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 Analysis Chapter
The Hospitals industry is expected to grow at an annualized rate of 3.9% during the five years to 2014. In spite of the recession, demand has remained strong, and hospitals have been challenged to provide quality patient 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 $923.1 billion. Changes in reimbursement rates and a shortage of qualified personnel, however, continue to challenge hospitals.
Healthy revenue and profit
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