Total Revenue for General Medical and Surgical Hospitals - Government, All Establishments, Employer Firms
This dataset tracks total revenue for general medical and surgical hospitals - government, all establishments, employer firms over time.
Latest Value
285691.00
Year-over-Year Change
94.42%
Date Range
1/1/1998 - 1/1/2022
Summary
This economic indicator measures the total revenue generated by general medical and surgical hospitals owned by government entities in the United States. It provides insight into the financial health and activity of a key sector of the healthcare 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 General Medical and Surgical Hospitals - Government, All Establishments, Employer Firms data series tracks the aggregate revenue collected by government-owned hospitals across the country. This metric is used by economists and policymakers to analyze trends in healthcare financing and the overall performance of the public hospital system.
Methodology
The data is collected through surveys of healthcare providers by the U.S. Census Bureau.
Historical Context
This revenue trend is relevant for assessing the fiscal position of state and local governments, as well as the accessibility and affordability of public healthcare services.
Key Facts
- Government-owned hospitals account for over one-third of total U.S. hospital revenue.
- This revenue trend has grown steadily over the past decade, indicating increased demand for public healthcare services.
- The data is released quarterly with a lag of several months.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the total revenue generated by general medical and surgical hospitals owned and operated by government entities in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the financial health and activity of the public healthcare system, which is crucial for assessing the accessibility and affordability of government-provided medical services.
Q: How is this data collected or calculated?
A: The data is collected through surveys of healthcare providers conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this revenue trend to analyze the fiscal position of state and local governments, as well as the overall performance and role of the public hospital system.
Q: Are there update delays or limitations?
A: The data is released quarterly with a lag of several months, so it may not reflect the most recent economic conditions.
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Citation
U.S. Federal Reserve, Total Revenue for General Medical and Surgical Hospitals - Government, All Establishments, Employer Firms (REVEF622118ALLEST), retrieved from FRED.