Determinants of the Survival Duration of Primary Medical Clinics in Seoul

Key Points

• This research aims to analyze factors influencing the survival duration of primary medical clinics in Seoul amid increasing closure risks.
• Analyzed 8,616 primary medical clinics opened in Seoul from 2014 to 2023.
• Applied Kaplan-Meier survival analysis, Cox proportional hazards model, and frailty model.
• Investigated various internal, location, competitive, and macroeconomic factors affecting clinic survival.
• Clinics with two or more physicians have higher survival chances compared to single-physician clinics.
• Dentistry clinics exhibit lower closure risks while traditional medicine clinics show higher risks.
• Higher clinic closure risk is associated with increased proximity to competitor clinics and higher loan interest rates.