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:
| Hospitals | Revenues in 2001 | Change 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:
| Physicians' Offices | Revenues in 2001 | Change 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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