufacturers turn to operators in the Healthcare Consultants industry to improve operating efficiencies and manage risk. “Over the past five years, demand for healthcare consultants has increased due to technological advances in the healthcare sector and the changing regulatory environment,” according to IBISWorld Industry Analyst Jocelyn Phillips. Moreover, the 2010 Patient Protection and Affordable Care Act (PPACA) expanded access to healthcare to millions of Americans, driving growth in the overall healthcare sector and stimulating demand for consulting accordingly. However, budgets remained tight for many industry customers due to the lingering effects of the recession. As a result, industry revenue is expected to grow just 3.2% per year on average during the five years to 2014, to reach $10.8 billion.

In the aftermath of the recession, many healthcare companies availed themselves of industry services for advice on improving efficiencies, raising market share and increasing margins. “In recent years, companies have used healthcare consultants more frequently as corporate profit has improved and companies have had more available funding for consultancy services,” says Phillips. As corporate profit increases 5.0% in 2014, industry revenue is expected to increase 3.8%. With growing demand, industry operators have been able to charge higher fees, particularly for specialized or technical services. Coupled with overall higher demand due to the PPACA, this trend has boosted industry profitability in recent years and is expected to continue to do so during the next five years, when revenue is expected to grow 5.5% per year on average to $14.2 billion in 2019.

The industry's relatively high profit margin has enticed entrants in recent years. The number of specialty independent practices has declined moderately during the past five years, as general consulting firms have acquired these companies to gain entrance into niche markets. Despite this trend, the total number of companies is expected to increase during the five years to 2014. Expansion is expected to slow during the five years to 2019, as larger players continue their aggressive expansion campaigns to garner more market share.

For more information, visit IBISWorld’s Healthcare Consultants in the US industry report page.

Follow IBISWorld on Twitter:!/IBISWorld
Friend IBISWorld on Facebook:

IBISWorld industry Report Key Topics

This industry provides specialist advice to businesses involved in healthcare fields, such as hospitals, physicians, pharmaceutical companies and insurance providers. These services include advice related to financial management, human resources, information technology and other operations.

Industry Performance
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
Products & Markets
Supply Chain
Products & Services
Major Markets
Globalization & Trade
Business Locations
Competitive Landscape
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry
Major Companies
Operating Conditions
Capital Intensity
Key Statistics
Industry Data
Annual Change
Key Ratios

About IBISWorld Inc.
Recognized as the nation’s most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on every US industry. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. Headquartered in Los Angeles, IBISWorld serves a range of business, professional service and government organizations through more than 10 locations worldwide. For more information, visit or call 1-800-330-3772.

Read the full story at

Source: PRWeb
Copyright©2014 Vocus, Inc.
All rights reserved

Related medicine news :

1. INTEGRATED Healthcare Strategies Publishes Its 2014 National Healthcare Leadership Compensation Survey
2. Profit By RPO, India's #1 Recruitment Process Outsourcing Company, Announced a 20% Discount to its Medical Healthcare Staffing Services
3. Global Healthcare Stakeholders to Gather in Austin for ‘Regulatory Convergence’
4. The Smarter Multi-Entity Healthcare Accounting Solution—Trustantial Webcast
5. Healthcare workers wash hands more often when in presence of peers
6. Founders Announce Launch of The Plantrician Project as Key Sustainable Healthcare Solution
7. Apple’s New Health Products are Major Disruptive Innovations in Healthcare According to the American Telemedicine Association
8. Introduction of RFID Blood Monitoring Systems in Healthcare Industry: Transparency Market Research
9. AmerisourceBergen Ad Campaign Helps Define Healthcare Delivery
10. Nationally Recognized Healthcare Marketer Dan Dunlop to Share Groundbreaking Social Media Advice at AMA Tampa Bay Event on Sept. 25
11. Home Healthcare Market By Product (Therapeutic, Diagnostic Equipment, Mobility Assist, Diabetes Monitor), By Service Is Expected To Reach USD 355.3 Billion By 2020
Post Your Comments:
(Date:3/30/2020)... , ... March 30, 2020 , ... ... and prospective patients, continuing its commitment to provide comprehensive and compassionate mental health ... can use Achieve Medical Center’s UpDox platform for telemedicine services including initial consultations, ...
(Date:3/28/2020)... ... March 27, 2020 , ... ... the public from the spread of the coronavirus. Operating under the designation as ... forward with infrastructure renewal and environmental protection projects in the downstate New York ...
(Date:3/28/2020)... ... March 28, 2020 , ... Confluent Health ... a physical therapist-owned rehabilitation company since 1985 specializing in the treatment of orthopedic, ... we started more than 30 years ago, we have been committed to providing ...
(Date:3/27/2020)... ... ... During a time of global distress and concern about the impact of COVID-19, T1 ... Education and Support Fund in an effort to assist hospitality workers whose jobs have ... working people in the food service , hotel and other major industries ...
(Date:3/22/2020)... ... March 22, 2020 , ... “At a time when the public is being ... Health Insurance Solutions’ First Stop Health Telemedicine program is a valuable resource ... Health Telemedicine program, is a valuable tool that can help Americans in their fight ...
Breaking Medicine News(10 mins):
(Date:3/20/2020)... (PRWEB) , ... March 20, 2020 , ... Today, in ... statewide to address the COVID-19 public health emergency, Mercy Medical Center sought ... to construct a new 32-bed acute care unit on the 17th floor of the ...
(Date:3/20/2020)... Calif. (PRWEB) , ... March 21, 2020 , ... On ... Health Screening Trailer Triage at Adventist Health Simi Valley. The ramp and platforms helped ... is considered to be an essential service as we install ramps that provide access ...
(Date:3/19/2020)... ... March 19, 2020 , ... Combining multiple food ... single food immunotherapy, according to research scheduled for presentation at the 2020 American ... due to the situation with coronavirus disease 2019 (COVID-19). , A retrospective ...
Breaking Medicine Technology: