Economic Impact of Health Care in North Texas|
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I’m Doug Hawthorne, CEO of Texas Health Resources, with “The Business of Health Care Report.”
Many times on this program I’ve talked about Texas Health Resources’ perspective not only as a health care system, but also as one of the largest employers in North Texas. In fact, hospitals are often among the largest employers within any community.
The economic impact of hospitals on the North Texas economy is $12.2 billion, according to a 2010 study by Dr. Gerald A. Doeksen of Oklahoma State University. The study was commissioned by the Dallas-Fort Worth Hospital Council. The total impact is based on the salaries, wages and benefits paid to employees and other businesses that support health care organizations, such as vendors.
In 2010 alone, the 75 member hospitals of the D-FW Hospital Council generated more than 237,000 jobs. The vast majority of those jobs are in the D-FW area.
The study showed that hospital expenditures on retail sales contribute $4 billion, which produces $249.1 million in state sales taxes.
These hospitals represent economic engines that provide jobs, retail sales and state, county and local tax revenues throughout North Texas communities. Texas Health Resources is proud to provide both outstanding health care and significant economic benefits to the people in the communities we serve.
For Texas Health Resources and its faith-based family of hospitals, Texas Health Presbyterian, Texas Health Harris Methodist, and Texas Health Arlington Memorial, I’m Doug Hawthorne.