Structure of the Healthcare Services Industry
The healthcare services industry consists of firms that operate traditional hospitals, inpatient rehabilitation hospitals, and other specialized healthcare facilities. Demand for the group’s services continues to increase as the US population ages and life expectancies rise. Inpatient rehabilitation care is growing at a 2-3% annual rate, while the expansion of patients with end stage renal disease continues at a slightly faster pace. Improvement in clinical practices and pharmacology and reimbursement policies of third-party payors have also impacted hospital utilization/occupancy. We’re neutral on the group.
We have dropped coverage of the Healthcare Services Industry.