Industry Analysis & Industry Trends
The rising importance of ambulance services in the healthcare system has fostered revenue growth for the Ambulance Services industry over the five years to 2013. Demand accelerated during the recession, as an increasing number of individuals lost private insurance coverage and waited until health issues escalated into emergency situations. Over the next five years, the growing number of individuals aged 65 and older will sustain industry growth, since the elderly face more medical issues than younger groups... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Ambulance Services industry is in the growth phase of its life cycle. During the ten years to 2018, industry value added (IVA), or the industry's contribution to the US economy, is forecast to grow at an annualized rate of 3.3%. As such, the industry is growing at a faster rate than GDP, which is expected to grow at an annualized rate of 2.1% during the period. The main factor driving strong industry growth is the aging population, which requires more emergency healthcare services than younger age groups. The number of people aged 65 and older will continue to grow through 2018 and future years.
Although the federal funding for Medicare and Medicaid is projected to grow, Medicare reimbursements are still lower than the actual cost of providing service... purchase to read more