+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

PRINTER FRIENDLY

U.S. Medical Peer/External Physician Review Services Market Research Report: By Provider - Global Industry Analysis and Growth Forecast to 2030

  • ID: 5128917
  • Report
  • May 2020
  • Region: Global, United States
  • 145 pages
  • Prescient & Strategic Intelligence Private Limited
1 of 4

FEATURED COMPANIES

  • Barnes & Thornburg LLP
  • ExamWorks LLC
  • Leichter Law Firm PC
  • MCMC LLC
  • Medex Analytic Services
  • NYCHSRO/MedReview Inc.
  • MORE
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.
Note: Product cover images may vary from those shown
2 of 4

FEATURED COMPANIES

  • Barnes & Thornburg LLP
  • ExamWorks LLC
  • Leichter Law Firm PC
  • MCMC LLC
  • Medex Analytic Services
  • NYCHSRO/MedReview Inc.
  • MORE
Chapter 1. Research Background
1.1 Research Objectives
1.2 Market Definition
1.3 Research Scope
1.3.1 Market Segmentation by Provider
1.3.2 Market Segmentation by State
1.3.3 Analysis Period
1.3.4 Market Data Reporting Unit
1.4 Key Stakeholders

Chapter 2. Research Methodology
2.1 Secondary Research
2.1.1 Paid
2.1.2 Unpaid
2.2 Primary Research
2.2.1 Breakdown of Primary Research Respondents
2.2.1.1 By method of information
2.2.1.2 By industry participant
2.2.1.3 By company
2.2.1.4 By designation
2.3 Baseline-Methodology
2.4 Market Size Estimation
2.5 Data Triangulation
2.6 Assumptions for the Study

Chapter 3. Executive Summary

Chapter 4. Introduction
4.1 Definition of Market Segments
4.1.1 By provider
4.1.1.1 Medical professional societies
4.1.1.2 Peer review organizations (PROs)
4.1.1.3 Medical universities and academic institutes
4.1.1.4 Certified physicians
4.1.1.5 Law and consulting firms/organizations
4.2 Market Dynamics
4.2.1 Trends
4.2.1.1 Increasing number of acquisitions
4.2.2 Drivers
4.2.2.1 Occurrence of medical negligence and malpractices
4.2.2.2 Structured guidelines for peer review services
4.2.2.3 Inclination toward external peer review subjected to lack of internal expertise
4.2.2.4 Increasing number of hospitals
4.2.2.5 High number of active physicians
4.2.2.6 Impact analysis of drivers on market forecast
4.2.3 Restraints
4.2.3.1 Inappropriate external peer review
4.2.3.2 High cost of external peer review services
4.2.3.3 Impact analysis of restraints on market forecast
4.2.4 Opportunities
4.2.4.1 Expanding healthcare industry and rising requirement of healthcare practitioners
4.2.4.2 Penetration in less developed U.S. states
4.3 Market Entry Strategies
4.4 Porter’s Five Forces Analysis
4.4.1 Bargaining Power of Buyers
4.4.2 Bargaining Power of Suppliers
4.4.3 Intensity of Rivalry
4.4.4 Threat of New Entrants
4.4.5 Threat of Substitutes
4.5 Major Hospitals (Customers)

Chapter 5. Market Size and Forecast
5.1 Overview
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
6.2.1 Acquisitions
6.2.2 Others

Chapter 7. Company Profiles
7.1 The Greeley Company LLC
7.1.1 Business Overview
7.1.2 Product and Service Offerings
7.2 AllMed Healthcare Management Inc.
7.2.1 Business Overview
7.2.2 Product and Service Offerings
7.3 ExamWorks LLC
7.3.1 Business Overview
7.3.2 Product and Service Offerings
7.4 MDReview
7.4.1 Business Overview
7.4.2 Product and Service Offerings
7.5 Insight Service Group (ISG)
7.5.1 Business Overview
7.5.2 Product and Service Offerings
7.6 ProPeer Resources Inc.
7.6.1 Business Overview
7.6.2 Product and Service Offerings
7.7 Medical Equation
7.7.1 Business Overview
7.7.2 Product and Service Offerings
7.8 Concentra Inc.
7.8.1 Business Overview
7.8.2 Product and Service Offerings
7.9 National Medical Reviews Inc.
7.9.1 Business Overview
7.9.2 Product and Service Offerings
7.10 Medex Analytic Services
7.10.1 Business Overview
7.10.2 Product and Service Offerings
7.11 Mitchell International Inc.
7.11.1 Business Overview
7.11.2 Product and Service Offerings
7.12 The Medical Resource Network Inc.
7.12.1 Business Overview
7.12.2 Product and Service Offerings
7.13 Barnes & Thornburg LLP
7.13.1 Business Overview
7.13.2 Product and Service Offerings
7.14 Rising Medical Solutions LLC
7.14.1 Business Overview
7.14.2 Product and Service Offerings
7.15 Epstein Becker & Green P.C.
7.15.1 Business Overview
7.15.2 Product and Service Offerings
7.16 South Florida Utilization Review
7.16.1 Business Overview
7.16.2 Product and Service Offerings
7.17 The Health Law Firm P.A.
7.17.1 Business Overview
7.17.2 Product and Service Offerings
7.18 NorthGauge Healthcare Advisors
7.18.1 Business Overview
7.18.2 Product and Service Offerings
7.19 Leichter Law Firm PC
7.19.1 Business Overview
7.19.2 Product and Service Offerings
7.20 KANE RUSSELL COLEMAN LOGAN PC
7.20.1 Business Overview
7.20.2 Product and Service Offerings
7.21 MAXIMUS Inc.
7.21.1 Business Overview
7.21.2 Product and Service Offerings
7.21.3 Key Financial Summary
7.22 MCMC LLC
7.22.1 Business Overview
7.22.2 Product and Service Offerings
7.23 HHC Group
7.23.1 Business Overview
7.23.2 Product and Service Offerings
7.24 NYCHSRO/MedReview Inc.
7.24.1 Business Overview
7.24.2 Product and Service Offerings
7.25 Keystone Peer Review Organization (KEPRO) Inc.
7.25.1 Business Overview
7.25.2 Product and Service Offerings

Chapter 8. Appendix
8.1 Abbreviations
8.2 Sources and References
8.3 Related Reports

List of Tables

TABLE 1 ANALYSIS PERIOD OF THE STUDY
TABLE 2 MEDICAL MALPRACTICE PAYMENTS IN U.S. MAJOR STATES (2009-2018)
TABLE 3 NUMBER OF HOSPITALS IN U.S. MAJOR STATES (2016 & 2019)
TABLE 4 NUMBER OF PHYSICIANS IN U.S. MAJOR STATES (2018)
TABLE 5 DRIVERS FOR THE MARKET: IMPACT ANALYSIS
TABLE 6 RESTRAINTS FOR THE MARKET: IMPACT ANALYSIS
TABLE 7 LIST OF MAJOR HOSPITALS IN THE U.S.
TABLE 8 U.S. MEDICAL PEER/EXTERNAL PHYSICIAN REVIEW SERVICES MARKET, BY PROVIDER, $M (2014-2019)
TABLE 9 U.S. MEDICAL PEER/EXTERNAL PHYSICIAN REVIEW SERVICES MARKET, BY PROVIDER, $M (2020-2030)
TABLE 10 U.S. MEDICAL PEER/EXTERNAL PHYSICIAN REVIEW SERVICES MARKET, BY STATE, $M (2014-2019)
TABLE 11 U.S. MEDICAL PEER/EXTERNAL PHYSICIAN REVIEW SERVICES MARKET, BY STATE, $M (2020-2030)
TABLE 12 LIST OF MAJOR PLAYERS IN THE U.S.
TABLE 13 THE GREELEY COMPANY LLC - AT A GLANCE
TABLE 14 ALLMED HEALTHCARE MANAGEMENT INC. - AT A GLANCE
TABLE 15 EXAMWORKS LLC - AT A GLANCE
TABLE 16 MDREVIEW - AT A GLANCE
TABLE 17 ISG - AT A GLANCE
TABLE 18 PROPEER RESOURCES INC. - AT A GLANCE
TABLE 19 MEDICAL EQUATION - AT A GLANCE
TABLE 20 CONCENTRA INC. - AT A GLANCE
TABLE 21 NATIONAL MEDICAL REVIEWS, INC.- AT A GLANCE
TABLE 22 MEDEX ANALYTIC SERVICES - AT A GLANCE
TABLE 23 MITCHELL INTERNATIONAL INC. - AT A GLANCE
TABLE 24 THE MEDICAL RESOURCE NETWORK INC. - AT A GLANCE
TABLE 25 BARNES & THORNBURG LLP - AT A GLANCE
TABLE 26 RISING MEDICAL SOLUTIONS LLC - AT A GLANCE
TABLE 27 EPSTEIN BECKER & GREEN P.C. - AT A GLANCE
TABLE 28 SOUTH FLORIDA UTILIZATION REVIEW - AT A GLANCE
TABLE 29 THE HEALTH LAW FIRM P.A. - AT A GLANCE
TABLE 30 NORTHGAUGE HEALTHCARE ADVISORS - AT A GLANCE
TABLE 31 LEICHTER LAW FIRM PC - AT A GLANCE
TABLE 32 KANE RUSSELL COLEMAN LOGAN PC - AT A GLANCE
TABLE 33 MAXIMUS INC. - AT A GLANCE
TABLE 34 MAXIMUS INC. - KEY FINANCIAL SUMMARY
TABLE 35 MCMC LLC - AT A GLANCE
TABLE 36 HHC GROUP. - AT A GLANCE
TABLE 37 NYCHSRO/MEDREVIEW INC.- AT A GLANCE
TABLE 38 KEPRO INC. - AT A GLANCE

List of Figures

FIG 1 RESEARCH SCOPE
FIG 2 RESEARCH METHODOLOGY
FIG 3 BREAKDOWN OF SECONDARY AND PRIMARY RESEARCH
FIG 4 BREAKDOWN OF PRIMARY RESEARCH BY METHOD OF INFORMATION
FIG 5 BREAKDOWN OF PRIMARY RESEARCH BY INDUSTRY PARTICIPANT
FIG 6 BREAKDOWN OF PRIMARY RESEARCH BY COMPANY
FIG 7 BREAKDOWN OF PRIMARY RESEARCH BY DESIGNATION
FIG 8 DATA TRIANGULATION APPROACH
FIG 9 BARGAINING POWER OF BUYERS
FIG 10 INTENSITY OF RIVALRY
FIG 11 THREAT OF NEW ENTRANTS
FIG 12 U.S. MEDICAL PEER/EXTERNAL PHYSICIAN REVIEW SERVICES MARKET, BY PROVIDER, $M (2014-2030)
FIG 13 U.S. MEDICAL PEER/EXTERNAL PHYSICIAN REVIEW SERVICES MARKET, BY STATE, $M (2014-2030)
FIG 14 MAXIMUS INC. - REVENUE SPLIT BY SEGMENT (2019)
Note: Product cover images may vary from those shown
3 of 4
  • The Greeley Company LLC
  • AllMed Healthcare Management Inc.
  • ExamWorks LLC
  • MDReview
  • 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.
Note: Product cover images may vary from those shown
4 of 4

Loading
LOADING...

Adroll
adroll