Hospital Industry Statistics

In this post, we explore key statistics and trends in the hospital industry in the United States, shedding light on aspects such as industry growth projections, hospital expenditure, workforce size, insurance coverage, and more. From the rising costs of hospital care to the prevalence of non-profit hospitals, these statistics provide a comprehensive overview of the dynamics shaping the healthcare landscape.

Statistic 1

"The healthcare industry in the U.S. is projected to increase at a compound annual growth rate (CAGR) of 5% from around $1.76 trillion in 2019 to nearly $2.44 trillion by 2028."

Statistic 2

"As of 2019, there were 6,090 hospitals in the U.S."

Statistic 3

"In 2018, hospital care expenditure in the United States amounted to approximately 1.2 trillion U.S. dollars."

Statistic 4

"The number of all hospital beds in the U.S. amounted to around 919,559 in 2019."

Statistic 5

"Approximately 36.1% of all U.S. community hospitals are non-profit."

Statistic 6

"In U.S., hospitals have witnessed a year-over-year inflation rate of 1.7% in 2019, compared to an inflation rate of 2.5% for the overall economy."

Statistic 7

"In 2019, over 5 million employees worked in U.S. hospitals."

Statistic 8

"In 2019, the average cost per hospital stay was $11,700."

Statistic 9

"In 2018, the largest hospital system by the number of beds in the U.S. was HCA Healthcare with over 50,000 beds."

Statistic 10

"In 2018, about 27.5 million people in U.S. didn't have health insurance at any point during the year."

Statistic 11

"Medicare and Medicaid cover more than ⅓ of Americans."

Statistic 12

"In 2020, the hospital discharge rate in the United States was approximately 113.7 discharges per 1,000 population."

Statistic 13

"In 2019, hospital mergers and acquisitions led to 92 transactions."

Statistic 14

"About 14.4 % of total hospital costs were uncompensated into 2018."

Statistic 15

"The average hospital stay in U.S. costs approximately $10,700 in 2018."

Statistic 16

"Net hospital care revenues in the United States amounted to 1.16 trillion U.S. dollars in 2019."

The statistics presented reveal significant insights into the dynamics of the U.S. hospital industry. The industry is poised for steady growth, with projections indicating a compound annual growth rate of 5% through 2028. Despite this growth, challenges such as rising inflation rates and uncompensated hospital costs persist. The high number of hospitals and hospital beds in the U.S., coupled with a substantial workforce employed in the sector, underscore the industry’s importance. Hospital mergers and acquisitions are on the rise, indicating a trend towards consolidation. Additionally, disparities in health insurance coverage and high hospital stay costs highlight the ongoing need for addressing healthcare accessibility and affordability issues in the United States.