FACTS ABOUT THE HEALTH INDUSTRY
- The health industry in the North Texas region is one of the most diverse in the country. The list is long for opportunities including provider services, research, manufacturers, biotechnology, marketing, sales & distribution, insurance, rehabilitation, pharmaceutical and device, fitness, nutrition and more.
- Today there are approximately 10,000 health industry establishments with an estimated 250,000 jobs paying more than $6.5 billion in annual wages and salaries.
- The total health industry for North Texas is greater than the health industry of 34 other states.
- Hospitals and nursing care facilities make up more than half of all area health care firms with 100+ employees. Of the 9,200 establishments in the health industry approximately 8,200 of these firms hire fewer than 19 people.
- It is an extremely diverse industry. About 82% of all health care industry jobs are in the service sectors. Public health accounts for 7%, while insurance carriers and manufacturing of health-related products represent about 4% of total industry employment.
- Current statistics continue to indicate that the health industry employment rates continue to outpace other sectors of the Dallas-Fort Worth economy. From 2001 to 2004 the general economy in the region declined 4.5%; while the service industry for health care alone grew more than 10.5%.
- The North Texas region is rich with world-class academic resources, Nobel laureates, and an outstanding record of research in biotechnology and nanotechnology.
- The region is home to two nationally recognized medical schools (UT Southwestern School of Medicine and UNT Health Science Center), Baylor School of Dentistry, a school of public health, a Ph.D. program in nursing, a nationally recognized Parker School of Chiropractics, as well as, degrees in health administration and biotechnology and nanotechnology programs.
- Parkland Health & Hospital System, the Dallas public hospital, is recognized for its outstanding Burn Center. In addition, more babies are born at Parkland Hospital than any other facility in the country.
- The Region also boasts premier technology-based companies with outstanding development and commercialization strengths in microelectronics, information technology, aerospace/defense, pharmaceutical & medical device development and manufacturing.
- Business development includes outstanding technology transfer offices, four business incubators, and numerous economic development entities to add quality companies to the industry. With our central location, excellent climate, outstanding transportation system and quality of life, the Dallas/Fort Worth area will continue to attract health industry businesses.
- More than $2.5 billion is planned for hospital and health care system construction projects over the next 10 years in order to meet the population growth and aging demand.
- The region is recognized for innovative solutions in health care. Examples are the "Distance Learning Programs" currently taking place in area hospitals to meet the demand for workforce development.
For more information about the Dallas - Fort Worth healthcare industry, please review the documents below:
Size and Scope of the Dallas/Ft. Worth Healthcare Industry
THE DALLAS/FORT WORTH HEALTHCARE INDUSTRY
ECONOMIC IMACT & GROWTH POTENTIAL
The Health Industry Council
of the Dallas/Fort Worth Region
Terry L. Clower, Ph.D. &
Bernard "Bud" L. Weinstein, Ph.D.
UNIVERSITY OF NORTH TEXAS
CENTER FOR ECONOMIC DEVELOPMENT AND RESEARCH
KPMG PEAT MARWICK LLP
Economic Impact Study
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