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Hospital Medicine: A Market Overview January 2014

Hospital Medicine: A Market Overview · 2017-02-27 · The growth of hospital medicine 0 5,000 10,000 15,000 20,000 25,000 30,000 35,000 40,000 2003 2004 2005 2006 2007 2008 2009

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Page 1: Hospital Medicine: A Market Overview · 2017-02-27 · The growth of hospital medicine 0 5,000 10,000 15,000 20,000 25,000 30,000 35,000 40,000 2003 2004 2005 2006 2007 2008 2009

Hospital Medicine: A

Market Overview  

January  2014    

Page 2: Hospital Medicine: A Market Overview · 2017-02-27 · The growth of hospital medicine 0 5,000 10,000 15,000 20,000 25,000 30,000 35,000 40,000 2003 2004 2005 2006 2007 2008 2009

     

Mid  to  late    1990s:  

Hospitalists  primarily  trea9ng  

 unassigned  pa9ents  

Late  1990s  to  early  2000s:  Hospitalists  move  into  24/7  

coverage,  resident  training  and  and  early  leadership  roles  

Mid  to  late  2000s:  Hospitalists  move  into  periopera9ve  care,  comanagement  with  a  variety  of  subspecial9es,  systems  redesign  

and  quality  improvement      

Late  2000s  and  beyond:  Hospitalists  focus  on  readmissions,  begin  admiFng  the  pa9ents  of  all  

subspecialists,  move  beyond  medical  wards  to  ensure  con9nuity  and  quality  of  care,  and  take  key  roles  in  

implemen9ng  health  care  reform        

The hospitalist story

Page 3: Hospital Medicine: A Market Overview · 2017-02-27 · The growth of hospital medicine 0 5,000 10,000 15,000 20,000 25,000 30,000 35,000 40,000 2003 2004 2005 2006 2007 2008 2009

The growth of hospital medicine

0  

5,000  

10,000  

15,000  

20,000  

25,000  

30,000  

35,000  

40,000  

2003   2004   2005   2006   2007   2008   2009   2010   2011   2012  

Number  of  hospitalists  prac2cing  in  the  U.S.  

Source:  The  Society  of  Hospital  Medicine  

Page 4: Hospital Medicine: A Market Overview · 2017-02-27 · The growth of hospital medicine 0 5,000 10,000 15,000 20,000 25,000 30,000 35,000 40,000 2003 2004 2005 2006 2007 2008 2009

Training  • 74%  Internal  medicine  • 12%  FPs  • 7%  Pediatricians  • 5%  Med/Peds  

Hospitalist  Demographics  • Average  age:  44  • 70%  male/30%  female  • On  average,  hospitalists  have  been  prac9cing  hospital  medicine  for  7.25  years  

• 57%  of  hospitalists  have  been  working  in  their  current  job  for  4  or  less  years        

Employer  Demographics  • Average  group  size  16  • Average  hospital  298  beds  • 41%  at  teaching  hospitals  • Nearly  half  (47%)  work  for  hospitals  or  hospital  corps.  • 17%  work  for  a  local  hospitalist  group  

• 15%  work  for  a  na9onal  hospitalist  mgmt.  co.    

• 10%  work  for  a  university/medical  school  

Work  Schedule  • Hospitalists  spend  most  of  their  9me  (80%)  on  pa9ent  care  

• 50%  work  block  coverage  (7  days  on,  7  days  off)  

• 6%  work  only  nighFme  shi_s  

Who are hospitalists?

Page 5: Hospital Medicine: A Market Overview · 2017-02-27 · The growth of hospital medicine 0 5,000 10,000 15,000 20,000 25,000 30,000 35,000 40,000 2003 2004 2005 2006 2007 2008 2009

Scripts written per week by hospitalists    

Therapy   Rx  per  Week  

Addic9on  Medicine   11.40  

An9coagulants/An9platelets   20.38  

An9microbials/An9bio9cs   22.71  

Cardiac  Care   28.09  

COPD/Asthma   9.87  

Cri9cal  Care  Drugs   9.87  

Diabetes   24.62  

Estrogen  Products   4.09  

Euvolemic  Hyponatremia   3.68  

GI  Care   24.44  

Neurologic  Agents   15.85  

Osteoporosis  Agents   4.96  

Pain  Management   42.08  

Psychiatric  agents   29.51  

Rheumatoid  Arthri9s   3.63  

Sexual  Dysfunc9on  Agents   4.01  

Stroke/t-­‐PA   3.33  

Page 6: Hospital Medicine: A Market Overview · 2017-02-27 · The growth of hospital medicine 0 5,000 10,000 15,000 20,000 25,000 30,000 35,000 40,000 2003 2004 2005 2006 2007 2008 2009

Condi9ons  treated  •  75%  of  pa9ents  are  treated  for  acute  care  (heart  aeacks,  strokes,  GI  bleeds,  severe  wounds,  diabetes,  severe  infec9on,  etc.)  

•  25%  of  pa9ents  are  treated  for  primary  care  (upper  respiratory  infec9ons,  arthri9s,  headaches,  sleep  disorders,  anxiety,  etc.)  

Hospitalists  treat  4.3  different  diseases/condi9ons  per  pa9ent  

Diseases/conditions treated by hospitalists

Page 7: Hospital Medicine: A Market Overview · 2017-02-27 · The growth of hospital medicine 0 5,000 10,000 15,000 20,000 25,000 30,000 35,000 40,000 2003 2004 2005 2006 2007 2008 2009

Hospitalists  commonly  rewrite  prescrip9ons  pa9ents  are  already  taking  •  On  average,  hospitalists  rewrite  prescrip9ons  for  more  than  one  third  (37%)  of  their  pa9ents  

During  an  average  shi_,  Today’s  Hospitalist  readers  write  39  scripts  •  Scripts  per  shi_  for  prescrip9on  drugs:  28  •  Scripts  per  shi_  for  OTC  drugs:  11  

Hospitalist prescribing patterns

Page 8: Hospital Medicine: A Market Overview · 2017-02-27 · The growth of hospital medicine 0 5,000 10,000 15,000 20,000 25,000 30,000 35,000 40,000 2003 2004 2005 2006 2007 2008 2009

Hospitalists  not  only  prescribe  lots  of  drugs,  but  they  ac9vely  educate  pa9ents  to  gain  compliance  with  drug  therapy  

On  average,  hospitalists  use  4.5  different  methods  to  enhance  pa9ent  compliance  with  drug  therapies  •  96%  educate  pa9ents  on  the  medical  condi9on  •  88%  clearly  explain  instruc9ons  and  importance  •  75%  ask  pa9ents  if  instruc9ons  are  understood  •  73%  Use  or  provide  pa9ent  educa9on  material  •  36%  Follow  up  with  pa9ents  

Hospitalists  are  opinion  leaders  for  pa9ent  care  and  drug  therapies  •  72%  say  they  are  frequently  sought  out  for  advice  on  pa9ent  care  issues  

• More  than  half  (57%)  say  they  are  frequently  sought  out  for  input  on  the  proper  drug  to  prescribe  

More than just prescribing

Page 9: Hospital Medicine: A Market Overview · 2017-02-27 · The growth of hospital medicine 0 5,000 10,000 15,000 20,000 25,000 30,000 35,000 40,000 2003 2004 2005 2006 2007 2008 2009

Prescription-writing beyond the wards

Periopera9ve  care  

ICU  care  

Universal  admieer  

Page 10: Hospital Medicine: A Market Overview · 2017-02-27 · The growth of hospital medicine 0 5,000 10,000 15,000 20,000 25,000 30,000 35,000 40,000 2003 2004 2005 2006 2007 2008 2009

Hospitalists’ roles beyond the wards

Medical  Wards  

Quality  improvement  

Commieee  work  

Informa9cs    Leadership  

ACOs  

Page 11: Hospital Medicine: A Market Overview · 2017-02-27 · The growth of hospital medicine 0 5,000 10,000 15,000 20,000 25,000 30,000 35,000 40,000 2003 2004 2005 2006 2007 2008 2009

Hospitalists  and  pharmaceu9cal  reps  

Only  30%  of  hospitalists  say  they  

regularly  see  a  pharmaceu9cal  rep  

Most  say  they  see  detailers  less  than  

once  a  week  

Reaching hospitalists

Page 12: Hospital Medicine: A Market Overview · 2017-02-27 · The growth of hospital medicine 0 5,000 10,000 15,000 20,000 25,000 30,000 35,000 40,000 2003 2004 2005 2006 2007 2008 2009

Source:  BPA  statements  (Today’s  Hospitalist,  Hospitalist  News,  The  Hospitalist)  and  published  rate  sheets  (ACP  Hospitalist)  

Circulation overview of publications for hospitalists

32,372  

31,870  

24,588  

22,738  

0   10,000   20,000   30,000   40,000  

Today's  Hospitalist  

ACP  Hospitalist  

Hospitalist  News  

The  Hospitalist  (SHM)  

Page 13: Hospital Medicine: A Market Overview · 2017-02-27 · The growth of hospital medicine 0 5,000 10,000 15,000 20,000 25,000 30,000 35,000 40,000 2003 2004 2005 2006 2007 2008 2009

Source:  BPA  statements  (Today’s  Hospitalist,  Hospitalist  News,  The  Hospitalist)  and  published  rate  sheets  (ACP  Hospitalist)  

Circulation overview of publications for hospitalists

32,372  

31,870  

24,588  

22,738  

0   10,000   20,000   30,000   40,000  

Today's  Hospitalist  

ACP  Hospitalist  

Hospitalist  News  

The  Hospitalist  (SHM)  

Which publication do hospitalists

actually ask for?

22,361  

6,040  

0  

0  

0   10,000   20,000   30,000   40,000  

Page 14: Hospital Medicine: A Market Overview · 2017-02-27 · The growth of hospital medicine 0 5,000 10,000 15,000 20,000 25,000 30,000 35,000 40,000 2003 2004 2005 2006 2007 2008 2009

Source:  BPA  statements  (Today’s  Hospitalist,  Hospitalist  News,  The  Hospitalist)  and  published  rate  sheets  (ACP  Hospitalist)  

Circulation overview of publications for hospitalists

32,372  

31,870  

24,588  

22,738  

0   10,000   20,000   30,000   40,000  

Today's  Hospitalist  

ACP  Hospitalist  

Hospitalist  News  

The  Hospitalist  (SHM)  

Which publication do hospitalists

actually ask for?

22,361  

6,040  

0  

0  

0   10,000   20,000   30,000   40,000  

Which publication is reaching

hospitalists?*

30,021  

NA**  

16,934  

16,794  

*Excludes  residents  and  nonphysicians  **Circula9on  breakdown  not  publically  available  

Page 15: Hospital Medicine: A Market Overview · 2017-02-27 · The growth of hospital medicine 0 5,000 10,000 15,000 20,000 25,000 30,000 35,000 40,000 2003 2004 2005 2006 2007 2008 2009

0  

5,000  

10,000  

15,000  

20,000  

25,000  

30,000  

35,000  

2003   2004   2005   2006   2007   2008   2009   2010   2011   2012   2013  

Today’s Hospitalist Circulation Growth    

Page 16: Hospital Medicine: A Market Overview · 2017-02-27 · The growth of hospital medicine 0 5,000 10,000 15,000 20,000 25,000 30,000 35,000 40,000 2003 2004 2005 2006 2007 2008 2009

Vvvvvf

Source:  June  2013  Kantar  Media  study  of  188  hospitalist-­‐based  internists  

“Do-not-receive” rates in Kantar Media’s syndicated study

Do not receive�

Hospitalist News�  � 47%�

ACP Hospitalist�  � 59%�

Today’s Hospitalist�  � 71%�

The Hospitalist�  � 77%�

FACT:    50%  to  almost  80%  of  the  Kantar  surveyed  physicians  do  not  receive  any  hospitalist  publica9on.        QUESTION:  How  reliable  and  sta9s9cally  significant  is  this  sample?    

No. 4/4 readers�

30�

23�

21�

17�

Page 17: Hospital Medicine: A Market Overview · 2017-02-27 · The growth of hospital medicine 0 5,000 10,000 15,000 20,000 25,000 30,000 35,000 40,000 2003 2004 2005 2006 2007 2008 2009

Readership: Read all or most issues (3 out of every 4 issues)  

% Read�

Today’s Hospitalist� 70.2%�    

Source:  June  2013  independent  study  of  nearly  1,000  hospitalists    

The Hospitalist (SHM)� 47.7%�    

ACP Hospitalist� 41.1%�    

Hospitalist News� 25.1%�    

Journal of Hospital Medicine� 20.8%�    

Major  segments  of  Today’s  Hospitalist  readers  can’t  be  reached  by  other  publica9ons:  • 48.5%  don’t  belong  to  the  Society  of  Hospital  Medicine  • 52.0%  don’t  belong  to  the  American  College  of  Physicians  

Page 18: Hospital Medicine: A Market Overview · 2017-02-27 · The growth of hospital medicine 0 5,000 10,000 15,000 20,000 25,000 30,000 35,000 40,000 2003 2004 2005 2006 2007 2008 2009

What does it cost to reach 1,000 hospitalists?*

Publication�Total

circulation�Hospitalist circulation*�

Page rate�

Cost per 1,000

readers�

 �Today’s Hospitalist� 32,372 30,021 $4,775 $159

   

 �Hospitalist News� 24,588 22,777 $4,280 $250

   

 �The Hospitalist� 22,738 15,216 $5,345 $351

   

 �ACP Hospitalist** � 31,870 NA**

   

*  Excludes  residents  and  nonphysicians  **Circula9on  breakdown  not  publicly  available  Source:  BPA  statements  (Today’s  Hospitalist,  Hospitalist  News,  The  Hospitalist)  and  published  rate  sheets  (ACP  Hospitalist)  

Page 19: Hospital Medicine: A Market Overview · 2017-02-27 · The growth of hospital medicine 0 5,000 10,000 15,000 20,000 25,000 30,000 35,000 40,000 2003 2004 2005 2006 2007 2008 2009

Digital  reach  Our  weekly  e-­‐mail  newsleeer  is  opened  by  nearly  25%  of  recipients  (between  4,000  and  5,000  opens  per  week).  

Survey  response  rate  The  annual  Today’s  Hospitalist  Compensa9on  &  Career  Survey  has  response  rates  of  nearly  1,000  hospitalists.    

Web  site  Nearly  three-­‐fourths  of  Today’s  Hospitalist  readers  (72.2%)  say  they  regularly  visit  the  Today’s  Hospitalist  Web  site.  

Reader engagement metrics

Page 20: Hospital Medicine: A Market Overview · 2017-02-27 · The growth of hospital medicine 0 5,000 10,000 15,000 20,000 25,000 30,000 35,000 40,000 2003 2004 2005 2006 2007 2008 2009

Hospitalists  and  digital  media  

Nine  in  10  hospitalists  own  a  

smartphone  (85%)  or  a  tablet  (50%)  

63%  of  our  readers  use  their  smartphone  in  clinical  work;  20%  

use  a  tablet.  

46%  of  our  readers  use  social  media  to  network  with  other  

hospitalists  

Innovative ways to reach hospitalists

Page 21: Hospital Medicine: A Market Overview · 2017-02-27 · The growth of hospital medicine 0 5,000 10,000 15,000 20,000 25,000 30,000 35,000 40,000 2003 2004 2005 2006 2007 2008 2009

Today’s  Hospitalist  Magazine  

Digital,  single-­‐sponsor  

newsleeers  

Sponsored  e-­‐mail  blasts  

Special  report  

Clinical  case  video  

Online  resource  centers  focusing  on  clinical  condi9onal  

work  

Innovative ways to reach hospitalists in this market

Page 22: Hospital Medicine: A Market Overview · 2017-02-27 · The growth of hospital medicine 0 5,000 10,000 15,000 20,000 25,000 30,000 35,000 40,000 2003 2004 2005 2006 2007 2008 2009

Jeffrey S. Berman Be Media Partners LLC

Phone 866.695.3870, ext. 12 Fax 215.249.4741

[email protected]

Edward T. Doyle Editor & Publisher, Today’s Hospitalist

Phone 215.997.9650 [email protected]  

For more information