The healthcare industry in the United States is growing rapidly to offer world-class facilities to patients. If you’re planning to invest or work in this industry, check out these US Healthcare statistics.
General US Healthcare Statistics
The USA has the best healthcare firms, and they spend substantial amounts on improving their services constantly.
US Healthcare Industry Employment Statistics
The majority of US citizens depend upon the healthcare industry for employment.
- Almost 12% of American adults work in the healthcare industry.
- The industry boasts an annual payroll of more than $1.0 trillion.
- The average employee salary is around $60,976.
- Approximately 1 in every 8 US citizens works in healthcare.
- Employment in this sector can increase by 15% by 2029.
- The average healthcare employee salary is 762% higher than the national average.
Healthcare Industry Service Revenue Statistics
The US healthcare service revenue comes from multiple sources involving several departments.
- 64% of the service revenue comes from patient care.
- In-patient rehabilitation and skilled nursing generate $74.8 billion.
- Non-surgical dental generates around $49.6 billion.
- $44.9 billion is the amount generated through government contributions and grants.
- General government appropriations amount to almost $40.2 billion.
- Other revenue streams generate approximately $389 billion.
Healthcare Sector Statistics
Some of the most popular US healthcare sectors include health insurance, pharmaceuticals, healthcare administration, and healthcare marketing.
- The healthcare administrative sector contributes 8% of the GDP.
- The healthcare sector spending goes to services like hospital care, physician services, retail drugs, nursing facilities, and health/residential/personal care services.
- Healthcare IT is expected to earn $27.9 billion in profits, and pharmacies will earn $18.9 billion.
- The Health Care and Social Assistance has around 20 million employees.
- There are more than 2 million open vacancies every year in this sector.
- Growth in all sectors will be so swift that there might be 122,000 unfilled vacancies for physicians.
Healthcare Industry Trends for 2022 and Beyond
As US citizens consider their healthcare industry very expensive, only technology might help them reduce costs. It will also help in medical data management and validation.
- Heart valve disorder treatments might be the most expensive, around $41,878
- Healthcare facilities might spend around $33.41 billion or more on electronic health records.
- The use of wearables and connected IoT-based devices can help reduce expenses by $100 billion every year.
- 5G networks can help control expenses, and their expenditure can reach $94 billion by 2030.
- Digital Therapeutics can treat chronic conditions efficiently and might reach a global share of $56 billion.
- 94% of doctors believe that data interoperability will help treat high-risk patients and improve treatment outcomes.
So, healthcare providers are utilizing cloud-based technologies and data to reduce out-of-pocket expenses for patients.
