Health Care Sector Report Summary

SIC Codes: 4119 5995 7299 8011 8021 8041 8042 8043 8049 8051 8052 8062 8063 8069 8071 8082 8092 8093 8099 8322 8331 8361
NAICS Codes: 446130 621111 621112 621210 621310 621320 621330 621340 621391 621399 621410 621420 621491 621492 621493 621498 621511 621512 621610 621910 621991 621999 622110 622210 622310 623110 623210 623220 623311 623312 623990 624110 624120 624190 624210 624221 624229 624230 624310 624410

Chapters Include

  • Industry Overview
  • Quarterly Industry Update
  • Business Challenges
  • Trends and Opportunities
  • Call Preparation Questions
  • Financial Information
  • Industry Forecast
  • Website and Media Links
  • Glossary of Acronyms

Health Care Sector Industry Overview

Excerpt from Health Care Sector Report

Companies in this industry provide a wide range of health care and social services through hospitals, doctors' offices, nursing homes, outpatient surgery centers, and other facilities. Major companies include Ascension Health, HCA, Kaiser Permanente, and Tenet Healthcare (all based in the US), as well as Fresenius (Germany), National Hospital Organization (Japan), and Ramsay Health Care (Australia).

Competitive Landscape

Health care reform efforts in the US and other developed countries are changing how providers are reimbursed for care. More attention is being focused on rewarding or penalizing institutions based on efficiency standards and the quality of care delivered. As pay-for-performance reimbursements are implemented, health companies are consolidating to better compete and negotiate with suppliers and insurers. Slim operating margins and a minimal ability to raise prices makes eliminating wasteful processes essential. Obtaining grants and federal funds is key to profitability in the case of many nonprofit health care providers.

Products, Operations & Technology

Major services include hospital medical care (45% of industry revenue) and outpatient care provided by physicians (20%). Other services include dental work, urgent care, elderly and hospice care, medical labs, home health, rehabilitation, and social assistance. Leading health care entities in the US include a number of for-profit entities, an exception to the global norm of nationalized medicine. However, of the 7,000 US hospitals, around 75% are not-for-profit. Most doctor's offices and ambulatory care centers are run as for-profit enterprises.

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