The importance of subscription plans is becoming increasingly evident as they provide a steady income stream for healthcare practices and allow patients to access care more easily. From chiropractors to fitness practitioners, subscription plans can be tailored to fit any healthcare practice's needs, allowing them to create a more sustainable business model. Furthermore, subscription plans can be designed to fit any budget, making them an attractive option for healthcare providers and patients. This makes subscription plans ideal for those looking to provide quality patient care without breaking the bank.
Monthly Recurring Revenue
The subscription and billing management market is forecasted to grow from $4.6B to $17.9B over the next 10 years. There has been a 350% growth in the subscription economy over the past 7.5 years. Currently, the majority of the market share is held by large enterprises.
The global trends show an increase in interest in health and wellness and indicate that this industry will continue to grow. The increasing health consciousness is one of the contributing factors. A decline in the national smoking rate and a rise in healthy food consumption are expected to support the increase in health consciousness..