Anesthesiologists Industry Profile

View Full Sample Add To Cart

Excerpt from Anesthesiologists Industry Profile

Companies in this industry engage in the medical practice of relieving pain and providing care for patients before, during, and after surgery. Major anesthesia practice groups include American Anesthesiology (a subsidiary of MEDNAX), Sheridan Healthcare (part of Envision Healthcare), and North American Partners in Anesthesia.

Top concerns for physicians worldwide are the increasing administrative tasks, and difficulties of getting paid. Apart from taking care of patients, they can’t escape from the burden of paperwork, editing letters, reports, etc. Without proper evaluation and management for medical documentation and coding, they might face inefficient payment schedule, denied payments, and improper reimbursements. Other problems of the industry include the rising costs of care, and inadequate medical resources in developing nations.

About 58,000 physicians practice anesthesiology in the US, according to the American Association of Nurse Anesthetists. The industry generates some $16 billion in revenue, according to The Business Research Company. Anesthetics are administered not only by medical doctors who specialize in anesthesiology, but also by certified registered nurse anesthetists (CRNAs) and anesthesiologist assistants (AAs) under the supervision of an anesthesiologist.

COMPETITIVE LANDSCAPE

Demand for anesthesiology services is driven by surgery volumes, which are impacted by demographics and economic conditions. The profitability of an anesthesiology practice depends on the reputation and expertise of the anesthesiologist and staff, as well as on health care reimbursement rates. Large practices have advantages in leveraging administrative processes and expensive diagnostic ...

 
View Full Sample Add To Cart Return to the Industry Profile Menu

Would you or your company benefit from having unlimited access to First Research's industry intelligence tools?

Learn More About Subscription Options