Revenue for Health Care and Social Assistance Grew in 1999 - Brief Article - Statistical Data Included

Healthcare Financial Management, April, 2001

Revenues for the nation's healthcare and social assistance industries increased more than 4 percent between 1998 and 1999, from $964 billion to $1.01 trillion, the U.S. Census Bureau reported on February 7. Tabulations for both employer and nonemployer firms show revenues for physicians' offices increased 5 percent, to $202 billion; dentists' offices, up 6 percent, to $56 billion; and hospitals, up 4 percent, to $413 billion. Ninety-seven percent, or $971 billion, of health service revenues in 1999 were recorded by employer firms. In 1998, employer firms reported $932 billion in revenues. Below is a breakdown of major sources of revenue for 1999 among physician offices and hospitals that qualify as employer firms.

Physician offices:

* Private insurance--$90 billion, or 47 percent of total employer revenue;

* Medicare--$45 billion, or 25 percent;

* Patient out-of-pocket payments--$21 billion, or 11 percent; and

* Medicaid--$13 billion, or 7 percent.

Hospitals:

* Private insurance payment--$143 billion, or 35 percent of total employer revenue;

* Medicare--$134 billion, or 33 percent; and

* Medicaid--$50 billion, or 12 percent.

The tabulations were included in the Census Bureau's report 1999 Service Annual Survery: Health Care and Social Assistance Services, which is available at http://www.census.gov/svsd/www/sas62.html.>

COPYRIGHT 2001 Healthcare Financial Management Association

COPYRIGHT 2001 Gale Group