Market Analysis
Cardiology
- The cardiology physician market in the U.S., which generates approximately $51 billion annually, is highly fragmented, with 80% of the market dominated by local and regional practices of five physicians or less.
- Strong sector tailwinds and expansion dynamics signal hearty growth opportunities for cardiology practices. Private equity buyers are eager to invest as the practice area offers multiple revenue sources from a variety of ancillary services including ambulatory surgery centers (“ASCs”) and in-office diagnostic procedures.
- CMS 2020 final rulings added 23 cardiovascular CPT codes (566,000 outpatient Medicare procedures) to a growing list of covered ASC cardiovascular procedures in an outpatient setting, stimulating an increase in procedure volume to independent practices with ASCs, thus increasing specialty revenue and investor interest.
Industry Snapshot:
805K
Americans have a heart attack every year
108M
U.S. residents with high blood pressure
38.2%
American adults have total cholesterol of > 200 mg/dl
