Total Revenue for Medical and Diagnostic Laboratories, Establishments Subject to Federal Income Tax
REV6215TAXABL144QNSA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
18,638.00
Year-over-Year Change
2.71%
Date Range
1/1/2009 - 1/1/2025
Summary
This economic trend measures the total revenue generated by medical and diagnostic laboratories that are subject to federal income tax. It provides insights into the financial performance and growth of this key healthcare industry segment.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Total Revenue for Medical and Diagnostic Laboratories, Establishments Subject to Federal Income Tax series tracks the quarterly revenue of private-sector medical and diagnostic labs in the United States. This data point is used by economists and policymakers to analyze the financial health and market dynamics of the healthcare services industry.
Methodology
The data is collected through surveys of medical and diagnostic laboratory establishments by the U.S. Census Bureau.
Historical Context
This revenue trend is closely monitored by healthcare analysts and policymakers to gauge the broader economic conditions and market opportunities within the medical services sector.
Key Facts
- This series dates back to 1998 with quarterly data.
- Medical and diagnostic labs account for over $200 billion in annual revenue.
- The COVID-19 pandemic significantly impacted laboratory revenues in 2020.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total quarterly revenue generated by medical and diagnostic laboratories in the United States that are subject to federal income tax.
Q: Why is this trend relevant for users or analysts?
A: This revenue data provides important insights into the financial performance and growth dynamics of the healthcare services industry, which is a key sector of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of medical and diagnostic laboratory establishments conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and healthcare analysts monitor this revenue trend to gauge broader economic conditions and market opportunities within the medical services sector.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis, so there may be a several-month delay between the reference period and the published figures.
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Citation
U.S. Federal Reserve, Total Revenue for Medical and Diagnostic Laboratories, Establishments Subject to Federal Income Tax (REV6215TAXABL144QNSA), retrieved from FRED.