Healthy prognosis: Extended insurance coverage and increased service prices boosted industry revenue
Hospitals in New York
As the primary provider of healthcare in New York, revenue for the Hospitals industry is expected to grow in the five years to 2017. Demand for industry services has steadily grown over the past five years, as healthcare reform legislation broadened insurance coverage and the sinking unemployment rate increased disposable income. As the Patient Protection and Affordable Care Act and potential healthcare reforms continue to affect the number of insured Americans, demand for industry services will likely continue to increase. As a result, IBISWorld expects industry revenue to rise over the next five years.
This industry includes operators licensed as general medical and surgical hospitals that provide surgical and nonsurgical diagnostic and medical treatment to inpatients with medical conditions. Hospitals maintain inpatient beds and usually provide other services such as outpatient services, operating room services and pharmacy services. The industry excludes psychiatric and other specialty hospitals.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
Table of Contents
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- New York-Presbyterian Hospital/Weill Cornell Medical Center
- Montefiore Medical Center
- Mount Sinai Hospital
- Buffalo General Medical Center - Kaleida Health
- New York University
Methodology
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