Hospitals Industry
Insights from D&B Hoovers

Industry Analysis

Description

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. Major companies include Community Health Systems (CHS), HCA Healthcare, and Tenet Healthcare (all based in the US), as well as Apollo Hospitals (India), Fraser Health (Canada), and Ramsay Health Care (Australia).

Competitive Landscape

Hospitals are under extreme pressure to lower costs while improving quality of care. Government payers and insurers are nudging patients toward less-costly outpatient care, reducing the number of routine inpatient procedures conducted at hospitals. The trend is encouraged by advances in medical technologies that improve recovery times. As reimbursements shift toward pay-for-performance protocols and away from procedure-based payments, hospitals may be rewarded or penalized based on quality and efficiency standards, such as reducing repetitive ER visits and hospitalizations. Eliminating wasteful processes is essential, as operating margins are slim, and the ability to raise prices is limited.

Products, Operations & Technology

Major services include inpatient hospital care, which accounts for about 55% of industry revenue, and outpatient services (those that typically don't require an overnight stay), which account for about 45%, according to the American Hospital Association. The average hospital has about 150 beds.

Geographic Segmentation

See where the Hospitals industry is concentrated geographically and research companies by financials and key corporate data.
Hospitals Companies in this Country/Region:
Top Hospitals Companies:
72427.439392M | Republic Of Korea
51533.0M | United States
28906.411887M | Switzerland
24729.643157M | United States
23402.282135M | United States
23093.417M | United States
22320.083616M | Switzerland
18691.0M | United States
13220.0M | United States
12805.423M | United States
12623.222M | United States
11993.0M | United States
11789.0M | United States
11558.897M | United States
11476.22307M | Japan
10627.906M | United States
10082.0M | United States
9916.611317M | United States
9673.039499M | United States
9426.648M | United States
8717.639M | United States
8531.490753M | Australia
8483.896M | United States
8299.797M | United States
8129.337625M | Australia
8129.337625M | Australia

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