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ND hospitals contributed $4.7B to state economy in 2012

According to a recent study released by the North Dakota Hospital Association, North Dakota hospitals and their employees contribute an estimated $4.7 billion each year to the state economy.

It was also estimated by the study that for every dollar the hospitals spend, an additional 68 cents is generated in other businesses and industries around the state.

[See also: North Dakota healthcare system announces alliance with Mayo Clinic]

“Clearly health care is a significant contributor to the state’s economy,” said NDHA Vice President Tim Blasl in a written statement. “Our hospitals provide a very high standard of care and serve as foundations for stability and viability in many North Dakota communities.”

North Dakota has 42 community hospitals that employ more than 21,500 full-time equivalent employees, making healthcare the state’s largest non-government employer. According to the study, five out of six top employers in the state are healthcare systems, providing a wage rate that is 22 percent higher than the state average. Approximately one out of seven North Dakota workers is employed by a healthcare or social assistance organization.

The survey also noted that in 2012 North Dakota hospitals and health systems generated net revenues of $3 billion, which is a 22.5 percent increase from 2010. The majority of the net revenues was generated by the five largest health systems in the state, which are Altru, Essentia, Sanford, St. Alexius and Trinity.

[See also: North and South Dakota health systems to merge]

 

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