Value added by nursing and residential care facilities 1998-2017

Value added by nursing and residential care facilities in the U.S. from 1998 to 2017 (in million U.S. dollars)

by John Elflein, last edited Nov 13, 2018
Value added by nursing and residential care facilities 1998-2017 This statistic shows the value added by hospitals and nursing and residential care facilities in the United States from 1998 to 2017. In 1998, the value added by these facilities came to approximately 61 billion U.S. dollars.
U.S. nursing and residential care facilities

Value added by nursing and residential care facilities in the United States has steadily risen in the last decade. In 2002, value added totaled nearly 81 billion U.S. dollars and reached 146 billion U.S. dollars in 2017. Along with increasing added value, employment within these facilities has also increased. In 2002, approximately 2.8 million people were employed in these facilities in the United States, by 2015, the total reached 3.32 million people. This sector has been defined through the North American Industry Classification System as a significant part of production processes. Health care provided by these facilities is a combination of health and social services.

Nursing and residential care facilities’ revenues in the country were predicted also to rise. In 2008, their revenue totaled 177.5 billion U.S. dollars and is projected to reach 247.9 billion U.S. dollars by 2018. Nursing homes in the United States can be quite expensive. A private room in Connecticut is one of the most expensive in the country, reaching a median of nearly 165,000 U.S. dollars per year. However, there are other cheaper options as well for nursing and residential care facilities.
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Value added by nursing and residential care facilities in the U.S. from 1998 to 2017 (in million U.S. dollars)

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