This article provides insightful industry analysis and research into the general medical and surgical hospitals industry. This article contains the definition, key industry products, and activities and discusses in brief major industry trends.
This industry comprises establishments known and licensed as general medical and surgical hospitals primarily engaged in providing diagnostic and medical treatment (both surgical and nonsurgical) to inpatients with any of a wide variety of medical conditions. These establishments maintain inpatient beds and usually provide other services such as outpatient services, operating room services, pharmacy services, and food services. The Hospital industry includes firms licensed as general medical and surgical hospitals that provide surgical and nonsurgical diagnostic and medical treatment to inpatients with medical conditions. These establishments usually provide other services, such as outpatient services, anatomical pathology services, diagnostic X-ray services, clinical laboratory services, operating room services for a variety of procedures, and pharmacy services.
General and surgical hospitals are generally categorized as nonprofit, profit-making, and both state and local government establishments. Hospitals receive their revenues from different sources for the services they provide to patients. Hospital expenses are affected by the legislation, costs of medical technology, and trends in medical practice. Hospitals are structured around an administrative staff that oversees nursing and administrative functions and separately operates medical staff and ancillary services, such as a pharmacy and the services of various therapists.
Given below is a non-exhaustive list of products offered by the General Medical and Surgical Hospitals industry:
The major activities performed by this healthcare industry segment:
Hospitals occupy an important place in the world's healthcare system, providing personal care for people with acute illness. The industry has a low level of capital intensity and the overall hospital industry is in stable condition and current healthcare reforms will further enable growth for the industry. Hospitals will benefit from the increasing demand for healthcare among a growing customer base and rising and aging population. The current challenges include providing quality patient care keeping track of rising costs and strong competition for patients. Increasing labor and professional costs are constraining profit on one side and hospitals need to compete for healthcare talent on the other side due to a shortage of qualified medical professionals. Labor costs account for between 40% and 70% of total recurrent expenditure in hospitals. The General Hospitals industry in developing countries is growing at a stable rate in recent years, due to a large population base and rapid GDP growth.
Given below are key drivers and challenges for the general medical and surgery industry:
This article provides insightful industry analysis and research into the psychiatric hospital industry. This article discusses the definition, key industry products, and activities along with major industry trends. Understand the revenue model, a brief history of trends during the current century, and key challenges currently being faced by the psychiatric hospital industry.
Hospices & Palliative Care Centers
This article provides insightful industry analysis and research into the Hospices & Palliative Care Centers industry. This article discusses the definition, key industry products, and activities along with major industry trends. Understand the revenue model, a brief history of trends during the current century, and key challenges currently being faced by the Hospices & Palliative Care Centers industry.
This article provides insightful industry analysis and research into the In-Home Senior Care industry. This article discusses the definition, key industry products, and activities along with major industry trends. Understand the revenue model, a brief history of trends during the current century, and key challenges currently being faced by the In-Home Senior Care industry.
This article briefly describes what we mean by the term hospitals; classify them based on their funding and on the basis of services offered by them. Get an understanding of various departments in hospitals and get an introduction to various types of hospitals including General Medical & Surgical Hospitals, Specialty Hospitals, Teaching Hospitals, Clinics, Psychiatric Hospitals, Family Planning & Abortion Clinics, Hospices & Palliative Care Centers, Emergency & Other Outpatient Care Centers, Sleep Disorder Clinics, etc.
History of Healthcare Industry
This article provides a short history of healthcare industry and discusses major world events that impacted and shaped the healthcare industry as it stands today. This article briefly traces global healthcare history from ancient times to the colonial era to the modern-day. This article also discusses various ideologies that have dictated the path of global health and set the trend towards globalization of the healthcare sector.
Overview of Healthcare Industry
The health care industry, or medical industry, is a sector that provides goods and services to treat patients with curative, preventive, rehabilitative, or palliative care. The modern health care sector is divided into many sub-sectors and depends on interdisciplinary teams of trained professionals and paraprofessionals to meet the health needs of individuals and populations. This article provides an overview of the medical industry.
This article provides insightful industry analysis and research into the Blood & Organ Banks industry. This article discusses the definition, key industry products, and activities along with major industry trends. Understand the revenue model, a brief history of trends during the current century, and key challenges currently being faced by the Blood & Organ Banks industry.
Emergency & Other Outpatient Care Centers
This article provides insightful industry analysis and research into the Emergency & Other Outpatient Care Centers industry. This article discusses the definition, key industry products, and activities along with major industry trends. Understand the revenue model, a brief history of trends during the current century, and key challenges currently being faced by the Emergency & Other Outpatient Care Centers industry.
This article provides insightful industry analysis and research into the Dental Laboratories industry. This article discusses the definition, key industry products, and activities along with major industry trends. Understand the revenue model, a brief history of trends during the current century, and key challenges currently being faced by the Dental Laboratories industry.
Healthcare Systems – Public , Private and Mixed
This article explains the concept of health systems and their importance and funding practices. It helps the reader to understand public, private, and mixed health systems and their significance and roles in catering to any nation’s healthcare requirements.
© 2023 TechnoFunc, All Rights Reserved