Industry Analysis & Industry Trends
Hospitals will benefit from increasing demand for healthcare among a growing customer base. Furthermore, healthcare reform will pave the way for revenue growth as more individuals gain insurance coverage. Conversely, high labor costs will result from ongoing shortages and reimbursement from Medicaid, and Medicare will continue to be strained as the government seeks to finance healthcare reform and states deal with budget deficits, restraining profitability... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
Despite the industry's long-standing presence in America, the Hospitals industry is in the growth phase of its life cycle. Growth in the value that the industry adds to the overall US economy is forecast to average 3.9% annually during the 10 years to 2018. This increase is faster than the projected average annual growth of 2.1% for US GDP during the same period.
The aging US population will contribute to growing demand for hospital services, and the healthcare reform of 2010 will increase the number of people with health insurance, and thus the overall market for industry services. Most of the newly insured will be covered under Medicaid, however, which typically pays hospitals less than the actual total cost of care... purchase to read more