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Arizona hospitals have far-reaching effect on state's economy, report says

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Posted at 8:18 AM, Dec 17, 2019
and last updated 2019-12-17 10:18:26-05

The total economic impact of Arizona hospitals in 2018 was $29.8 billion, according to a report released by the Health System Alliance of Arizona.

Conducted by Rounds Consulting Group, the economic impact report shows Arizona hospitals had a total employment impact of 184,969 jobs, which represents about 7% of the state's total 2.9 million workers.

Hospital workers earned an average annual wage of more than $92,200.

The direct, indirect and induced jobs earned a combined $12.3 billion in wages, while state and local governments collected $808.7 million in tax revenue from hospitals.

Read more from the Phoenix Business Journal.