By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Health Works CollectiveHealth Works CollectiveHealth Works Collective
  • Health
    • Mental Health
    Health
    Healthcare organizations are operating on slimmer profit margins than ever. One report in August showed that they are even lower than the beginning of the…
    Show More
    Top News
    learn to recognize and treat yeast infections
    Most Commonly Asked Questions About Yeast Infections
    November 17, 2021
    Advanced lung cancer diagnosis systems used by doctors
    Advanced Lung Cancer Diagnosis Systems Used by Doctors
    March 6, 2022
    The Top Benefits of a Wearable Blood Pressure Monitor Watch
    The Top Benefits of a Wearable Blood Pressure Monitor Watch
    June 13, 2022
    Latest News
    7 Most Common Healthcare Accreditation Programs: Which Should You Use?
    August 20, 2025
    Hospital Pest Control and the Fight Against Superbugs
    August 20, 2025
    Hygiene Beyond The Clinic: Attention To Overlooked Non-Clinical Spaces
    August 13, 2025
    5 Steps to a Promising Career as a Healthcare Administrator
    August 3, 2025
  • Policy and Law
    • Global Healthcare
    • Medical Ethics
    Policy and Law
    Get the latest updates about Insurance policies and Laws in the Healthcare industry for different geographical locations.
    Show More
    Top News
    Life Expectancies and Lethal Injections
    May 6, 2015
    The Future of Healthcare and Big Pharma is in Big Data Analytics
    February 5, 2021
    Financial Assistance for Clinical Trials
    September 16, 2015
    Latest News
    How Social Security Disability Shapes Access to Care and Everyday Health
    August 22, 2025
    How a DUI Lawyer Can Help When Your Future Health Feels Uncertain
    August 22, 2025
    How One Fall Can Lead to a Long Road of Medical Complications
    August 22, 2025
    How IT and Marketing Teams Can Collaborate to Protect Patient Trust
    July 17, 2025
  • Medical Innovations
  • News
  • Wellness
  • Tech
Search
© 2023 HealthWorks Collective. All Rights Reserved.
Reading: Why the Business of Pain Management Is Big and Getting Bigger
Share
Notification Show More
Font ResizerAa
Health Works CollectiveHealth Works Collective
Font ResizerAa
Search
Follow US
  • About
  • Contact
  • Privacy
© 2023 HealthWorks Collective. All Rights Reserved.
Health Works Collective > Business > Finance > Why the Business of Pain Management Is Big and Getting Bigger
BusinessFinancePublic Health

Why the Business of Pain Management Is Big and Getting Bigger

Chris Hoffmann
Chris Hoffmann
Share
4 Min Read
pain management
SHARE

pain managementThe Institute of Medicine (IOM) reports that over 100 million adults in the U.S. have chronic pain.

pain managementThe Institute of Medicine (IOM) reports that over 100 million adults in the U.S. have chronic pain.  Worldwide, upwards of 1.5 billion individuals suffer from pain related to cancer treatment and other conditions.

Pain has many definitions. It is subjective, multifaceted and is a bio-psycho-social experience.  Consequently, pain is hard to treat effectively and billions are being spent on drugs, surgeries, devices, therapies and alternative and complementary medicine to care for those suffering from the range of conditions that make up the acute, chronic and psychosomatic pain continuum. Much of that care, however, is fragmented and uncoordinated.  Through our research of the pain management market (and hereafter in this report we’ll use the terms ‘pain management’ and ‘pain medicine’  interchangeably), we’ve become convinced that the millions of patients seeking pain treatment in the U.S. could benefit from a more integrated and coordinated care approach.

Through a high level analysis, we identified over 7,000 physicians in the U.S. who market themselves as being focused on the treatment of ‘pain’ for a range of conditions.  However, there are countless articles and papers stating that many pain patients aren’t being properly diagnosed through primary care providers, and as a result, they don’t understand or benefit from the myriad of pain treatment options available for their condition.  An overarching theme to these barriers is that many physicians have inadequate training and thus knowledge of pain management. A coordinated care approach like that delivered within multi-disciplinary specialty care clinics could not only enhance the treatment of pain, but also make it more accessible and effective.

More Read

Get Your Healthcare Practice’s Website Mobile-Ready
Get Your Healthcare Practice’s Website Mobile-Ready
Fundamental Facts About Patient Education
Rise of People Power or Arrogance of the Academy?
Revamping Your Revenue Cycle in 2015: 7 Things to Consider
The Top 5 Very Important Reasons To Learn CPR

U.S. healthcare is grappling with an increasing number of newly insured individuals, as well as the growing trend of more surgeries, an aging population and an evolving understanding of the relationship between prescription medications, mental health and pain.  Our analysis supports that the market should embrace both a wider net for the patients deemed eligible and appropriate for pain management, as well as a broader scope of services for treating them.  Well-capitalized pain management businesses that offer a more coordinated approach to care delivery can make a meaningful difference clinically, and reduce care costs and become profitable examples of effective outpatient care.

In our report, we break down why the pain management sector is poised for growth by detailing:

  • Five populations of patients who seek pain care (and there are many to choose from…we stuck with five)
  • Our proprietary Pain Management continuum, a useful graphic for understanding the pain medicine approaches for acute, chronic and psycho-somatic pain
  • The evolution of pain management, including to HCAHPS scores
  • Components that, in our view, are core to an integrated pain management experience, including:
    • Training
    • Guidelines
    • Integration of complementary and alternative therapies
    • Empathy

The growing needs of pain management patients, the intense economic pressures on hospitals and the market competition among health systems to maintain patient satisfaction and quality levels while avoiding readmissions, are all reinforcing the trend toward care models focused on coordinated care across the care continuum.  These models integrate team approaches, collaboration and coordinated care among specialists, and even include behavioral healthcare and other support services such as patient advocates and navigators who help guide patients through the referral, workup, diagnostic testing and treatment processes.

pain management / shutterstock

TAGGED:pain management
Share This Article
Facebook Copy Link Print
Share

Stay Connected

1.5kFollowersLike
4.5kFollowersFollow
2.8kFollowersPin
136kSubscribersSubscribe

Latest News

engineer fitting prosthetic arm
How Social Security Disability Shapes Access to Care and Everyday Health
Health care
August 20, 2025
a woman explaining the document
How a DUI Lawyer Can Help When Your Future Health Feels Uncertain
Public Health
August 20, 2025
physiotherapist at work
How One Fall Can Lead to a Long Road of Medical Complications
Health care
August 20, 2025
Common Healthcare Accreditation Programs
7 Most Common Healthcare Accreditation Programs: Which Should You Use?
Health News
August 20, 2025

You Might also Like

Humana Bolsters Care Management Capabilities with Acquisition of SeniorBridge

December 8, 2011

Is Your Name One of the Top Ten Baby Names?, and Other Links

May 10, 2011
food education
Public HealthWellness

Bring Food Education Back!

September 14, 2013
medicaid
BusinessFinanceHealth ReformHospital AdministrationMedical EthicsPolicy & LawPublic Health

Making a 5% Commitment to Medicaid

November 21, 2013
Subscribe
Subscribe to our newsletter to get our newest articles instantly!
Follow US
© 2008-2025 HealthWorks Collective. All Rights Reserved.
  • About
  • Contact
  • Privacy
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?