Expenses for Nursing Care Facilities (Skilled Nursing Facilities), All Establishments, Employer Firms
NCFNFEAEEF36231 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
135,379.00
Year-over-Year Change
38.77%
Date Range
1/1/2003 - 1/1/2022
Summary
This economic trend measures expenses for nursing care facilities, including skilled nursing facilities, across all employer firms in the United States. It provides insight into the cost of long-term care services, an important factor for policymakers and healthcare analysts.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Expenses for Nursing Care Facilities (Skilled Nursing Facilities), All Establishments, Employer Firms trend tracks the total operating expenses incurred by nursing care facilities, including both for-profit and non-profit establishments. This data is used to analyze the financial health and cost dynamics of the long-term care industry.
Methodology
The data is collected through surveys of nursing care facilities by the U.S. Census Bureau.
Historical Context
This trend is relevant for policymakers, healthcare economists, and investors analyzing the long-term care sector.
Key Facts
- Nursing care facilities are a major component of the U.S. healthcare system.
- Expenses for these facilities have risen steadily over the past decade.
- The long-term care industry faces significant cost pressures and regulatory challenges.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total operating expenses incurred by nursing care facilities, including skilled nursing facilities, across all employer firms in the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the cost dynamics of the long-term care industry, which is crucial for policymakers, healthcare economists, and investors analyzing the financial health and sustainability of the sector.
Q: How is this data collected or calculated?
A: The data is collected through surveys of nursing care facilities conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and regulators use this trend to understand the cost pressures facing the long-term care industry and inform policy decisions related to healthcare spending, Medicare/Medicaid reimbursement, and industry regulations.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of several months, so there may be delays in accessing the most recent information. Additionally, the survey-based nature of the data collection may introduce some limitations in terms of sample size and reporting accuracy.
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Citation
U.S. Federal Reserve, Expenses for Nursing Care Facilities (Skilled Nursing Facilities), All Establishments, Employer Firms (NCFNFEAEEF36231), retrieved from FRED.