Practice Management 2.0

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Practice Management is back!
 
U.S. healthcare is under unprecedented pressure to support and keep pace with growing industry demands, and the resurgence of Practice Management is a prime example of how our healthcare system is responding to changing demographic, social, and administrative forces. Renewed interest in Practice Management can be attributed to a host of factors, including the much needed assistance managing organizational burdens due to government regulation, changes in physician workplace attitudes and lifestyle preferences, and consumer desire for an improved healthcare experience.

Specialty practices, such as dermatology, have seen a surge in market activity with ties to the aging population. As of 2014, 42% of dermatology patients were over the age of 60, a trend that will continue to increase until 2030. A large portion of the potential dermatology practice success in this age demographic deals with skin cancer with one in five Americans now poised to develop skin cancer in their lifetimes. This growth has sparked a preventive and vigilant mentality amongst aging individuals, and as a result, the U.S. market for skin disease treatment totaled $7.5 billion in 2015, and is expected to reach $8.6 billion by 2020.
 
This Industry Perspective examines the revival of market enthusiasm for practice management companies and specialty physician practices – creating opportunities for physicians, patients, and investors in the coming years. TripleTree takes a fresh look at why practice management is more relevant than ever and highlights three specific specialties at various maturity levels: Dental, Dermatology and Fertility. After highlighting the market forces and unique characteristics of these three specialties, this report will also provide TripleTree’s perspective on some of the unique considerations required to successfully invest in a practice management strategy.
 
TripleTree is an independent merchant bank focused on mergers and acquisitions, financial restructuring, and principal investing services. Since 1997, the firm has advised and invested in some of the most innovative, high-growth businesses in healthcare.





 

Today’s realities are that managing a practice is more complicated than ever, that more physicians are attracted to the prospect of practicing in a large group setting, and that practice management companies offer a legitimate and financially attractive alternative to independent practice, while providing the opportunity for returns to external investors as well.

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