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$117.7B In Economic Activity: Illinois Hospitals Are Essential To Communities And Families

Posted in:

• Illinois
• Advertising

[The following is a paid advertisement.]

The vital role of Illinois hospitals and health systems in health and well-being is only part of the story. While best known for treating everything from cancer and broken bones to delivering babies and performing lifesaving surgeries, hospitals are also major contributors to the state economy—to the tune of $117.7 billion annually.

A new report expands on hospital and health system contributions to Illinois’ economy: Together, the Illinois hospital community:

• Spends $50.3 billion on payroll, $61.8 billion on supplies and services, and $5.6 billion on capital.
• Supports working families through 445,000 full-time jobs.
• Creates 1.4 jobs in other sectors for every hospital job.

Hospitals across Illinois are economic anchors, and are oftentimes the largest employers in the communities they serve. They fuel job growth as consistent creators of healthcare jobs in Illinois, which have increased 11% between 2010 and 2023. All this comes as hospitals face financial challenges, with an average 3% operating loss as a percentage of net revenue in 2022.

Illinois hospitals are essential to communities, essential to families and essential to the economy. Learn more about the hospital community’s economic impact.

posted by Advertising Department
Friday, Apr 26, 24 @ 10:38 am

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