DUBLIN--(BUSINESS WIRE)-- Research and Markets (http://www.researchandmarkets.com/research/6d025f/hospitals) has announced the addition of the "Hospitals" report to their offering.
The US hospital industry includes about 6,500 hospitals with combined annual revenue of about $700 billion. Major companies include Kaiser Permanente, HCA (Hospital Corporation of America), Ascension Health, Tenet Healthcare, and Catholic Health Initiatives. The industry is fragmented: the top 50 organizations generate less than 30 percent of revenue.
Hospitals provide inpatient and outpatient services using specialized equipment. This industry doesn't include residential care facilities, outpatient care centers, or doctors' offices.
Demand for hospital services is driven by demographics and advances in medical care and technology. The profitability of individual companies depends on efficient operations, since many hospitals offer similar services, and customer perception, since in many cities hospitals compete for patients. Hospitals also compete for physicians, and seek to attract doctors with state-of-the-art equipment and an attractive work environment. Large companies have advantages in buying supplies, sharing best practices, and negotiating contracts with health insurers. Large hospitals may offer a wider variety of services. Small hospitals can compete successfully by serving a limited geographical area or offering specialized services. Hospitals are labor-intensive: annual revenue per employee is around $125,000.
PRODUCTS, OPERATIONS & TECHNOLOGY
Major services include in-patient hospital care (around 60 percent of industry revenue) and outpatient services that typically don't require an overnight stay (35 percent and growing). Other sources of revenue include prescription drug sales, ambulatory surgeries, and contributions from private donors, nonprofit foundations, and the federal government.
Key Topics Covered:
Quarterly Industry Update
Trends AND Opportunities
Call Preparation Questions
Website and Media Links
Glossary of Acronyms
For more information visit http://www.researchandmarkets.com/research/6d025f/hospitals
Source: First Research
Research and Markets
Laura Wood, Senior Manager,
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
KEYWORDS: United States North America
INDUSTRY KEYWORDS: Health Hospitals