Total economic impact of community hospitals in the U.S. 2009-2020
Hospitals and the U.S. economy
Hospital expenditures in the United States have risen from about 680 billion U.S. dollars in 2009 to over 800 billion U.S. dollars in 2014. During this time, hospital payrolls and benefits have also increased from 337 billion U.S. dollars to 392 billion U.S. dollars. In 2014, the effect of hospital expenditures from the hospitals in Michigan totaled 57.7 billion U.S. dollar in outputs for the state’s economy.
Community hospitals are not part of a university, health systems, or chains within private hospitals. Larger hospital systems and medical centers are becoming more common as they tend to generate larger revenues and offer a broader spectrum of services. However, community hospitals have the advantage of developing more effective care models that are centralized around the community that they serve. Their small sizes also allows for easier and quicker redesigns when necessary to meet patient needs.
Community hospitals in the country have seen an increase in the total number of admissions from 31.6 million people in 1997 to 33.1 million people in 2014. In the same year, the average stay at a community hospital cost about 12,000 U.S. dollars.