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How does health care impact Tennessee's economy?

Hank Hayes • Jul 16, 2018 at 8:30 PM

The Tennessee Hospital Association has released its Economic Report, which says the financial impact of health care industry employment in 2015 – the most recent year for which data are available — was $18.3 billion, of which hospital employment was $6 billion.

What was health care’s economic impact in Sullivan County?

Craig Becker, THA president and CEO, said, “In Sullivan County, residents are served by a facility that cares for a wide array of health care needs, while also providing important economic support for the area. In 2015 alone, local hospitals cared for 444,275 patients. Those facilities provided 4,097 jobs, resulting in a total economic impact of $241,827,242 for the county.”

What was health care’s other economic impact statewide?

THA says health care employees also have household members who are employed in the community that create a ripple effect, which resulted in $28 billion in salaries and pay in 2015. This is the impact of the more than 586,000 healthcare jobs, of which 180,532 are hospital-based.

In 2015, the state’s hospitals treated 3.7 million people in emergency departments and provided more than 8 million outpatient visits and roughly 852,000 inpatient stays.

Are there any negative economic impacts going on in health care?

THA noted that with nine rural hospital closures in the state since 2012 — and other facilities facing challenging futures — the importance of rural hospitals cannot be understated.

About THA: The Tennessee Hospital Association was founded in 1938 and serves as an advocate for hospitals, health systems and other healthcare organizations across the state. The initiatives of THA support the efforts of Tennessee’s hospitals to ensure high quality care for the patients and communities they serve.

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