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Healthcare Industry NAICS CODE 622110. Health Care History  Organized medicine took shape dating back to 1900s  Franklin D. Roosevelt approved public.

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Presentation on theme: "Healthcare Industry NAICS CODE 622110. Health Care History  Organized medicine took shape dating back to 1900s  Franklin D. Roosevelt approved public."— Presentation transcript:

1 Healthcare Industry NAICS CODE 622110

2 Health Care History  Organized medicine took shape dating back to 1900s  Franklin D. Roosevelt approved public healthcare programs  Hospital and Physicians began their own insurance plans  First insurance plan – Blue Cross  Congress approved third party insurers to extend medical plans

3 Affordable Care Act THE UNIVERSAL PLAN WAS PASSED BY CONGRESS AND SIGNED INTO LAW BY PRESIDENT BARACK OBAMA ON MARCH 23, 2010.

4 REVENUE SALES ESTIMATE OF TWO TRILLION DOLLARS ANNUAL

5 HEALTH CARE INDUSTRY STATISTICS NUMBER OF HEALTHCARE COMPANIES IN US - 760K NUMBER OF HEALTHCARE EMPLOYEES - 16 MILLION AVERAGE HEALTHCARE EMPLOYEE SALARY – 40K

6 Health Care Industry Sales Statistics Care Patient Care – 64% Skilled Nursing Services – 4.49 Dental – 2.98% Contributions Gifts, Grants by government 2.69% Appropriations from general gov’t 2.42% Other 23.36%

7 Competitive Insurance Companies  Kaiser Permanente  Humana  Blue Cross Blue Shield  United Healthcare

8 Common Insurance Plans HMO Health Management Organization :  Require to select PCP (primary care physician)  Referral to see specialist  Premiums are lower / usually no deductible PPO Preferred Provider Organization :  Can visit specialist without referral  Visit hospital and doctors out of network; without being penalized  Premiums tend to be higher Essential Essential Health Benefits Basic Coverage  Preventative & Wellness  Ambulatory Services  Emergency Services  Hospitalization  Mental Health

9 States with most healthcare companies  California ~ 97,228  Texas ~ 54,991  New York ~ 53,948  Florida ~ 51,679  Pennsylvania ~ 35,156  Illinois ~ 31,062  Ohio ~ 27,965  New Jersey ~ 25,777

10 Health Care Cost Statistics Average cost of healthcare: Single Coverage Family Coverage 5,61515,745 Average cost to employee1,225 4,316 enrolled in company plan:

11 Healthcare is Essential!


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