Strategies based on healthcare market trends include increased adoption of bundled payments, use of digital tools, increased cross-industry and cross-company collaborations, focus on new drug development, and adoption of hybrid imaging technology. The raw NES data comes from the Internal Revenue Service and covers approximately 450 industries at the national, state, county and metropolitan statistical area levels. Healthcare is one such industry that has changed dramatically and has transformed 360 degrees from what it was a few years earlier. Strategies adopted by players in the healthcare industry include acquiring companies in similar sectors to expand their presence and focus on providing quality products and services.
The global healthcare industry is one of the largest industries serving the medical needs of billions of people worldwide. To take advantage of these opportunities, the author recommends that healthcare companies collaborate across verticals and industries to deliver value-based healthcare, focus on new drug development, adopt cloud-based electronic health records, and expand into emerging markets, among other strategies. CBP provides detailed information on the number of establishments, total employment, first quarter payroll and annual payroll in more than 1,200 industries at the national, state, metropolitan and micropolitan statistical area, county, congressional district and combined statistical area (CSA) levels.