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Hospitals & Medical Care Facilities (8062-HO)

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Hospitals & Medical Care Facilities (8062-HO)
  

Overview of Hospitals & Medical Care Facilities (8062-HO)

— The Healthcare Facilities industry consists of companies engaged in operating hospitals, physician and dental clinics, psychiatric facilities, nursing homes and home healthcare agencies. The industry also includes medical laboratories that support healthcare facilities, such as blood analysis, pathology, urinalysis, medical x-ray and other diagnostic laboratories. In contrast to traditional healthcare facilities, operators in the Specialty Hospitals industry provide specialized care to patients in both large-scale, well-known establishments and small, local clinics. Companies in this industry provide medical, diagnostic, and treatment services to people on an inpatient and outpatient basis at specialized medical, surgery, emergency, and other health care facilities. Demand for hospital services is driven by demographics, illness and injury rates, and advances in medical care and 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. There are 17,000 hospitals worldwide with 7,100 of those in the United States.

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