Navigation Links
Census Bureau: Health Care Industries Showed Modest Growth in Revenue in 2008
Date:12/16/2009

WASHINGTON, Dec. 17 /PRNewswire-USNewswire/ -- Health care sector revenue increased by 5.7 percent in 2008 to $1.75 trillion, up from $1.66 trillion in 2007, according to new data from the U.S. Census Bureau. This sector is classified under the North American Industry Classification System as NAICS 62.

(Logo: http://www.newscom.com/cgi-bin/prnh/20090226/CENSUSLOGO)

These figures come from the 2008 Service Annual Survey: Health Care and Social Assistance, a series of tables which provides estimates of revenue, sources of revenue and expenses for taxable and tax-exempt employer establishments that provide health care and social assistance to individuals.

"In spite of only small increases in some industries over the past year, the health care sector continues to represent a sizable portion of our economy," said Mark Wallace, chief of the Census Bureau's Service Sector Statistics Division. "At $1.75 trillion, this sector made up 30 percent of the service sector in 2008, which itself represented about 55 percent of the economic activity in the United States."

Revenues from community care facilities (NAICS 6233) for the elderly saw modest growth in 2008, reaching $35.5 billion in 2008, an increase of 3.3 percent from 2007, according to new data from the U.S. Census Bureau.

Continuing care retirement communities (NAICS 623311) increased 3.1 percent in 2008 compared with a 9.8 percent increase in 2007. This industry is comprised of establishments primarily engaged in providing residential and personal care services for the elderly and other persons who are unable, or do not desire, to fully care for themselves.

The homes for the elderly industry (NAICS 623312) grew 3.5 percent in 2008. In contrast to community care facilities, homes for the elderly typically include on-site nursing care facilities.

Other residential care facilities (NAICS 6239) remained relatively flat at 1.4 percent in 2008. These include boys' and girls' residential facilities, orphanages, group foster homes, homes for unwed mothers, boot camps for delinquent youth and disabled group homes without nursing care, among others.

As in recent years, Medicaid was the leading source of funding for nursing and residential care facilities (NAICS 623) in 2008, contributing more than $60 billion. Medicare is the leading source of funding for kidney dialysis centers and home health care services.

The social assistance subsector (NAICS 624), which provides a wide variety of social assistance services directly to their clients but does not include residential or accommodation services, increased 6.6 percent in 2008 to $131.9 billion, up from $123.8 billion in 2007.

One of the industries that helped account for the growth in the social assistance subsector was emergency and other relief services (NAICS 62423), which increased 15.7 percent to $8 billion. This is the first increase in revenue for this industry since 2005.

The industries in the health care and social assistance sector are arranged on a continuum starting with those establishments providing medical care exclusively, continuing with those providing health care and social assistance, and finishing with those providing only social assistance. The sector includes both health care and social assistance because it is sometimes difficult to distinguish between the boundaries of these two activities.

All industries in the sector share the commonality of process -- labor inputs of health practitioners or social workers with requisite expertise, i.e., trained professionals. Many of the industries in the sector are defined based on the educational degree held by the practitioners included in the industry.

The estimates provided in this release are based on data from the 2008 Service Annual Survey, which use the 2002 North American Industry Classification System and apply only to employer firms. Estimates contain sampling and nonsampling errors. Some estimates may be suppressed to keep the identity of an individual firm confidential. For measures of sampling variability and other survey information, see http://www.census.gov/services/sas/cv.html.

Editor's note: The data can be accessed at http://www.census.gov/services/sas_data.html.

SOURCE U.S. Census Bureau


'/>"/>
SOURCE U.S. Census Bureau
Copyright©2009 PR Newswire.
All rights reserved

Related medicine news :

1. Census Bureau Tip Sheet
2. U.S. Census Bureau Daily Feature for September 29
3. U.S. Census Bureau Daily Feature for December 26
4. U.S. Census Bureau Black History Month Daily Feature for February 27
5. U.S. Census Bureau Daily Feature for March 15
6. Number of Uninsured Decreased in 2007 But Census Report Shows Growing Health Coverage Problems
7. Catholic Health Association Responds to Census Figures on the Uninsured: Important Not to Be Misled By Declining Uninsured - These Are Not Todays Numbers
8. Park Avenue Nursing and Rehabilitation Center Selects PatientPlacement.com Web-based Long-Term Care Software to Automate Admissions and Boost Census Performance
9. SilverCensus.com Launches National Website for Caregivers, Senior Citizens, Healthcare Professionals
10. SilverCensus.com Names Consumer Affairs Advocate, Healthcare Experts to Provide Free Educational Support for Seniors
11. Little-Known VA Care Entitlement for Veterans Highlighted by SilverCensus.com
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:4/29/2016)... ... , ... Mobility Designed is redefining mobility with their patent pending crutch ... evenly distributes body weight from the elbow to the forearm. In consumer tests, ... with other crutches. , Co-founders Max and Liliana Younger were inspired to design the ...
(Date:4/29/2016)... ... April 29, 2016 , ... ... Association (CCA), is pleased to announce the launch of the GFCP Scoop ... recipes, and more. The purpose of the GFCP Scoop site is ...
(Date:4/29/2016)... ... April 29, 2016 , ... Dr. Robert Mondavi, one of the ... smiles. Cosmetic dentistry is a fast-growing field as more patients are discovering the many ... learn more about the options currently available to them and which ones might work ...
(Date:4/29/2016)... ... April 29, 2016 , ... Reltok Nasal Products proudly ... for the head and neck/ear, nose and throat specialty, has added the KOTLER NASAL ... KOTLER NASAL AIRWAY™ is a newly patented safety device secured by nasal surgeons ...
(Date:4/29/2016)... ... 2016 , ... Jvion, the market leader in clinical predictive ... Partners, with participation from existing investor Martin Ventures. The funds will be ... and product roadmap. , “Jvion is experiencing significant growth and we ...
Breaking Medicine News(10 mins):
(Date:4/29/2016)... , April 29, 2016 ... H1 2016" market research report that provides an ... comparative analysis at various stages, therapeutics assessment by ... administration (RoA) and molecule type, along with latest ... also reviews key players involved in the therapeutic ...
(Date:4/28/2016)... 28, 2016   Click here for supplemental ... (NYSE: DPLO), the nation,s largest independent specialty pharmacy, ... agreement to acquire Valley Campus Pharmacy, Inc., doing ... leading specialty pharmacy that provides individualized patient care, ... . In 2015, TNH generated approximately $400 million ...
(Date:4/28/2016)... 28, 2016  The blood testing market in ... to Kalorama Information and The Freedonia Group in a ... acid testing.  The healthcare research firm said that ... blood collection stations and in improving testing at the ... report, Blood Testing Market in China ...
Breaking Medicine Technology: