The Industry
Downloadable Files: Size & Scope, Economic Impact Study, Key Health Indicators (Kaiser Foundation) see Links Below.
- Today there are approximately thousands of health industry establishments in North Texas with an estimated 316,500 jobs paying more than $10.4 billion in annual wages and salaries.
- The total health industry for North Texas is greater than the health industry of 31 other states.
- 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 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 $900 million 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.
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Sponsors
- Blue Cross Blue Shield of Texas
- Balfour Beatty
- FKP Architects, Inc.
- Fulbright & Jaworski, L.L.P.
- HKS, Inc.
- K & L Gates
- Locke Lord Bissell & Liddell LLP
- Paranet Solutions, LLC
- Trane
- UnitedHealthcare