OCTOBER 2003 PRESS RELEASE
New Reports From Feedback Research Services Analyze "Business Model Medicine"
October 29th, 2003 (Jacksonville OR): By year-end 2003, consumers may spend $10.0 billion on "extra" medical services purchased from cosmetic surgeons, dermatologists, diagnostic imaging facilities, medical spas, ophthalmologists, and specialty hospitals. The basis for this estimate is presented in an updated version of Feedback Research Services’ Consumer-Driven Health Markets report.
Third-party cost-containment and documentation policies have led physicians to develop and implement "business model medicine" strategies. In essence, the goal (from a physician’s standpoint) is to expand offerings to attract patients who are willing to pay out-of-pocket for the care and procedures they demand.
At this point, "pampering" appears to be a key component for meeting patients’ expectations. Even with a sluggish economy, managers at cosmetic surgery practices and medical spas reported revenue growth rates from 5% to 40% for the first half of 2003. In one facility, the relatively low growth rate of 5 to 7% was attributed to staffing limitations.
The 55-page Medical Spa & Specialty Hospital Markets report provides an overview of facilities identified to date. Interviews conducted with industry participants over a three-month period were used to analyze revenues, growth rates, and the potential impact of these segments on established markets. For more information about this report, contact us at 541-899-8088 or info@feed-back.com.
The 208-page Consumer-Driven Health Markets report analyzes revenues and growth rates for cosmetic surgery, dermatology, medical spa, specialty hospital, and preventive scanning segments. Current trends are applied to generate yearly forecasts from 2003 through 2005. For more information about this report, contact us at 541-899-8088 or info@feed-back.com.
