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,
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10
WWW.NTC-DFW.ORG
SUMMER 2018