Medical, Dental, Optical Franchises

The U.S. healthcare sector includes more than 820,000 hospitals, doctor office, emergency care units, nursing homes and social services providers with combined annual revenue of more than $1 trillion.

The industry includes about 6,000 general hospitals, 20,000 nursing homes, 15,000 diagnostic labs, 30,000 outpatient clinics, 120,000 dentist offices, 200,000 doctor offices, 75,000 day-care facilities and 50,000 family and social services providers.

Demographics and advances in medical care and technology drive the demand for healthcare services. The profitability of individual healthcare providers depends on efficient operations and obtaining grants and federal funds – in the case of many nonprofit healthcare providers.

Larger healthcare centers have advantages in accessing the latest medical research, buying supplies, offering a wide range of services and negotiating contracts with health insurers. Small institutions can compete successfully by serving a limited geographical area, offering specialized services or building a local reputation for quality care.