- North Texas health industry directly supports an estimated 331,000 jobs paying more than $36 billion in annual wages and salaries.
- Hospitals and nursing care facilities make up more than half of all area health care firms with 100+ employees.
- 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 National Institutes of Health as awarded $1.7 billion grant dollars to DFW researchers.
- The region is home to two nationally recognized medical schools (UT Southwestern School of Medicine and UNT Health Science Center), Baylor School of Dentistry, Texas Tech School of Pharmacy, 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.
- Major projects currently “under construction” total more than $5 billion NOT including retrofits, upgrades, or small in-hospital remodels.
- 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.
The North Texas Health Industry
The Health Industry is an aggregate of productive enterprises and professionals that make care possible, from architects who design physician offices, professors of medicine, and employers who provide insurance to drug manufacturers, fitness centers, and home health nurses. The continuum of companies involved is diverse, dynamic and bound by a common goal – quality service for the patient.
The Health Industry represents hundreds of thousands of employees and billions of dollars in economic impact. It is ever-present, universal, and sometimes invisible.