Total Revenue for Hospitals, All Establishments, Employer and Nonemployer Firms
This dataset tracks total revenue for hospitals, all establishments, employer and nonemployer firms over time.
Latest Value
1369548.00
Year-over-Year Change
70.60%
Date Range
1/1/1998 - 1/1/2022
Summary
This economic trend measures the total revenue generated by hospitals, including both employer and nonemployer establishments. It provides insight into the financial health and activity of the hospital 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 Hospitals, All Establishments, Employer and Nonemployer Firms metric tracks the aggregate revenue from operating activities across the entire U.S. hospital sector. It is a key indicator of industry performance and can inform analyses of healthcare spending, investment, and policy.
Methodology
The data is collected through surveys of hospital establishments and compiled by the U.S. Census Bureau.
Historical Context
This trend is closely monitored by policymakers, economists, and industry analysts to understand broader trends in healthcare financing and the hospital market.
Key Facts
- Hospitals are a major sector of the U.S. economy.
- Total hospital revenue exceeded $1.2 trillion in 2020.
- The hospital industry employs over 5 million people nationwide.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total revenue generated by all U.S. hospitals, including both employer-based and self-employed (nonemployer) establishments.
Q: Why is this trend relevant for users or analysts?
A: The total hospital revenue metric provides valuable insight into the financial health and activity of the healthcare industry, which is a critical component of the broader economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of hospital establishments and compiled by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and industry analysts closely monitor this trend to understand broader trends in healthcare financing and the hospital market, which informs policy decisions.
Q: Are there update delays or limitations?
A: The data is subject to periodic updates and revisions by the Census Bureau, and there may be lags in the availability of the most recent information.
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Citation
U.S. Federal Reserve, Total Revenue for Hospitals, All Establishments, Employer and Nonemployer Firms (REVENF622ALLEST), retrieved from FRED.