Total Revenue for General Medical and Surgical Hospitals - Private, Establishments Subject to Federal Income Tax, Employer Firms
REVEF622119TAXABL • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
123,625.00
Year-over-Year Change
58.94%
Date Range
1/1/1998 - 1/1/2022
Summary
This economic trend measures total revenue for private general medical and surgical hospitals that are subject to federal income tax. It provides insight into the financial performance and activity of a key healthcare industry sector.
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 private, income tax-paying general medical and surgical hospitals is an important indicator of the overall size and financial health of this segment of the healthcare industry. Analysts and policymakers use this data to assess market conditions, business trends, and the broader economic impact of the hospital sector.
Methodology
The data is collected through surveys of establishments by the U.S. Census Bureau.
Historical Context
This trend is relevant for understanding the economic dynamics and policy implications of the private hospital industry.
Key Facts
- This trend only includes private, for-profit hospitals that are subject to federal income tax.
- Revenue for this sector has grown significantly over the past decade.
- The healthcare industry is a major contributor to the U.S. economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total revenue generated by private, income tax-paying general medical and surgical hospitals in the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insight into the financial performance and economic activity of a critical segment of the healthcare industry, which is a major driver of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of establishments by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess market conditions, business trends, and the broader economic impact of the private hospital sector.
Q: Are there update delays or limitations?
A: There may be slight delays in data availability due to the time required for collection and reporting by the Census Bureau.
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Citation
U.S. Federal Reserve, Total Revenue for General Medical and Surgical Hospitals - Private, Establishments Subject to Federal Income Tax, Employer Firms (REVEF622119TAXABL), retrieved from FRED.