U.S. House Call Market Size Is Poised To Reach $706.9 Million By 2027: Grand View Research Inc.

 

The U.S. house call market size is expected to reach USD 706.9 million by 2027, based on a new report by Grand View Research, Inc. The market is anticipated to witness a CAGR of 5.5% from 2020 to 2027. Advanced healthcare technology and medical devices have enabled house call practices to provide continuous coordinated care to patients in a convenient location at affordable prices. Home visits have enabled physicians to make data-driven and informed decisions regarding the diagnosis and treatment of individual patients.

Public healthcare groups such as the American Academy of Home Care Medicine and the American Medical Association, and federal organizations including CMS, are lobbying to increase the access of physicians to patient’s homes in the U.S. Furthermore, some teaching hospitals and medical schools are including training for house call medicine. Thus the presence of home-based practice models is expected to increase in the coming years.

Healthcare organizations are focusing more on improving wellness and preventive care rather than crisis and emergency care. The overuse of hospital emergency rooms for urgent care has increasingly focused on primary care through new modes of healthcare delivery such as physician house calls and telemedicine. House call practices are thus expected to add transformative value to the U.S. healthcare system by providing value-based patient care.

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Government aids for improved regulations and insurance policies regarding physician house calls have enabled house call practices to provide affordable and convenient care in a comfortable environment for patients. For instance, in 2020, Medicare eliminated the requirement of documenting the medical necessity for providing a house call instead of an office visit. The Independence At Home model allows healthcare providers to offer patient care and reduce healthcare expenditure. In 2018, Northwell Health’s House Calls practice reported total savings of USD 3.4 million via the Independence at Home payment incentive model.

U.S. House Call Market Report Highlights

• Most of the house call practices are offering mobile-based applications for booking a physician appointment. These applications are integrated to provide complete healthcare records of the patients
• The primary care segment held the largest market share in 2020 and is expected to witness the fastest growth during the forecast period
• More primary care physicians are opting for home visits as it allows them to provide quality care, reduce administrative burden, and increase revenue for their practice in comparison to providing office visits
• Preventive care, mobile clinical testing, and chronic care management service segments are expected to witness substantial growth in the coming years due to the ongoing COVID-19 pandemic
• Moreover, easing of government norms that allow physicians to make a visit to patients who need not be homebound is likely to create opportunities for new market entrants
• Market players are also undertaking strategic initiatives such as mergers and acquisitions, technology collaborations, and partnerships to increase market presence. In September 2020, Heal acquired Doctors on Call - a medical house call company servicing the elderly in New York. The acquisition was worth USD 15.0 million and is expected to expand Heal's market presence in New York City

The COVID-19 pandemic has created a rapid shift in the U.S. healthcare system. Physician house call practices witnessed an exponential demand for chronic conditions management and urgent care during the ongoing COVID -19 pandemic. As hospitals and urgent care clinics were managing the infected patients, other patients for routine check-ups and chronic ailments were advised to use telemedicine or use house call services to flatten the curve.

The primary care segment dominated the U.S. house calls market and held the largest revenue share of 26.0% in 2020. The segment is followed by chronic care management and urgent care in terms of revenue share. Healthcare organizations in the U.S. are focusing on improving access to primary care to improve patient outcomes and reduce overall medical expenditure. Demand for physician house calls for primary care services is anticipated to improve the healthcare scenario in the country. House calls will enable primary care physicians to give adequate time to each patient and reduce the burden of other administrative work.

The COVID-19 pandemic has created a rapid shift in the U.S. healthcare system. Physician house call practices witnessed an exponential demand for chronic conditions management and urgent care during the ongoing COVID -19 pandemic. As hospitals and urgent care clinics were managing the infected patients, other patients for routine check-ups and chronic ailments were advised to use telemedicine or use house call services to flatten the curve.

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The market is fragmented with the presence of regional players in each state across the country. Market players are investing in increasing their staff and improving their services using mobile-based applications to improve patient access. The rising demand for physician house calls has increased opportunities for new market entrants. Technology-based healthcare start-ups are developing mobile-based applications to provide on-demand physician visits and telehealth services. In October 2020, Doctor On Demand, Inc. partnered with Walmart to provide virtual primary care for their associates at just USD 4.0.

Furthermore, the market has also witnessed increasing investment and funding that has allowed house call providers to increase their presence in the market. For instance, in May 2018, Heal raised USD 20.0 million for advancing their technology and market expansion. Some of the prominent players in the U.S. house call market include:

·        Heal

·        SOS Doctor House Call, Inc.

·        Urgent Med Housecalls

·        House Call Doctor Los Angeles

·        Housecall Doctors Medical Group

·        Doctor On Demand, Inc.

·        Resurgia Health Solutions LLC.

·        MDLIVE Inc.

·        Mount Sinai Visiting Doctors

·        Visiting Physicians Association

Grand View Research has segmented the U.S. house call market based on service:

U.S. House Call Service Outlook (Revenue, USD Million, 2016 - 2027)

·         Primary Care

·         Urgent Care

·         Preventive Care

·         Mobile Clinical Testing

·         Chronic Care Management

·         Others

List of Key Players of U.S. House Call Market

·         Heal

·         SOS Doctor House Call, Inc.

·         Urgent Med Housecalls

·         House Call Doctor Los Angeles

·         Housecall Doctors Medical Group

·         Doctor On Demand, Inc.

·         Resurgia Health Solutions LLC.

·         MDLIVE Inc.

·         Mount Sinai Visiting Doctors

·         VISITING PHYSICIANS ASSOCIATION

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

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