Health Care & Social Services

This sector comprises establishments that provide healthcare and social assistance for individuals.

 

Healthcare & Social Services

Output ($b)1 IVA ($b)2 Market Size3 Employment (m)* Wages & Benefits ($m)* EBITDA ($m)4
$340.7 $133.1 4/18 1,226 $43.8 $92.7

Sector Overview

The Health Care and Social Services sector comprises establishments providing health care and social assistance for individuals. The sector includes both health care and social assistance because it is sometimes difficult to distinguish the boundaries of these two activities. The industries in this sector are arranged on a continuum starting with those establishments that provide medical care exclusively, continuing to those that provide health care and social assistance and finally finishing with those that provide only social assistance. The services provided by establishments in this sector are delivered by trained professionals. All industries in the sector share this commonality of process, namely, labor inputs of health practitioners or social workers with the requisite expertise. Many of the industries in the sector are defined based on the educational degree held by the practitioners included in the industry.

Excluded from this sector are aerobic classes in Sector 71, Arts, Entertainment and Recreation and nonmedical diet and weight reducing centers in Sector 81, Other Services. Although these can be viewed as health services, these services are not typically delivered by health practitioners.

LARG Industry Reports

Los Angeles Research Group provides 18 industry reports detailing the Health Care and Social Services sector. Each report contains detailed information on output, employment, enterprises, establishments, assets, liabilities and profitability. LARG’s industry reports also provide in-depth information on market share concentrations, business structure (e.g., corporations, sole-proprietorships, partnerships), key economic indicators, supply chain data, debt ratios and new entrant trends, including survivor rates (i.e., percentage of new businesses that last longer than five years).

In addition to LARG’s standardized report information, LARG’s industry reports in the Health Care and Social Services sector also provide specialized statistics, including detailed information on tax exempt operators, taxable firms, private hospitals and government controlled medical centers. For more information on a particular industry, please click on the appropriate industry below.

Sector Growth5

Sector Cost Structure*

 
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