NEW NATIONAL UNIVERSITY SYSTEM INSTITUTE REPORT ON ECONOMIC IMPACT OF HEALTH CARE IN SAN DIEGO
Report: Health Care Services a "Critical Job Creator" in San Diego Sector growing faster than rest of economy, adds middle income jobs
Erik Bruvold, NATIONAL UNIVERSITY SYSTEM INSTITUTE FOR POLICY RESEARCH
Thursday, October 30, 2014
Using a combination of secondary and primary sources NUSIPR found that:
• The healthcare services sector employed 121,510 San Diegans in 2012 with an average wage of $57,990.
• The healthcare services sector indirectly supports another 86,500 jobs in the region. In total, direct and indirect impacts in the sector constitute more than 9% of regional economic output.
• Since 2003 the sector has grown 22% times faster than the county’s population and 27% faster than employment.
• Between 2009 and 2013 there was nearly 1 million square feet of new construction supporting the sector, including several new hospital facilities, ambulatory care centers, and medical office buildings.
• In 2011 (the latest year available) there was more than $450 million in charitable donations made to San Diego healthcare service non-profits.
• For every $50 million in additional healthcare spending the region can expect to see an average of 600 jobs.
“Healthcare services is among the region’s largest single economic sectors” remarked Erik Bruvold, NUSIPR President and author of the report. “Given the importance of the region’s world-class healthcare services to our quality of life it is sometimes easy to forget just how important the sector’s contribution is to our economic well-being. As the population in San Diego continues to age, it is likely that there will be even more demand for healthcare services. Given that, we believe that the sector will continue to grow and create high paying job opportunities.”