Low barriers to entry and attractive revenue opportunities have resulted in a consistent increase in the number of urgent care centers, and 47 percent of those currently in operation were developed within the last five years, according to the report.
Here are some key statistics on the state of the urgent care center market:
1. The average urgent care center saw 342 patients per week as of 2011, according to the Urgent Care Association of America. Additionally, the average center experienced an increase of 28 additional patients per month.
2. Average reimbursement for an urgent care visit is approximately $103 per patient, compared with $302 per patient on average in a hospital emergency department, according to the report.
3. Roughly 60 percent of all urgent care centers have a wait time of less than 15 minutes to see a physician or mid-level provider, and 65 percent have a physician on-site at all times.
4. A physician or a group of physicians owns approximately 50 percent of urgent care centers.
5. The urgent care center market is highly fragmented, according to HealthCare Appraisers. Most operators own fewer than three centers and don’t have a dominant market presence.
More Articles on Urgent Care Centers:
Report: Millenials More Likely to Use Urgent Care Facilities Than PCPs
Employer-Sponsored Health Clinics: What Hospitals Risk if They Don’t Get Involved
6 Health System Affiliations With Retail Clinics
Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit
