“Accenture research shows that independent physicians continue to dwindle and that those remaining will turn to subscription-based models to sustain profits and improve care.”
This report looks at trends in physician practices. Highlights to note:
- Independent physicians have dropped from 57 percent in 2000 to 39 percent in 2012. By the end of 2013, Accenture estimates the market will comprise of only 36 percent of independent physicians.
- 1 in 3 physicians seeking to transform to subscription-based care.
- There is a wide range of subscription- based models. The associated costs range, too. According to Accenture’s research, the most common include high-end concierge medicine and direct pay models. Subscription-based practices charge anywhere from $60 to $30,000 per year, with costs varying according to the population served
- Business operations are one of the main reasons why 61 percent of physicians have decided to seek employment, with cost and expense of running a business indicated as the chief concern for 87 percent of those independent doctors surveyed.