Offices of physicians (NAICS 621111) industry trends
The offices of physicians industry includes independent practices of health practitioners having the degree of M.D. (Doctor of Medicine) or D.O. (Doctor of Osteopathy) providing general or specialized medicine in fields such as anesthesiology, oncology, ophthalmology or psychiatry. These health practitioners may operate centers, clinics, other private or group practices, facilities owned by others as well as in hospitals or HMO medical centers.
The Census Bureau’s most recent data indicates that there are approximately 220,131 firms within this industry.
According to Sageworks’ industry data, the industry’s net profit margin during the last 12 months was 11.68 percent. During this same time, the average gross profit margin was 97.42 percent.
The graph below shows business statistics for the average firm in the offices of physicians industry.