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Healthcare SectorPublished by: First Research, Inc. Published: Sep. 28, 2009 - 10 Pages Table of Contents
AbstractThe US healthcare sector includes more than 820,000 hospitals, doctor offices, emergency care units, nursing homes, and social services providers with combined annual revenue of more than $1 trillion. Major companies include Kaiser Permanente, HCA, and Ascension Health. The sector is highly fragmented: the top 50 organizations generate just 15 percent of revenue. Hospitals are the least fragmented industry: the top 50 hospitals account for 30 percent of total hospital revenue.The industry includes about 6,000 general hospitals; 20,000 nursing homes; 15,000 diagnostic labs; 30,000 outpatient clinics; 120,000 dentist offices; 200,000 doctor offices; 75,000 day care facilities; and 50,000 family and social services providers. The healthcare sector doesn't include managed healthcare providers, fitness centers, or weight reduction services, which are covered in separate industry profiles. COMPETITIVE LANDSCAPE Demand for healthcare services is driven by demographics and advances in medical care and technology. The profitability of individual companies depends on efficient operations and, in the case of many nonprofit healthcare providers, obtaining grants and federal funds. Large companies have advantages in accessing the latest medical research, buying supplies, offering a wide range of services, and negotiating contracts with health insurers. Small institutions can compete successfully by serving a limited geographical area, offering specialized services, or building a local reputation for quality care. Healthcare is labor-intensive: annual revenue per employee is $80,000. Revenue per employee is nearly $100,000 for ambulatory services and hospitals, and only around $45,000 ... Get Full Details About This Report >> |
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