U.S. Physical Therapy Outpatient Services: An Industry Analysis
This analysis $34.5 billion outpatient physical and occupational centers sector - a steady growth industry. Speech therapy and audiologists are also included. The Physical Therapy business is highly fragmented, with the 50 largest competitors comprising less than 25% of the market, which makes it ripe for consolidation.
While there are a few national companies, the industry consists predominantly of small to medium regional providers with annual revenue of slightly over $1 million.
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This industry is experiencing heightened M&A activity from both strategic suitors and private equity investors.
Physical therapists work in hospitals, private practices, outpatient clinics, people’s homes, schools, sports and fitness facilities, work settings, and nursing homes.
This new study the nature of the industry, national receipts/growth from 2007 to 2023 forecast, customer and therapist demographics, key industry trends, industry structure and operating ratios (national and state Census data for establishments and firms), industry regulation, top companies market share, consolidation and roll-up potential, insurance/ Medicare reimbursement trends, and more.
9 Competitor Profiles for: U.S. Physical Therapy, ATI Physical Therapy, Select Medical / Physiotherapy Associates, Upstream Rehabilitation/ Drayer Physical Therapy, Athletico Physical Therapy, CORA Health Services, Pivot Physical Therapy, Professional Physical Therapy and PT Solutions.
Report Scope and Methodology
Sources and methodology used for the report, report scope.
Nature & Structure of the Industry
Definition and number of physical therapists, occupational therapists, speech therapists, and audiologists and what they do, who they work for and where.
Demographic profile of physical therapists.
Major industry trends and issues: diversification, technology changes, consolidation and the potential for roll-ups, increased patient engagement tools, merit-based incentives
Industry structure: key metrics: no. of facilities, receipts, annual payroll, no. of employees, avg. receipts per facility – 2002, 2007, 2012
Main operating models used by physical therapy centers
Factors affecting demand for physical therapy (aging population, obesity, economic rationale)
Operations: sources of revenue, typical patient volumes, revenues per patient visit, physical therapist salaries, facility profit margins (data for U.S. Physical Therapy for 2007-2018), Sample Profit & Loss Statement for an Average Physical Therapy Center: 2018
Reimbursement situation discussion, requirements under Medicare
-Physical Therapy Industry Snapshot: 2012, 2007, 2002
-U.S. Physical Therapy company Gross Profit margins: 2007-2018
-Number of Medicare Non-institutional Providers: 2013-2017
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