Indiana Hospitals Generate $48 Billion in Economic Impact
January 24, 2020
Indiana Hospitals Generate $48 Billion in Economic Impact

​ INDIANAPOLIS – A recent report, Indiana Hospitals - The Impact of the Economy and the Community, shows that Indiana hospitals have a total economic impact statewide of approximately $48.2 billion.  The information was researched and compiled by IHA’s data partner, DataGen and the Hospital Association of New York State (HANYS) and reflects 2018 data.  Indiana hospitals also generated 244,960 jobs.

Indiana hospitals provide quality health care across Indiana, caring for thousands of Hoosiers 24 hours a day, seven days a week, 365 days a year.  In addition to ensuring access to care, hospitals are significant economic engines, generating a positive impact both directly and indirectly on the local and state economies. 

“In the communities that they serve, this data reinforces that Indiana hospitals are cornerstone.  They provide not only world-class health care to their communities, they provide jobs, economic stability, and vital community partnerships,” said Brian Tabor, IHA President.

The report examines both the direct and indirect economic impact hospitals have in Indiana.  Highlights include:

      • Indiana hospitals employed 112,700 caregivers and other essential employees in 2018.
      • Hospitals provide well-paying jobs with a total payroll of $12,365,489,000 in 2018.  These jobs resulted in $13,623,060,000 in additional spending on goods and services, creating an additional 132,260 jobs.
      • Hospitals spent $8,737,692,000 directly in purchased goods and services, generating another secondary positive economic ripple effect of $9,626,314,000.

To view the full Indiana Hospitals – The Impact of the Economy and the Community report , click here.

 

CATEGORIES:
Hospital; IHA; Legislative; Member