Oncologists

Oncologists

Brief Excerpt from Industry Overview Chapter:

Physicians in this industry engage in the medical practice of diagnosing and treating cancer. Major US companies include Dana-Farber Cancer Institute, Johns Hopkins, Mayo Clinic, MD Anderson Cancer Center, and Memorial Sloan-Kettering Cancer Center. Leading providers of cancer treatment outside the US include Institut Gustave-Roussy (based in France), the Princess Margaret Hospital (Canada), the Royal Marsden Hospital (the UK), and Sun Yat-Sen University Cancer Center (China).

COMPETITIVE LANDSCAPE

Demand for oncologists is driven by the number of people being treated for cancer. Profitability depends on patient volume, insurance reimbursement, reputation, and operational efficiency. Large organizations have economies of scale in purchasing and administration. Small clinics can compete by treating specific types of cancer or patient groups, such as children.

PRODUCTS, OPERATIONS & TECHNOLOGY

Oncologists diagnose and treat tumors, perform surgery, tracking remission patients, provide medical support to terminally ill patients, and performing researches. Oncologists are included in the industry of physicians, which take majority of its revenue from patient care that accounts for about 97%. Other services include treatment of diseases of the musculoskeletal system, factors influencing health status, and diseases of the eye and adnexa. Diseases of the circulatory system as well as tumors are treated in the industry.