What is National Healthcare Supplies Expense Percentage of Revenue %?
Supplies Expense is one of the major costs of healthcare businesses. A lower percentage of supplies expense of revenue is better if the service quality is guaranteed.
The historical rank and industry rank for National Healthcare's Supplies Expense Percentage of Revenue % or its related term are showing as below:
NHC's Supplies Expense Percentage of Revenue % is not ranked *
in the Healthcare Providers & Services industry.
Industry Median: * Ranked among companies with meaningful Supplies Expense Percentage of Revenue % only.
National Healthcare Supplies Expense Percentage of Revenue % Historical Data
The historical data trend for National Healthcare's Supplies Expense Percentage of Revenue % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
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National Healthcare Supplies Expense Percentage of Revenue % Chart
Competitive Comparison of National Healthcare's Supplies Expense Percentage of Revenue %
For the Medical Care Facilities subindustry, National Healthcare's Supplies Expense Percentage of Revenue %, along with its competitors' market caps and Supplies Expense Percentage of Revenue % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
National Healthcare (AMEX:NHC) Supplies Expense Percentage of Revenue % Explanation
For health care businesses, supplies make up a significant percentage of expenses. Supply expenses average 15% of total hospital expenses, with the middle 50% of hospitals ranging from 9% to 19%. These are highly relevant costs. The numbers range substantially by hospital specialty, correlating strongly with the case mix index.
Clearly, managing such a large and diverse category of expenses is important for hospitals. Yet supply chains in health care are both complex and fragmented and complex, commonly lagging well behind other industries in how effectively they are managed.
National Healthcare Supplies Expense Percentage of Revenue % Related Terms
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National Healthcare (National Healthcare) Business Description
National Healthcare Corp Provides long-term care facilities. Its principal business includes the operation of skilled nursing facilities, assisted living facilities, independent living facilities, and home care programs. The company's activities include providing sub-acute and post-acute skilled nursing care, intermediate nursing care, rehabilitative care, memory and Alzheimer's care, senior living services, and home health care services. In addition, the company also provides management services, accounting, and financial services, as well as insurance services to third-party operators of healthcare facilities. Its reportable segments include Inpatient services, and Home care hospice services. Generating, a majority of its revenue from Inpatient services.
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