NTX Magazine Volume 9 - Page 12

GROWTH SPURT he Dallas-Fort Worth Hospital Council (DFWHC), a 90-member trade organization of hospitals in the North Texas area, engaged Dr. Gerald A. Doeksen, a regents professor at Oklahoma State University, to measure the impact of hospitals on the region’s economy. In 2017, the study “The Economic Impact of the Member Hospitals of the Dallas-Fort Worth Hospital Council on the State of Texas and the Dallas-Fort Worth Area,” was published, showing that the economic impact of the 90 DFWHC- member hospitals alone on the North Texas economy is technical services sector in North Texas earnings and the retail trade in numbers of employees. “I think it’s really important because many times in the community, the hospital is the largest employer,” Love said. “Not only are they helping the economic base in the community, but they’re also bringing in talented workers who live in the community. Also with the robust economy, that helps with healthcare insurance. In a thriving community with good economic growth, it helps people to have more employer-based health insurance.” The study showed hospital expenditures on retail sales contribute $5.7 billion, which produces $356.9 million in state sales taxes. DFWHC-member hospitals generated 295,138 total jobs, an 11 percent increase from 2013. $18.4 billion in labor income. That number is a $4.4 billion increase from an identical study conducted in 2013. “I thought a 4.4 billion increase from an identical study conducted four years ago was surprising,” W. Stephen Love, president and CEO of DFWHC, said. “Such a positive economic impact is extraordinary, especially with the current challenges facing hospitals today in healthcare reform.” Healthcare was second only to the professional, scientific and The DFWHC regularly convene industry experts from around the region Steve Love with the DFWHC and Dallas Mayor Mike Rawlings speak on the importance of the healthcare industry From retail sales to construction jobs to secondary labor income from other businesses that support hospitals, it’s easy to imagine the continued impact across the economic spectrum. “These numbers show that North Texas hospitals do much more than just provide medical services,” said Dr. Doeksen, who conducted the study. “The employment and income generated and the ripple effect in other businesses throughout the economy are enormous. The study clearly demonstrates that member hospitals of DFWHC are major players in economic development in Texas.” “It’s important to know that hospitals in North Texas are not just brick and mortar – they reach into the community with health fairs, screenings and more to promote healthy habits and lifestyles. Sure, Say hello to convenient primary care. The right physician, right around the corner. With more than 100 family care and internal medicine practices across North Texas, Texas Health is here for you and your family with quality care close to home. Our physicians, physician assistants and nurse practitioners are ready to help you stay healthy when you’re well, and care for you when you aren’t. Plus, we’re backed by the largest health care system in North Texas. Find your primary care physician today. TexasHealthFamilyCare.com | 1-800-916-8080 Providers employed by Texas Health Physicians Group practice independently and are not employees or agents of the hospital or Texas Health Resources hospitals. © 2018 10 WWW.NTC-DFW.ORG SUMMER 2018