Tools commonly used in the Medical Groups industry for day-to-day tasks and operations.

• Electronic Health Record (EHR) systems
• Medical billing software
• Medical imaging equipment (e.g. X-ray machines, MRI machines)
• Medical diagnostic equipment (e.g. blood pressure monitors, glucose meters)
• Medical laboratory equipment (e.g. microscopes, centrifuges)
• Medical sterilization equipment (e.g. autoclaves)
• Medical surgical instruments (e.g. scalpels, forceps)
• Medical examination tables
• Medical carts and trolleys
• Medical waste disposal equipment

Common products and services typical of NAICS Code 621999-33, illustrating the main business activities and contributions to the market.

• Primary care medical group
• Pediatric medical group
• Cardiology medical group
• Oncology medical group
• Dermatology medical group
• Women's health medical group
• Orthopedic medical group
• Mental health medical group
• Urgent care medical group
• Rehabilitation medical group

The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.

• American Board Of Medical Specialties (ABMS) Certification: ABMS is a non-profit organization that assists medical professionals in maintaining and improving their skills and knowledge. ABMS certification is a mark of excellence in the medical field and is recognized by hospitals, insurance companies, and patients.
• Certified Medical Practice Executive (CMPE): The CMPE certification is offered by the American College of Medical Practice Executives (ACMPE) and is designed for medical practice managers. The certification demonstrates a high level of knowledge and expertise in medical practice management.
• Certified Professional In Healthcare Risk Management (CPHRM): The CPHRM certification is offered by the American Hospital Association (AHA) and is designed for healthcare risk management professionals. The certification demonstrates a high level of knowledge and expertise in healthcare risk management.
• Certified Professional In Healthcare Quality (CPHQ): The CPHQ certification is offered by the National Association for Healthcare Quality (NAHQ) and is designed for healthcare quality professionals. The certification demonstrates a high level of knowledge and expertise in healthcare quality.
• Certified Revenue Cycle Representative (CRCR): The CRCR certification is offered by the Healthcare Financial Management Association (HFMA) and is designed for revenue cycle professionals. The certification demonstrates a high level of knowledge and expertise in revenue cycle management.

A concise historical narrative of NAICS Code 621999-33 covering global milestones and recent developments within the United States.

• The Medical Groups industry has a long history dating back to the early 20th century when physicians began to form groups to share resources and reduce costs. In the 1930s, the American Medical Association (AMA) began to promote the concept of group practice, and by the 1950s, medical groups had become a common practice. In the 1960s, the introduction of Medicare and Medicaid led to a significant increase in demand for medical services, which further fueled the growth of medical groups. In recent years, medical groups have continued to evolve, with the adoption of electronic health records and the increasing use of telemedicine. In the United States, medical groups have undergone significant changes in recent years. The Affordable Care Act (ACA) of 2010 led to the formation of accountable care organizations (ACOs), which are groups of healthcare providers that work together to coordinate care for patients. The ACA also led to the adoption of value-based care, which incentivizes providers to focus on patient outcomes rather than the volume of services provided. In addition, the rise of consumerism in healthcare has led to the development of patient-centered medical homes (PCMHs), which are medical practices that focus on providing coordinated, comprehensive care to patients. These changes have led to a shift towards more integrated and coordinated care, with medical groups playing a key role in this transformation.

The anticipated future trajectory of the NAICS 621999-33 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.

• Growth Prediction: Growing

  The future outlook for the Medical Groups industry in the USA is positive. The industry is expected to grow due to the increasing demand for healthcare services, the aging population, and the rise in chronic diseases. The industry is also expected to benefit from the increasing adoption of technology, such as telemedicine, which allows patients to receive medical care remotely. Additionally, the industry is likely to benefit from the increasing focus on preventive care and wellness, which is expected to reduce healthcare costs in the long run. However, the industry may face challenges such as rising healthcare costs, regulatory changes, and the shortage of healthcare professionals.

Recent groundbreaking advancements and milestones in the Medical Groups industry, reflecting notable innovations that have reshaped its landscape.

• Virtual Care: Medical groups are increasingly adopting virtual care technologies such as telemedicine to provide remote care to patients. This has become especially important during the COVID-19 pandemic, as it allows patients to receive medical care without risking exposure to the virus.
• Electronic Health Records (Ehrs): Medical groups are adopting EHRs to improve patient care and reduce costs. EHRs allow medical professionals to access patient information quickly and easily, reducing the risk of medical errors and improving patient outcomes.
• Population Health Management: Medical groups are adopting population health management strategies to improve the health of their patient populations. This involves analyzing patient data to identify health risks and developing interventions to address those risks.
• Patient-Centered Medical Homes (Pcmhs): Medical groups are adopting PCMHs, which are designed to provide comprehensive, coordinated, and patient-centered care. PCMHs focus on preventive care and wellness, and aim to reduce healthcare costs by improving patient outcomes.
• Value-Based Care: Medical groups are adopting value-based care models, which focus on improving patient outcomes while reducing costs. Value-based care models reward medical professionals for achieving positive patient outcomes, rather than for providing more services.