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Healthcare and Social Services

Healthcare and social services encompass hospital medical care, outpatient care provided by physicians, urgent care, elderly and hospice care, dental work, and social assistance. About 75 percent of U.S. hospitals in this industry sector are not-for-profit institutions. The Affordable Care Act of 2010 (ACA), making health coverage available to all Americans, is significantly changing how medical care is acquired, delivered, and paid for in the United States. New regulatory requirements require hospitals to decrease their hospital readmission rates to cut Medicare costs or face financial penalties. Implementation of electronic health records (EHRs) are expected to help control costs through efficiency. Cost containment is a priority for healthcare organizations. 

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