Industry Analysis & Industry Trends
The Hospitals industry experienced somewhat softened demand during the recession as insurance coverage rates and disposable income decreased. However, healthcare reform is expected to result in more people with insurance, which will drive demand for hospital services and reduce the number of uninsured patients treated by industry operators. Additionally, rising service prices and cost-cutting efforts such as the implementation of electronic health records systems will likely boost profit margins in the next five years. However, healthcare reform may also have the long-term effect of driving patients out of the industry altogether, as less expensive alternatives to hospital care become more popular... purchase to read more
Industry Report - Industry Analysis Chapter
The Hospitals industry is expected to grow at an annualized rate of 3.9% during the five years to 2014. Despite the recession, demand has remained strong, and hospitals have been challenged to provide quality care while dealing with rising costs and increased competition for patients. In 2014, moderate improvements in the economy and further implementation of the Patient Protection and Affordable Care Act (PPACA) are expected to help boost revenue 4.5% to $935.6 billion. However, hospitals continue to face challenges from changes in reimbursement rates and a shortage of qualified personnel.
Healthy revenue and profit
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