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Medical Services Face Opportunities, Pitfalls; Firms have to cut costs while boosting health care quality and access.(INDUSTRY SNAPSHOT)(Q & A)
Byline: MARILYN MUCH
Medical and dental services firms have their work cut out for them.
Health care costs are rising at a rapid clip. The U.S. population is expanding, and an increasing percentage of Americans are ages 45 to 65.
Faced with this scenario, employers and the government are looking for new ways to deliver health care services and quality care at affordable prices.
Fortunately, medical and dental services firms are in a better position than ever to address these needs.
In recent years, the industry has undergone a transition from a mom-and-pop, fragmented market to one that is more consolidated and professionally managed, says health care analyst Brooks O'Neil of Dougherty & Co.
O'Neil has watched the transition closely. He's been following the health care field since 1994, as both an investment banker and an analyst.
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