Hospitals provide access to vital health care services 24 hours a day, seven days a week, 365 days a year. They serve as a critical health care safety net and provide high-quality, personalized, convenient medical care to area residents.
Nationally, hospitals are the 2nd largest source of private sector jobs. New Mexico is no different. Because many of these jobs require advanced training and education, they demand higher salaries. The community as a whole also receives economic benefits when hospital dollars and employee wages are spent in the local economy along with the taxes generated by the hospital and its employees. These are called secondary jobs and secondary income, and are measured with economic multipliers calculated for each county.
In addition, the presence of a hospital makes a community more business-friendly as employers feel more comfortable operating where they have immediate access to health care.
Hospitals are a major driver of our state’s economy, contributing more than 65,433* direct and indirect jobs and creating a $6.8 billion (2015) economic ripple effect through the purchase of local goods and services.
*NM DWS, Census of Employment & Wages, multiplier from IMPLAN
Hospitals are steady contributors to New Mexico’s job growth, adding more than 6,300 new jobs since 2005 and providing an average annual wage of $60,736* (2015), among the highest for all industries in the state.
*NM DWS, Census of Employment & Wages