SOURCE: Rothman Research
JOHANNESBURG, SOUTH AFRICA–(Marketwire – July 2, 2010) – www.rothmanresearch.com — Healthcare spending in the U.S. accounts for close to 16% of the nation’s GDP and according to estimate of every dollar disbursed on health care 31% is allocated to hospital care. There are over 6000 hospitals, government or privately administered, scattered throughout the U.S. territories, employing over 4.5 million workers and generating an overall yearly revenue of about $700 billion. Accounting for almost 2% of the market, Community Health Systems Inc. (
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A major milestone in the industry which also impacted the whole of the healthcare sector was achieved in March 2010 when the healthcare reforms were passed as law. With this new law additional patients in their millions (between 31 to 32 millions) will now be covered by health insurance. The Patient Protection and Affordable Care Act also encourage healthcare institutions to start the creation of a universal database of electronic medical records. Mercy Health Systems is amongst those which have already started experimenting with this new system.
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Hospitals in the U.S. are very close to the monopoly concept, and one of the key reasons why hospital operators like Health Management Associates Inc. (
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