High Regulation and More Patient Visits will Spur Demand for Medical Waste Disposal

Los Angeles, California (PRWEB) November 02, 2011

Medical waste generation is expected to continue growing steadily over the five years to 2016, according to IBISWorld, the nation?s largest publisher of industry research. Insurance coverage for low-income individuals will likely expand through the 2010 Patient Protection and Affordable Care Act (PPACA) and the aging US population will become Medicare eligible, resulting in increased patient visits to healthcare facilities. While this Act became effective in 2011, most of its effects will be felt during the next five years where revenue for the Medical Waste Disposal Services industry is forecast to grow to $ 3.0 billion. For this reason, industry research firm IBISWorld has added a report on the Medical Waste Disposal Services Industry to its growing Healthcare Services report collection.

US medical facilities are expected to generate about 5.6 million tons of medical waste in 2011. However, because of public safety concerns, most medical waste cannot be directly disposed of in landfills along with municipal solid waste. A growing number of laws and regulations govern the disposal of regulated medical waste (RMW), which is defined as waste that may be contaminated by blood, body fluids or other potentially infectious materials. As a result of increased regulation, most small quantity RMW-generating facilities outsource disposal activities in order to comply. While some large quantity generators (e.g. hospitals) dispose of their own waste at in-house incinerators, outsourced services represent another large market for the Medical Waste Disposal Services industry.

According to IBISWorld analyst, Brian Bueno, the number of patient visits in the healthcare sector has risen, and healthcare providers are outsourcing more disposal services to reduce costs, driving industry demand. ?While the recession softened demand for health services as insurance coverage declined, the aging of the US population has created robust demand from individuals with Medicare coverage,? says Bueno. ?Additionally, slimming margins for the Hospitals industry has forced many to outsource waste disposal activities that were previously done in-house.? Because of strong downstream demand, the industry remained relatively unscathed during the economic downturn, which cut revenue by just 1.2% in 2008.

The Medical Waste Disposal Services Industry is highly competitive, geographically fragmented and characterized by consolidation. The largest industry player, Stericycle has aggressively acquired small operators to expand its reach among the growing small quantity generator market (e.g. outpatient clinics and dental offices). Stericycle is the largest regulated medical waste management company in the United States, and it has significant operations overseas. US Ecology Inc. is another major player in the Medical Waste Disposal Services Industry. The company offers its services to a variety of markets, including refineries, chemical production facilities, manufacturers and medical institutions. Firms compete with a large number of regional and local waste collection firms and the in-house operations of some hospitals, which include firms like Waste Management Inc. and Healthcare Waste Solutions Inc. Rising waste generation and healthcare regulation is anticipated to create further opportunities for new entrants over the next five years, driving demand growth.

BISWorld?s Medical Waste Disposal Services market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

For more information, download the full report from IBISWorld on the Medical Waste Disposal Services Industry

IBISWorld Industry Market Research Reports Contain:

About this Industry

Industry Definition

Main Activities

Similar Industries

Additional Resources

Industry at a Glance

Industry Performance

Executive Summary

Key External Drivers

Current Performance

Industry Outlook

Industry Life Cycle

Products & Markets

Supply Chain

Products & Services

Major Markets

Globalisation & Trade

Business Locations

Competitive Landscape

Market Share Concentration

Key Success Factors

Cost Structure Benchmarks

Barriers to Entry

Major Companies

Operating Conditions

Capital Intensity

Key Statistics

Industry Data

Annual Change

Key Ratios

Jargon & Glossary

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About IBISWorld Inc.

Recognized as the nation?s most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on every US industry. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. Headquartered in Los Angeles, IBISWorld serves a range of business, professional service and government organizations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.com or call 1-800-330-3772.

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Flexible Spending Accounts Being Determined Now Important Coverage Tips Provided by Dr. Sandy T. Feldman of Clearview Eye & Laser Medical Center

San Diego, CA (PRWEB) November 03, 2011

According to many reports, the time of year is here when employees elect to put money into their employer sponsored flexible spending accounts [FSA?s] for 2012 or decide how to use the remaining money on in 2011. Today, about 85% of large employers have FSA?s for their employees. President Obama?s health care reform has made some important changes to 2013 FSA plans allowable expenses and the amount individuals can contribute.

In anticipation of meeting the October 31 signup deadline for many employer sponsored plans beginning January 1st the following year, patients go to their doctors to determine whether they might be good candidates for contact lenses, LASIK or dental procedures. Employees want to know before they elect to have money taken pretax out of their paychecks they can use for medical expenses. The use of FSA money enables savings of between 20-50% by paying with pretax dollars.

?Some major changes were made to the plans as part of health care reform? says Dr. Sandy T. Feldman of ClearView Eye & Laser Medical Center. The doctor states that ?In 2012, employees can contribute up to $ 5,000.00 to their employer sponsored plans. Beginning in 2013, the limit will be lowered to $ 2500.00 so people should be looking to take advantage of the benefit offered to them in 2012.1,2?

To obtain your maximal benefit, it is crucial to understand and ask the employer about these new rules, Dr. Feldman shares these helpful and important tips: Obtain a doctor?s prescription for non-prescription otherwise known as over the counter drugs. Submit a doctor?s prescription along with a receipt for this medication in order to be reimbursed.3 There has been an expansion in the rules so adult children can be considered dependant if less than 27 years of age, even if living independently. Many people fail to completely use all of their contribution and end up losing about $ 100.00.4 Employees should check with their employers of any remaining amounts and determine the end date for usage. They should not wait until the last minute. Some plans have a grace period extending usage from the prior year now to March 31st.

Overall, employees should be aware of their benefits and the timelines for electing to contribute and use their FSA benefits. Enroll in FSA?s now for maximal contribution especially if contemplating LASIK surgery.

1.????http://www.irs.gov/govt/fslg/article/0,,id=112720,00.html

2.????http://www.bankrate.com/finance/insurance/how-health-care-reform-changes-fsas-hsas-1.aspx

3.????http://www.irs.gov/irs/article/0,,id=227301,00.html

4.????http://www.flexiblespendingaccountsonline.com/flex-account.php

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Medical ID Bracelets are a Halloween Must for Children with Allergies

Houston, TX (PRWEB) October 27, 2011

For children with allergies, and their parents, Halloween can be a very scary time of year. Not just because of the allergen potential of candy and treats, but there are unexpected problems as well. Costumes, makeup, and other accessories can bring on dangerous allergy symptoms, according to the American College of Allergy, Asthma, & Immunology. We are here to help, so consider these important tips on how to help your little ghost or goblin stay reaction free.

Trick or Treat: Nuts, milk and eggs are common ingredients in chocolate and other candies. For kids with food allergies, eating these Halloween treats can bring on a life-threatening reaction called anaphylaxis. But candies containing gelatin, such as gummy bears are potential triggers, too. For children prone to food allergies, have some non-candy treats on hand, such as stickers, pencils and small toys. Make sure that your child with allergies is wearing their medical ID bracelet that clearly states what they are allergic to and who to contact in an emergency. For your convenience, medical ID information can be found at many local CVS stores. You should verify that adults or friends accompanying your child understand his or her food allergies and what to do in an emergency. Always make sure your child with food allergies or a responsible adult carries an EpiPen with them.

Costumes, what not to wear: Halloween costumes packed away in a box for months can be laden with dust mites, which could trigger an allergic or asthmatic response. Be sure to wash the dusty and hand-me-down costumes in hot water or just go for a new costume. Try to avoid nickel in costume accessories, from cowboy belts and pirate swords to tiaras and magic wands. Nickel can cause allergic contact dermatitis, making for an itchy, bumpy and uncomfortable kid. Cheap Halloween makeup may include preservatives that can cause allergic reactions. If you need makeup, go for higher quality theater makeup, and test the makeup on a small area of your child?s skin long before it?s time for the party. If your child wants to wear decorative contact lenses, just say no. It?s a bad idea on a number of levels including serious eye damage, including cornea scratches and infection, conjunctivitis (pink eye), decreased vision, and even blindness.

Since 1994, Houston-based, employee owned and operated, American Medical ID has created high quality, customized medical identification jewelry to meet one?s everyday lifestyle. The medical IDs are available with various styles of bracelets, necklaces, and sportbands, in gold, gold-filled, sterling silver, stainless steel, titanium and nylon. Each ID is custom fitted and personalized with complimentary engraving. Candidates for a medical ID include anyone living with chronic or rare medical conditions such as diabetes, asthma, heart conditions, stroke risk or memory impairment; persons with allergies such as food, drug or insect; and those taking multiple medications or blood thinners. For more information about American Medical ID, visit http://www.IdentifyYourself.com, email info(at)americanmedical-id(dot)com or call 800.363.5985.

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