Come together: A period of consolidation has led to reduced costs and increased negotiating power

The Hospitals industry in Illinois is similar to the national Hospitals industry. Most of the trends that have driven growth for the national Hospitals industry have also driven growth within the state, including increased access to health insurance. When people have health insurance they are more likely to visit hospitals, as they are better able to afford healthcare services. Like the national industry, the Hospitals industry in Illinois is also undergoing a period of consolidation; hospitals have formed networks to reduce costs and increase negotiating power. Though the industry is still highly fragmented, networks have grown their market share during the five-year period...read more.

Industry Statistics & Market Size
Revenue
$44bn
Annual Growth 12-17
3.2%
Forecast Growth 17-22
Profit
Employment
240,763
Businesses
266
What Our Customers Say

Industry Threats & Opportunities

  • Increased access to health insurance has driven revenue growth for hospitals throughout the state
  • Increased demand for non-essential healthcare services has a significant impact on hospital revenue
  • Growth in the number of people with private insurance in Illinois is expected to slow
  • Additional Insights for the Hospitals in Illinois Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Hospitals in Illinois 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 Illinois in the Hospitals in Illinois industry impact industry performance..

    shopping_cartPURCHASE OPTIONS

    What is the Hospitals in Illinois Industry?

    This industry includes operators in Illinois 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
  • Outpatient Services
  • Inpatient Services
  • 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 Illinois
  • Number of adults aged 65 and older in Illinois
  • Per Capita Disposable Income in Illinois

  • Current Performance
  • Access to care
  • Consolidation
  • Chart: Revenue Growth

  • Industry Outlook
  • Different growth
  • Continued consolidation
  • Table: Hospitals in Illinois Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Hospitals in Illinois 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
  • Outpatient Services
  • Inpatient Services
  • Chart: Hospitals in Illinois Industry Products and Services Segmentation

  • Major Markets
  • Private Insurance
  • Government Insurance
  • Non-patient care revenue
  • Other
  • Out-of-pocket payments
  • Chart: Major Market Segmentation for the Hospitals in Illinois Industry

  • Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Other costs
  • Chart: Cost Structure Benchmarking – Sector vs Hospitals in Illinois

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Hospitals in Illinois Industry

  • Advocate Health CareAnderson HospitalHospital Sisters Health SystemSouthern Illinois HealthcareUniversity of Illinois
  • Table: Advocate Health Care - financial performance
  • Table: Anderson Hospital - financial performance
  • Table: Hospital Sisters Health System - financial performance
  • Table: Southern Illinois Healthcare - financial performance
  • Table: University of Illinois - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Hospitals in Illinois 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 Illinois Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Number of adults aged 65 and older in Illinois (2008-2022)

  • 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.
  • Why buy this report?

    The Hospitals in Illinois Industry Research Report measures market size, analyses current and future trends, and provides an indication of market share for the industry’s largest companies. IBISWorld’s collection of industry market research reports gives you insightful, up-to-date information on the supply chains, economic drivers, and key buyers and markets for hundreds of industries.

    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 Illinois:
    • 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 Illinois 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 Illinois, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

    Contact Us

    Want to speak to a representative? Call us.

    clear