2012-09-25 18:57:32 - U.S. Hospital Health Data Analytics Market - a new market research report on companiesandmarkets.com
This study examines the key trends and issues affecting the U.S. hospital health data analytics market, including a review of industry challenges and market drivers and restraints through 2016. It also analyzes the impact of recent legislative mandates on the implementation and usage of information technology, including data analytics, in U.S. hospitals. Also provided are brief profiles of technology vendors serving the market, and growth forecasts for adoption through 2016. It is designed to inform a range of market participants, including large and small IT vendors across the health care ecosystem in addition to payers, providers, consultants, policy makers and others in need of a better understanding of this new and important trend.Executive SummaryTotal Number of Hospitals: The exact number
of hospitals in the United States is unclear as the definition of what constitutes a hospital can vary. In general, hospitals mostly provide inpatient services although most provide outpatient care as well. Residential care facilities, nursing homes, exclusive outpatient care centers, and ambulatory medical practices are not usually included as a part of the hospital industry. According to the American Hospital Association (AHA), there were registered hospitals in the United States in 2010. While a "registered hospital" is a hospital that meets the AHA´s criteria as a hospital facility, some facilities may be counted as hospitals by other entities, including the U.S. Government.Data from the U.S. Census Bureau indicates that there were hospitals in the United States in 2007. Total expenditures and revenues for hospital services also vary. According to the Office of the Actuary of the Center for Medicare & Medicaid Services (CMS), projected national health expenditures for hospitals amounted to $ billion in 2010 and $ billion in 2012, a -percent increase. In 2010, hospital care accounted for percent of total national health expenditures, representing the largest category of expenditures, as presented in Chart 3.1. For the purpose of this study, we will use the AHA data for the number of total registered hospitals in the United States, as presented in Figure 3-1.Location -- Urban versus Rural: About 60 percent of U.S. hospitals are located in urban areas, and the rest are in rural areas. Urban hospitals are generally larger and have a higher managed care penetration than do rural hospitals. A typical large hospital could have nearly beds and annual revenue of $ million. Urban hospitals face greater market competition, as compared to rural hospitals, which generally have a lower cost structure and lower managed care penetration.Ownership and Financial Status: Hospitals can be public or private, charitable, or for-profit. Most hospitals are exempt from paying federal income tax. Approximately percent of U.S. hospitals are operated as non-profits, and roughly one-third have negative total margins. The U.S. Government is the largest payer for hospital services, as presented in Chart 3.3.Market Dynamics: Demand for hospital services is driven by demographics, epidemiology, economic conditions, social and economic policy, and advances in medical care and technology. Local and regional market dynamics usually exert a strong influence on hospital performance. The U.S. hospital industry has traditionally been highly fragmented and localized. Today, most hospital providers have only a single facility, although that is changing as more hospitals and health systems merge.
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