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US Census Bureau News Release

FOR IMMEDIATE RELEASE
TUESDAY, DECEMBER 16, 2003

   
Patricia Buscher CB03-195
Public Information Office  
(301) 763-3030/457-3670 (fax)  
(301) 457-1037 (TDD)  
e-mail: pio@census.gov  
   
Hospital, Physician and Other Health and Social Assistance Revenues
Reach $1.2 Trillion in 2002
   
The nation’s health care and social assistance sector registered an 8 percent increase in revenues last year for a total of $1.2 trillion, up from $1.1 trillion in 2001, the U.S. Census Bureau said today.

Health care and social assistance (both employer and nonemployer firms) include hospitals, physicians’ offices, child and youth services, and services for the elderly and persons with disabilities.

The report, 2002 Service Annual Survey: Health Care and Social Assistance Services, shows hospital (employer firms) revenues reached $507 billion in 2002, an increase of 10 percent from 2001. (See Figure A.)

The major sources of payments to hospitals in 2002 were private insurance at $188 billion, up 11 percent; Medicare at $163 billion, up 10 percent; and Medicaid, $61 billion, up 8 percent. (See Figure B for distribution of payments to hospitals.)

Revenues of physicians’ offices (employer firms) reached $236 billion in 2002, an increase of 8 percent.

Major sources of revenues for physicians’ offices were private insurance ($115 billion, up 9 percent), Medicare ($57 billion, up 8 percent), and Medicaid ($17 billion, up 13 percent). (See Figure C for distribution of revenues of physicians’ offices.)

Estimates contain sampling and nonsampling errors. To keep the identity of individual firms confidential, some estimates may be suppressed. Users who make their own estimates, based on the survey estimates, should cite the U.S. Census Bureau as the source of the original estimates only. See <http://www.census.gov/econ/www/servmenu.html> for measures of sampling variability and other survey information.

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Figure A - Total Hospital Revenues, 1998 - 2002

Figure A - Total Hospital Revenues, 1998 - 2002
Source: U.S. Census Bureau
Note: May not add to 100 percent due to rounding

Figure B - Hospital Revenue Sources

Figure B - Hospital Revenue Sources
Source: U.S. Census Bureau
Note: May not add to 100 percent due to rounding

Figure C - Physician' Offices Revenue Sources

Figure C - Physician' Offices Revenue Sources
Source: U.S. Census Bureau
Note: May not add to 100 percent due to rounding

 
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Source: U.S. Census Bureau | Public Information Office |  Last Revised: November 17, 2008