Practice Management
Offering cost savings vs higher-acuity settings and getting patients in and out the door quickly are primarily responsible for the ongoing rapid growth of the urgent care market, according to a new market report from Transparency Market Research (TMR). “The service time…[is] better than in an emergency department. Additionally, the fee per visit paid by a patient, whether with health insurance or not, in urgent care centers is much lower than the fee paid in …
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Wall Street analysts have predicted that Optum would add 25 to 30 urgent care centers per year through acquisition and startups, but on a recent call with analysts the company predicted it would grow at a quicker pace on its way to operating clinics in 75 markets. A key step in that strategy, as we reported, was buying MedExpress for the urgent care centers it operates in 14 states. Optum still says those locations will …
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Add Transparency Market Research to the growing list of research organizations that see major growth continuing in the global urgent care market. Using 2013’s figure of $23.5 billion as a baseline, the report projects 30% growth by 2020—making for a market value of $30.5. Urgent Care Centers Market—Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014–2020 cites the growing ranks of senior citizens and concerns over finding cost-effective care, combined with traditional urgent care …
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