The economic crisis, looming entitlement reforms and potential budget cuts in the United States at the federal and state level are allowing the growth of urgent care clinics, also referred to as immediate care clinics, to substantially increase. This is recognized as a remedy to fill in the growing doctor shortage.
According to industry reports and spending by large healthcare operators, the amount of Urgent Care Near My Location is projected to soar in the next decade. It really is estimated more and more than 8,000 urgent care clinics happen to be established – other numbers show 9,000 – and also the Urgent Care Association of America reports eight to 10 percent annual growth.
Urgent care facilities are different than traditional hospitals and therefore are rather like the health clinics found in places like Walmart and Walgreen because they are usually open on evenings and weekends and treat common health issues – some immediate care clinics do offer additional services like X-rays for broken bones.
Some medical experts like to think about their urgent care clinics as after-hours doctors’ offices. Most of people who work in such an office do note, however, patients may not reach view a board-certified doctor or some other kind of specialist.
A large proportion of walk-in clinics and urgent care offices are managed and operated by non-profit health systems, which receive donations and contributions in order to pay for construction and renovation costs, patient care program support, general operations costs and equipment purchases, based on the Association for Healthcare Philanthropy’s (AHP) annual Report on Giving study.
Because of so many of such operations putting together in malls, main streets as well as in major metropolitan cities, can the non-profit sector even purchase them? Well, Reuters is reporting that private equity firms have been investing money into urgent care clinics within the last few years. Although there is a significant risk in purchasing these clinics as a result of possibility of oversaturation and low insurance reimbursements, these firms work one-on-one with clinics to supply quality as well as make profit.
Rand Health found that retailers are entering the healthcare marketplace too. Big box stores, including Target and Walmart, only had a few of these clinics in the year 2000, however nowadays there are many than 1,200.
“Retail clinics emphasize convenience, with extended weekend and evening hours, no appointments, and short wait times,” the business states in the report. “A lot more than 44 percent of retail clinic visits happen when physician offices are generally closed. Price transparency and low costs may additionally be particularly attractive for people without being insured.”
This really is surely area of the profit-motive for these corporations.
No matter the concerns one may have over the private sector engaging in such an industry, urgent care clinics are area of the nation’s future healthcare market, especially since President Obama’s Affordable Care Act is bqbxru law of the land and will give a burden to the system.
“Many factors could influence the future of retail clinics in the U.S. First, the growing body of evidence casting doubt on quality-of-care concerns could lead to greater acceptance and utilize of retail clinics,” Rand added.
“Full implementation from the Affordable Care Act (ACA) could also lead to continued retail clinic growth. With increased people insured and an increased need for primary care beneath the ACA, access to primary care physicians could decrease. This may lead to increased interest in retail clinics. Similarly, if wait times for physician appointments increase-as continues to be the case in Massachusetts following its health reform-this might also increase retail clinic demand.”
Regardless of the concerns that some may have about private investment possibly cutting costs to increase its bottom line, urgent care clinics must offer remedies to health problems otherwise the consumer will go elsewhere to obtain proper medical assistance.