Total Revenue for General Medical and Surgical Hospitals - Private, All Establishments, Employer Firms
This dataset tracks total revenue for general medical and surgical hospitals - private, all establishments, employer firms over time.
Latest Value
995172.00
Year-over-Year Change
65.57%
Date Range
1/1/1998 - 1/1/2022
Summary
This economic trend measures the total revenue generated by privately-owned general medical and surgical hospitals in the United States. It provides insight into the financial health and performance of a crucial 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 - Private, All Establishments, Employer Firms series tracks the aggregate revenue collected by privately-owned hospitals that provide general medical and surgical services. This metric is used by economists and policymakers to assess the overall financial viability and growth of the private hospital industry.
Methodology
The data is collected through surveys of private establishments by the U.S. Census Bureau.
Historical Context
This trend is relevant for understanding the financial well-being of the private healthcare sector and its implications for medical service access and costs.
Key Facts
- Private hospitals account for over 70% of total U.S. hospital revenue.
- Total revenue for private hospitals has grown by over 40% in the past decade.
- The private hospital industry employs over 5 million people in the United States.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total revenue generated by privately-owned general medical and surgical hospitals in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the financial health and performance of the private hospital industry, which is a crucial component of the broader healthcare sector.
Q: How is this data collected or calculated?
A: The data is collected through surveys of private establishments by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: This trend is relevant for understanding the financial well-being of the private healthcare sector and its implications for medical service access and costs.
Q: Are there update delays or limitations?
A: The data is published quarterly with a delay of several months.
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Citation
U.S. Federal Reserve, Total Revenue for General Medical and Surgical Hospitals - Private, All Establishments, Employer Firms (REVEF622119ALLEST), retrieved from FRED.