Economic Impact

Hospitals, at their core, serve as vital pillars of community health and well-being, offering critical care, responding to emergencies, and fostering ongoing health education. Often, their significance goes unnoticed until individuals face a medical crisis or diagnosis.

Beyond immediate healthcare functions, hospitals in Idaho play a pivotal role as economic engines, providing employment opportunities across various career paths. Yet, their impact goes beyond job creation. Economists gauge their influence by examining how they attract new funds into the local economy and the subsequent ripple effects of spending.

By exploring both direct expenditures and the downstream effects on services, sales, payrolls, jobs, and taxes, economists develop multipliers unique to the healthcare industry and the local economy. These multipliers quantify the total economic impact, accounting for direct and indirect effects.

In Idaho, hospitals’ economic contributions are substantial, generating over $9.3 billion in economic activity. For every healthcare job, they create an additional 1.89 jobs, promoting employment growth beyond their immediate influence. This activity not only supports jobs outside the hospital sector but also impacts state and local tax revenues and stimulates the purchase of goods and services within the community.

For further insights, please reach out to the Idaho Hospital Association at 208.338.5100.

Idaho's Impact

In 2022, Idaho’s community hospitals accounted for about 8.4% of Idaho’s Gross State Product (GSP). Hospitals are a major economic engine for Idaho and considered key to the state’s efforts to recruit and retain new and expanding businesses. Your community hospitals employed:

2000
People
$
Billion Earnings
$
Average Earning Per Employee