Healthy prognosis: Extended insurance coverage and increased service prices will boost industry revenue

As the primary provider of healthcare in New York, revenue for the Hospitals industry is expected to grow in the five years to 2017. Demand for industry services has steadily grown over the past five years, as healthcare reform legislation broadened insurance coverage and the sinking unemployment rate increased disposable income. As the Patient Protection and Affordable Care Act and potential healthcare reforms continue to affect the number of insured Americans, demand for industry services will likely continue to increase. As a result, IBISWorld expects industry revenue to rise over the next five years...read more.

Industry Statistics & Market Size
Revenue
$73bn
Annual Growth 12-17
2.2%
Forecast Growth 17-22
Profit
Employment
379,923
Businesses
214
What Our Customers Say

Industry Threats & Opportunities

  • The widespread use of electronic health records has promoted efficiency in the industry over the past five years
  • Federal reimbursement rates have been pivotal in increasing industry revenue
  • Adoption of EHR systems is expected to both help and hurt the industry
  • Industry Report - Industry SWOT Analysis Chapter

    ***This section is not used for US State reports.***Only set Reasons & Level!...purchase to read more.

    Additional Insights for the Hospitals in New York Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Hospitals in New York 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 F405 Number of people with private health insurance in New York in the Hospitals in New York industry impact industry performance..

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    What is the Hospitals in New York Industry?

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

    Industry Products
  • Medical/surgical acute
  • Intensive care
  • Perinatal
  • Newborn intensive 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
  • F405 Number of people with private health insurance in New York
  • Number of adults aged 65 and older in New York
  • Per Capita Disposable Income in New York

  • Current Performance
  • Rising number of insured individuals
  • Increasing elderly population
  • Healthy revenue but falling profit
  • Chart: Revenue Growth

  • Industry Outlook
  • Effects of reform
  • Acquisitions and employment
  • Table: Hospitals in New York Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Hospitals in New York 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
  • Medical/surgical acute
  • Intensive care
  • Perinatal
  • Other
  • Newborn intensive care
  • Chart: Hospitals in New York Industry Products and Services Segmentation

  • Major Markets
  • Private insurance
  • Medicare
  • Medicaid
  • Other
  • Chart: Major Market Segmentation for the Hospitals in New York Industry

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

  • Basis of Competition
    Internal competitionExternal competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Hospitals in New York Industry

  • New York-Presbyterian Hospital/Weill Cornell Medical Center Buffalo General Medical Center - Kaleida HealthMontefiore Medical CenterMount Sinai Hospital
  • Table: New York-Presbyterian Hospital/Weill Cornell Medical Center - financial performance
  • Table: Buffalo General Medical Center - Kaleida Health - financial performance
  • Table: Montefiore Medical Center - financial performance
  • Table: Mount Sinai Hospital - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Hospitals in New York 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 New York Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • No. of people with private health insurance in New York (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    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.
  • 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?

    IBISWorld’s industry research report on Hospitals in New York contains five-year forecasts and data analysis that can help you identify and mitigate risks in potential new markets. Position yourself as an expert with internal stakeholders by using our comprehensive industry research to inform your reports, proposals and presentations. Our business information will save you money by helping you make better decisions, faster.

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

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