DUBLIN, Sept. 16, 2020 /PRNewswire/ -- The "U.S. Medical Peer/External Physician Review Services Market Research Report: By Provider - Global Industry Analysis and Growth Forecast to 2030" report has been added to ResearchAndMarkets.com's offering.
The increasing incidence of medical malpractices and negligence in the U.S. over the last few years has led to the creation of strict guidelines for medical review process in the country. Moreover, there has been a huge rise in the number of healthcare centres and physicians in the country having limited expertise in conducting reviews, in the past years. Due to these factors, the requirement of medical peer/external physician review services has increased massively in the U.S. and this demand is also expected to shoot-up in the coming years.
The presence of clear guidelines regarding external physician/ medical peer review services in the U.S. is another major factor boosting the adoption of these services in the country. In addition to this, medical peer review procedures have numerous advantages such as the ability to enhance member satisfaction and safety and quality of patient care and reduce the risk of medical errors and consequent negative healthcare outcomes, owing to which, they are being increasingly adopted in the healthcare industry of the U.S.
Due to the above-mentioned factors, the U.S. medical peer/external physician review services market is predicted to exhibit substantial growth during the forecast period (2020 - 2030). Medical peer review and external physician review services are mainly provided by the medical universities and academic institutes, certified physicians, medical professional societies, peer review organizations (PROs), and law and consulting firms/organizations. Out of these service providers, the law and consulting organizations are expected to provide the maximum number of external physician/medical peer review services in the U.S. during the forecast period.
The guidelines regarding the medical peer/external physician review service procedures in the U.S. clearly state that the person or the organization conducting the feedback and review process must posses excellent interpersonal and communication skills, medical knowledge, professionalism, adequate knowledge of system-based practices, and good patient care skills. The major authorities/organizations setting these rules are the American Academy of Family Physicians (AAFP), American Council for Graduate Medical Education (ACGME), Joint Commission on Accreditation of Healthcare Organizations (JCAHO), American Board of Medical Specialties (ABMS), and the American Medical Association (AMA).
One of the major trends currently being observed in the U.S. medical peer/external physician review services market is the surging number of acquisitions amongst the various medical peer review service providing companies all around the world. These acquisitions are mainly being done by the companies in order to expand their product and service portfolio across the world and subsequently increase their revenue. For instance, Concentra Inc. completed the acquisition of the Riverview and Arrowood Medical Centers in Rock Hill, South Carolina, and Charlotte, North Carolina in January 2020, in order to expand its clientele.
Therefore, it can be concluded that the popularity of medical peer/external physician review services will skyrocket throughout the U.S. in the upcoming years, mainly because of the rising prevalence of medical malpractices in the country.
Key Topics Covered:
Chapter 1. Research Background
Chapter 2. Research Methodology
Chapter 3. Executive Summary
Chapter 4. Introduction
4.1 Definition of Market Segments
4.1.1 By provider
220.127.116.11 Medical professional societies
18.104.22.168 Peer review organizations (PROs)
22.214.171.124 Medical universities and academic institutes
126.96.36.199 Certified physicians
188.8.131.52 Law and consulting firms/organizations
4.2 Market Dynamics
184.108.40.206 Increasing number of acquisitions
220.127.116.11 Occurrence of medical negligence and malpractices
18.104.22.168 Structured guidelines for peer review services
22.214.171.124 Inclination toward external peer review subjected to lack of internal expertise
126.96.36.199 Increasing number of hospitals
188.8.131.52 High number of active physicians
184.108.40.206 Impact analysis of drivers on market forecast
220.127.116.11 Inappropriate external peer review
18.104.22.168 High cost of external peer review services
22.214.171.124 Impact analysis of restraints on market forecast
126.96.36.199 Expanding healthcare industry and rising requirement of healthcare practitioners
188.8.131.52 Penetration in less developed U.S. states
4.3 Market Entry Strategies
4.4 Porter's Five Forces Analysis
4.5 Major Hospitals (Customers)
Chapter 5. Market Size and Forecast
5.2 By Service Provider
5.3 By State
Chapter 6. Company Landscape
6.1 List of Major Players and their Impact on Market
6.2 Strategic Developments
Chapter 7. Company Profiles
- The Greeley Company LLC
- AllMed Healthcare Management Inc.
- ExamWorks LLC
- Insight Service Group (ISG)
- ProPeer Resources Inc.
- Medical Equation
- Concentra Inc.
- National Medical Reviews Inc.
- Medex Analytic Services
- Mitchell International Inc.
- The Medical Resource Network Inc.
- Barnes & Thornburg LLP
- Rising Medical Solutions LLC
- Epstein Becker & Green P.C.
- South Florida Utilization Review
- The Health Law Firm P.A.
- NorthGauge Healthcare Advisors
- Leichter Law Firm PC
- KANE RUSSELL COLEMAN LOGAN PC
- MAXIMUS Inc.
- MCMC LLC
- HHC Group
- NYCHSRO/MedReview Inc.
- Keystone Peer Review Organization (KEPRO) Inc.
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