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Illinois Hospitals Are Driving Economic Activity Across Illinois: $117.7B Annually And 445K Jobs
Thursday, Apr 25, 2024 - Posted by Advertising Department [The following is a paid advertisement.] Over 200 hospitals and nearly 40 health systems: Illinois’ hospital community sparks economic activity and growth throughout the state totaling $117.7 billion every year. Such significant economic impact comes from a diverse group of healthcare providers—community and safety net hospitals, teaching hospitals and academic medical centers, rural and critical access hospitals, and specialty hospitals. Yet each one contributes to their community as economic anchors and large employers providing good-paying jobs. Consider the key findings in a new report on the essential role of hospitals on the economy:
• Illinois hospitals directly employ 190,000 Illinoisans; and • Every $1 in hospital spending leads to another $1.40 in spending. Driving economic growth is just one of the many roles hospitals have. Most associated with providing lifesaving care, hospitals and health systems also promote community health and well-being; foster neighborhood revitalization; enhance public health and safety through community partnerships; and advance health equity initiatives to ensure optimal health for all residents. Illinois hospitals and health systems support working families by generating a combined 445,000 jobs among hospitals and other sectors due to hospital spending. Learn more about the hospital community’s economic impact.
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