Peaches and patients: Higher disposable income is projected to cause revenue to rise

The past five years have yielded strong growth for the Hospitals industry in Georgia. Rising healthcare coverage coupled with increased demand for healthcare, has enabled the industry to steadily grow over the five years to 2018. One of the most significant drivers for the industry has been the state’s rising level of disposable income. Georgia has a relatively high uninsured rate. However, growth in the state’s economy has enabled disposable income to rise, making uninsured people in the state better able to pay for healthcare services. As a result, over the past five years, the Hospitals industry in Georgia has benefited from an increase in the number of patients paying out-of-pocket. This trend has enabled industry revenue to grow at an annualized rate of 3.0% to $26.2...purchase to read more.

Industry Statistics & Market Size
Revenue
$26bn
Annual Growth 13-18
3.0%
Forecast Growth 18-23
Profit
Employment
144,245
Businesses
151

Industry Threats & Opportunities

  • Despite changes to healthcare policy, the industry is expected to continue growing over the next five years
  • Industry Report - Industry Investment Chapter

    ***This section is not used for US State reports***...purchase to read more.

    Additional Insights for the Hospitals in Georgia Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Hospitals in Georgia Industry are

  • Access to highly skilled workforce
  • Proximity to key markets
  • Understanding government policies and their implications
  • IBISWorld analysts also discuss how external factors such as Federal funding for Medicare and Medicaid and Number of people with private health insurance in Georgia in the Hospitals in Georgia industry impact industry performance..

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    What's in this report

    What is the Hospitals in Georgia Industry?

    This industry includes operators licensed as general medical and surgical hospitals that provide surgical and nonsurgical diagnostic and medical treatment to inpatients. Hospitals maintain inpatient beds and usually provide other services, including outpatient, operating room and pharmacy services. The industry excludes psychiatric and other specialty hospitals.

    Industry Products
  • Inpatient care
  • Outpatient care
  • Emergency care
  • Industry Activities
  • Inpatient care
  • Outpatient care
  • Anatomical pathology services
  • Diagnostic X-ray services
  • Clinical laboratory services
  • Operating room services
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Federal funding for Medicare and Medicaid
  • Number of people with private health insurance in Georgia
  • Number of adults aged 65 and older in Georgia
  • Per capita disposable income in Georgia

  • Current Performance
    Industry Outlook
    Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Hospitals in Georgia Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Life Insurance & Annuities
  • Health & Medical Insurance
  • Health & Welfare Funds
  • Consumers

  • Key Selling Industries
  • Brand Name Pharmaceutical Manufacturing
  • Diagnostic & Medical Laboratories
  • Food Service Contractors
  • Janitorial Services
  • Medical Instrument & Supply Manufacturing
  • Medical Supplies Wholesaling
  • Primary Care Doctors
  • Psychologists, Social Workers & Marriage Counselors
  • Specialist Doctors
  • Waste Collection Services

  • Products & Services
  • Inpatient care
  • Emergency care
  • Outpatient care
  • Chart: Hospitals in Georgia Industry Products and Services Segmentation

  • Major Markets
  • Private insurance
  • Government insurance
  • Non-patient care revenue
  • Other
  • Patient out-of-pocket
  • Chart: Major Market Segmentation for the Hospitals in Georgia Industry

  • Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Hospitals in Georgia

  • Basis of Competition
    Barriers to Entry
    Navicent Health, Northeast Georgia Health System, WellStar Health Services, Augusta University Health, Emory Healthcare,
  • Table: Navicent Health - financial performance
  • Table: Northeast Georgia Health System - financial performance
  • Table: WellStar Health Services - financial performance
  • Table: Augusta University Health - financial performance
  • Table: Emory Healthcare - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Hospitals in Georgia Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Hospitals in Georgia Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)
  • Number of people with private health insurance in Georgia (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Circulatory System
  • The system that moves blood throughout the body, including the heart, arteries, capillaries and veins.
  • Critical Access Hospital (Cah)
  • A small facility that gives limited outpatient and inpatient hospital services to people in rural areas. CAHs must meet Medicare requirements.
  • Disproportionate Share Hospital
  • Hospitals that treat a disproportionate number of uninsured patients; under Medicaid, these hospitals are entitled to federal compensation.
  • Electronic Health Record (Ehr)
  • The systematic collection and maintenance of electronic health information about an individual patient.
  • Inpatient
  • Admitted patients who stay overnight or longer.
  • Outpatient
  • A patient admitted to a hospital, clinic or associated facility for diagnosis or treatment and released the same day.
  • Teaching Hospital
  • Instruction for medical students combined with assistance to patients and often linked to a medical school.
  • Telemedicine
  • An application of clinical medicine whereby medical information is transferred through interactive audiovisual media for the purpose of consulting and remote medical procedures or examinations.
  • What Our Customers Say

    Why buy this report?

    The Hospitals in Georgia industry market report contains data and analysis of the most influential current and future trends shaping the industry. IBISWorld’s in-depth industry market research is presented in a logical, user-friendly format, and provides growth and profit forecasts for a five-year outlook period.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Hospitals in Georgia:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Hospitals in Georgia market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Hospitals in Georgia, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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