This industry encompasses facilities that provide immediate medical services on a walk-in basis, differing from primary care centers where medical services are provided on a scheduled basis. As a result, urgent care centers are open 24/7. However, urgent care centers are different from emergency room care because while urgent care patients need immediate medical attention, it is not life-threatening enough to warrant emergency room care. The urgent care center market is valued at almost $30 billion, and while there are no major players with more than 5% of the market share, dominating companies include MedExpress and NextCare.
Over the past decade, the healthcare industry has undergone immense growth thanks to healthcare reform, leading to an increase in the number of insured individuals, and the advent of technology and innovations dramatically improving medical care. Although telehealth existed before the pandemic, its use multiplied as more people preferred receiving care from their homes rather than go in-person and potentially be exposed to the virus. At the same time, rising hospital and emergency room costs have sparked backlash, and calls for dramatic expansion and reform of healthcare access could impact the industry even further.
The Paid-in-Full Rate is when the SBA loan is fully paid off by the small business owner including interest, indicating financial strength.
The Charged Off Rate is the SBA loan default rate where loans have no confidence in being paid off by the small business owner.
For every 16 SBA loans fully paid including interest, 1 SBA loan was unable to be paid back, or defaulted.
-SBA Loan Data from 2010-2019
-Non-Franchise Businesses taken into account: 43,447
Over the past five years, the urgent care industry has experienced significant growth due to a number of external factors. Soaring emergency room costs, overextended primary care physicians, and increases in the amount of insured individuals combined with the ease and convenience of urgent care has led to a surge in demand for these services. In 2019 alone, the industry experienced a 3.4% growth in revenue. While the COVID-19 pandemic has led to a decline in revenue as more people became nervous about entering medical facilities with the prevalence of the disease, a transition to telehealth services has allowed for the industry to withstand these externalities and off-set a decline in in-person visits. This reliance on technology to provide virtual healthcare is likely to continue in the long-term.
Average Health Care Franchise Industry Percentage Fees
Standard Health Care Franchise Industry Investment
This metric is the standard industry investment amount for a single unit franchise investment in this industry. Our research and analytics team analyzed over 80 franchise concept investment breakdowns in order to calculate this figure.
The Paid-in-Full Rate is when the SBA loan is fully paid off by the franchisee including interest, indicating financial strength.
The Charged Off Rate is the SBA loan default rate where loans have no confidence in being paid off by the franchisee.
For every 10 SBA franchise loans fully paid including interest, 1 SBA loan was unable to be paid back, or defaulted.
-SBA Loan Data from 2010-2019
-Franchise Businesses taken into account: 1,584
Learn more about the Health Care Industry
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