Hospitals in the US
As a primary provider of healthcare in the United States, revenue for the Hospitals industry is expected to grow over the five years to 2018. This traditionally fragmented industry has recently begun consolidating, largely due to the pressures of healthcare reform. Demand for industry services has steadily grown over the past five years, as healthcare reform legislation broadened insurance coverage and the sinking unemployment rate increased disposable income. To maintain an advantaged position in this competitive industry, hospitals seek the most skilled and specialized healthcare professionals, thereby increasing labor costs. However, hospitals have also contended with nurse and physician shortages and have struggled to recruit qualified personnel. Industry profitability has generally risen over the past five years due to increases in service prices. As the Patient Protection and Affordable Care Act (PPACA) continues to increase the number of insured Americans, demand for industry services will likely continue to increase and the number of uninsured patients that hospitals treat will drop. Due to the high risks associated with electronic medical records, hospitals will need to invest in IT security and cyber consultants to protect themselves from hackers, resulting in a steady increase in purchase costs over the next five years. In addition, a shortage of highly skilled nurses and staff will likely result in hospitals increasing wages to attract the best employees.
This industry includes operators licensed as general medical and surgical hospitals that provide surgical and nonsurgical diagnostic and medical treatment to inpatients. Hospitals maintain inpatient beds and usually provide other services, including outpatient, operating room and pharmacy services. The industry excludes psychiatric and other specialty hospitals.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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