Offices of Physicians (except Mental Health Specialists) Revenue Benchmarks
The average offices of physicians (except mental health specialists) business in the United States generates $3.7M in annual revenue, according to the U.S. Census Bureau Statistics of U.S. Businesses (SUSB 2021). There are 137,659 offices of physicians (except mental health specialists) businesses in the U.S., employing 2,544,650 workers with an average profit margin of 13.0%. The average employee in this industry earns $108K per year (Bureau of Labor Statistics QCEW 2023).
What Does a Offices of Physicians Business Actually Do?
Medical practices where physicians see outpatients — primary care, specialists, and multi-specialty groups. Revenue is largely insurance reimbursement (Medicare/Medicaid plus commercial), with a small self-pay share.
Who buys: Patients (via insurance in most cases). Referrals come from primary-care doctors and hospital systems.
Average Revenue
$3.7M
per year
Profit Margin
13.0%
industry average
Revenue / Employee
$200K
per year
Total Businesses
137,659
in the US
Est. Owner Income
$480K
small business avg
Labor Cost
50.0%
of revenue
Avg Employee Wage
$108K
per year (BLS)
Market Saturation
41.5
firms per 100K people
How Much Do Offices of Physicians (except Mental Health Specialists) Charge?
Physician visits are priced per encounter, with insurance-negotiated rates well below list.
| Service | Typical range |
|---|---|
Established patient visit | $100–250 list; $60–150 insurance-paid |
New patient visit | $200–500 list |
Consultation with specialist | $300–800 list |
In-office procedure (minor) | $200–1,500 |
Annual physical | $200–500 list |
Ranges based on industry rate surveys and typical published pricing. Actual quotes vary by city, business size, and job complexity.
Complete offices of physicians business plan
A 12-section data-backed business plan for a offices of physicians (except mental health specialists) business — executive summary, market analysis, competitive landscape, revenue model, 3-year financial projections, operations, marketing, staffing, funding request. Pre-populated with real Census, IRS, and BLS data on this industry. Free to view.
Cost Structure — Where Every $100 in Revenue Goes
Approximate P&L breakdown for the offices of physicians (except mental health specialists) industry. Labor share and net profit are grounded in Census SUSB and IRS SOI data. Other lines are split using sector-typical ratios.
| Category | Per $100 revenue | Per typical business | What's in it |
|---|---|---|---|
Medical supplies & pharma | $13 | $478K | Disposables, medications, lab reagents, implants, and other direct patient supplies. |
Wages & benefits | $50 | $1.8M | Payroll for all employees at the business (owner comp not included for small owner-operators). |
Rent & facilities | $6 | $205K | Rent or mortgage on business location plus utilities tied to the space. |
Marketing & advertising | $2 | $68K | Google/Meta ads, SEO, print, referral fees, event sponsorships. |
Other operating costs | $17 | $615K | Malpractice insurance, billing services, equipment leasing, regulatory compliance. |
Net profit | $13 | $480K | What remains for the owner or shareholders after all business expenses. |
Directionally accurate for a typical business in the industry. Individual businesses vary widely — a franchise may run a very different cost mix from an independent, and older established businesses often have lower labor share than newer ones.
Average Revenue by Business Size
Industry Dynamics (Census BDS 2023)
New Business Rate
10.51%
openings/year
Closure Rate
7.79%
closings/year
Net Job Growth
+6.06%
annual
Businesses Closed
10,707
in 2023
Firm Count Trend
Should You Start a Offices of Physicians Business?
Startup Cost
$100K – $500K
Break-Even
7 months
5-Year Survival Rate
80.0%
Related Industries
Frequently Asked Questions
- What does a offices of physicians (except mental health specialists) business do?
- Medical practices where physicians see outpatients — primary care, specialists, and multi-specialty groups. Revenue is largely insurance reimbursement (Medicare/Medicaid plus commercial), with a small self-pay share. Patients (via insurance in most cases). Referrals come from primary-care doctors and hospital systems.
- How much do offices of physicians (except mental health specialists) charge?
- Physician visits are priced per encounter, with insurance-negotiated rates well below list. See the pricing table above for typical rates by service type.
- How much does the average offices of physicians (except mental health specialists) make per year?
- The average offices of physicians (except mental health specialists) business generates $3.7M in annual revenue, based on U.S. Census Bureau data (SUSB 2021). After expenses, the estimated owner profit is $480K per year at a 13.0% profit margin.
- How many offices of physicians (except mental health specialists) businesses are there in the US?
- There are 137,659 offices of physicians (except mental health specialists) businesses operating in the United States, employing a total of 2,544,650 workers.
- How much does it cost to start a offices of physicians (except mental health specialists) business?
- Startup costs for a offices of physicians (except mental health specialists) business typically range from $100K to $500K, with a 5-year survival rate of 80.0%.
- What is the average salary in the offices of physicians (except mental health specialists) industry?
- The average employee in the offices of physicians (except mental health specialists) industry earns $108K per year, according to Bureau of Labor Statistics data (QCEW 2023).
Industry Growth & Survival
The offices of physicians (except mental health specialists) industry is actively growing — adding jobs at a net rate of 6.1% per year. New establishments are opening faster than existing ones close (10.5% entry vs 7.8% exit), indicating healthy demand.
Approximately 67% of offices of physicians (except mental health specialists) businesses survive their first 5 years. This is above the national average (~50%), making it a relatively safe industry to enter. In 2023, 10,707 firms in this industry closed permanently.
Employment & Wages
The average employee in the offices of physicians (except mental health specialists) industry earns $107,644/year. This is significantly above the national average of ~$65K, reflecting the skilled nature of this work. With 220,133 establishments employing 2,818,189 people, the typical business has about 13 employees.
Industry Trend (2000–2023)
The offices of physicians (except mental health specialists) industry has declined 18% since 2000 (from 157,535 to 128,948 firms).
See full historical statistics →Compare Offices of Physicians (except Mental Health Specialists) revenue with other industries: