Economic Impact

Hospitals in Rhode Island play an important role in the Ocean State's economic viability and vitality through expenditures and job creation. Increasing demand for health care has led to a growing hospital workforce and significant capital investments in hospital improvements, health information and patient safety technology. The impact of hospitals expands when they purchase goods such as food and linens or employees spend their paychecks on housing and clothing. These purchases support other Rhode Island businesses and create additional jobs within the community. A strong, quality health care network, in which hospitals play a significant role, also adds to the attractiveness of Rhode Island as a place to settle, locate a business or retire.

Hospitals:

  • Are a $2.2 billion industry
  • Attract over $100 million in research funding each year
  • Employ over 23,000 workers, accounting for 5.7% of private sector employment
  • Pay over $1 billion in wages each year, accounting for 6.6% of all private sector wages
  • Are a large, established source of employment, providing jobs for a wide range of skill levels
  • Embrace an important role in educating our health care workforce by serving as clinical training sites for a wide range of health professions

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