U.S. Census Bureau
U.S. Department of Commerce News 
                               FOR IMMEDIATE RELEASE
                              FRIDAY, JANUARY 10, 2003
                                
                                                          
Patricia Buscher                                 CB03-08
Public Information Office
(301) 763-3030/457-3670 (fax)
(301) 457-1037 (TDD)                                   
e-mail: pio@census.gov                           Quotes & radio sound bites


                    Revenues of Health Care and Social Assistance 
                             Services Increase 8 Percent
                                
  Revenues of the nation's health care and social assistance firms,
including hospitals, physicians' offices, child and youth services, and
services for the elderly and disabled, totaled $1.15 trillion in 2001 the
Commerce Department's Census Bureau reported today. This was an increase
of 8 percent over 2000.

  "Hospital revenues grew to $462 billion in 2001, an increase of more
than $30 billion," said Census Bureau analyst Jennifer Thorne. "This
represents an increase of about 7 percent over the previous year."

 Tables from the 2001 Service Annual Survey: Health Care and Social
Assistance Services showed major sources of payments to hospitals as follows:

                           Revenues             Change
 Hospitals                 in 2001          2000 - 2001
  
Private insurance         $170 billion          9.5%
Medicare                    48 billion          6.5%
Medicaid                    56 billion          7.4%

 The Census Bureau data show that revenues of physicians' offices were
$219 billion (employer firms only). Major sources of revenues for
physicians' offices were:

                                    Revenues           Change
 Physicians' Offices                in 2001          2000 - 2001

Private insurance                  $106 billion          8.9%
Medicare                             53 billion          8.8%
Patient "out-of-pocket" payments     24 billion          3.3%
Medicaid                             15 billion          8.7%
  
  Estimates found in the report's tables are based on data from the 2001
Service Annual Survey and administrative records. To maintain
confidentiality, no estimates are published that would disclose the
operations of an individual firm. The total error of an estimate may be
comprised of sampling error and nonsampling error. Individuals who use
Service Annual Survey estimates to create new estimates should cite the
Census Bureau as the source of the original estimates only. For additional
information on the Service Annual Survey see 
http://www.census.gov/econ/www/servmenu.html.


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Source: U.S. Census Bureau
Public Information Office
(301) 763-3030
Last Revised: January 10, 2003 at 09:40:12 AM

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