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Healthcare Industry Facts > healthcare_qa_pairs > Flashcards

healthcare_qa_pairs Flashcards

1
Q

What is the revenue of the US healthcare industry?

A

$4.5 trillion

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2
Q

What percentage of the GDP is contributed by US healthcare?

A

17.3% of GDP

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3
Q

How many Americans are employed in healthcare?

A

17.8 million

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4
Q

What was the contribution of healthcare delivery to the growth of the US economy between 2001-2016?

A

9% of the $8.1 trillion growth

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5
Q

How many new workers were added to healthcare over the past 20 years?

A

Over 4 million

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6
Q

What is the market cap of the top 7 publicly traded managed care companies?

A

Combined $1 trillion

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7
Q

How many Americans are covered by the Blue Cross Blue Shield universe?

A

114 million Americans

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8
Q

What is the collective control of the top 100 health system CEOs over the hospital sector?

A

Over $900 billion of the entire $1.4 trillion hospital sector

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9
Q

How much has healthcare costs per person increased from 1970 to today?

A

From $353 per person in 1970 to over $13,000 today

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10
Q

How much data does the average hospital produce annually?

A

50 petabytes

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11
Q

What is the estimated annual growth rate of healthcare data?

A

36% per year

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12
Q

What is the estimated productivity improvement opportunity within healthcare, according to McKinsey?

A

$1 trillion

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13
Q

What percentage of US GDP is the health system sector?

A

6%

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14
Q

How many people are employed nationally in health systems?

A

5.8 million

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15
Q

How much has the number of healthcare administrators increased in the past 50 years?

A

3200%

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16
Q

What is the revenue of the hospital sector in the US?

A

$1.4 trillion

17
Q

What is the average age of the CEOs of the top 100 health systems?

A

62 years

18
Q

What is the average tenure of these CEOs?

A

3.9 years

19
Q

What percentage of hospitals were under full capitation a decade ago?

A

1.3%

20
Q

What is the current percentage of hospitals under full capitation?

A

Roughly the same as a decade ago

21
Q

How many ‘payviders’ are there in the US?

A

A dozen

22
Q

What is the percentage of GDP represented by hospitals?

A

6% of GDP

23
Q

How much has healthcare spending increased since ACOs were introduced?

A

$5.6 trillion

24
Q

What was the savings generated since ACOs were introduced?

A

$5.6 billion

25
Q

How many health systems are controlled by the CEOs of the top 100 health systems?

A

The entire $1.4 trillion hospital sector

Healthcare Industry Facts (3 decks)

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