Total Revenue for Home Health Care Services, All Establishments, Employer Firms
This dataset tracks total revenue for home health care services, all establishments, employer firms over time.
Latest Value
113264.00
Year-over-Year Change
92.60%
Date Range
1/1/1998 - 1/1/2022
Summary
This economic trend measures the total revenue generated by home health care service providers in the United States, including all employer firms. It is an important indicator for monitoring the financial health and growth of the home health care industry.
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 Home Health Care Services, All Establishments, Employer Firms metric tracks the aggregate sales and income of businesses that provide in-home medical and personal care services. It is used by economists, policymakers, and industry analysts to assess the overall performance and size of the home health care sector.
Methodology
This data is collected by the U.S. Census Bureau through surveys of business establishments.
Historical Context
Trends in home health care revenue can inform policy decisions related to Medicare, Medicaid, and private insurance coverage for in-home care services.
Key Facts
- Home health care services account for over $100 billion in annual revenue.
- Revenue has grown steadily over the past decade as the population ages.
- The home health care industry employs over 2 million people in the U.S.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total revenue generated by businesses that provide home health care services in the United States, including all employer firms in the industry.
Q: Why is this trend relevant for users or analysts?
A: Tracking home health care revenue is important for understanding the financial performance and growth of this crucial sector, which serves an aging population and plays a significant role in the broader health care industry.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of business establishments in the home health care services industry.
Q: How is this trend used in economic policy?
A: Trends in home health care revenue can inform policy decisions related to Medicare, Medicaid, and private insurance coverage for in-home care services.
Q: Are there update delays or limitations?
A: There may be delays of several months in the reporting of this data, and the survey methodology may not capture all revenue sources in the highly fragmented home health care industry.
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Citation
U.S. Federal Reserve, Total Revenue for Home Health Care Services, All Establishments, Employer Firms (REVEF6216ALLEST), retrieved from FRED.