Colorado Hospitals

Economic Benefits

Colorado hospitals are major economic and employment contributors, injecting billions into the state's economy every year and offering well-paid, benefited positions to tens of thousands of workers. In fact, a recent report from the Colorado Hospital Association (CHA) entitled Examining the Impacts of Hospitals on the Colorado Economy found that:

 

  • Colorado hospitals contributed $18.8 billion to the Colorado economy in 2010, which includes calculations for compensation, facilities, spin-off jobs and other parameters. This figure represents 4.2 percent of the state’s entire economic output.

  • Colorado hospitals directly employed 71,700 people in 2010, and spending by both hospitals and their employees helped create another 61,400 Colorado jobs. In rural parts of the state, hospitals are often the largest employers in the communities.

  • During the recent recession (2007-09), Colorado’s hospitals did not experience the job losses that affected many other industries.

  • Average annual employee compensation at Colorado hospitals is fair and competitive.

  • Hospitals provide a variety of stable job opportunities to workers regardless of education level, from physicians with graduate degrees and advanced training to service and maintenance workers with high school diplomas.

© 2014 by the Colorado Hospital Association. All rights reserved. 7335 E Orchard Rd Greenwood Village, CO 80111 720.489.1630
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