Direct Impact of · $3.42 worth of output for every $1 of income. (Health Care Innovation workers...

9
Source: 2015 Report on Health Care Innovation in Washington State Direct Impact of Health Care Innovation Sub-Sector The Health Care Innovation Sub-Sector contributes directly to Washington’s economy. Output Finance Income Jobs $6.8 Billion $1.6 Billion $2 Billion 22,500

Transcript of Direct Impact of · $3.42 worth of output for every $1 of income. (Health Care Innovation workers...

Page 1: Direct Impact of · $3.42 worth of output for every $1 of income. (Health Care Innovation workers generate nearly 3x the output of the average worker.) Average Worker Health Care

Source: 2015 Report on Health Care Innovation in Washington State

Direct Impact of Health Care Innovation Sub-SectorThe Health Care Innovation Sub-Sector contributes directly to Washington’s economy.

Output FinanceIncomeJobs

$6.8 Billion

$1.6 Billion

$2 Billion

22,500

Page 2: Direct Impact of · $3.42 worth of output for every $1 of income. (Health Care Innovation workers generate nearly 3x the output of the average worker.) Average Worker Health Care

Total Economic Impact of Health Care Innovation Sub-SectorThe Health Care Innovation Sub-Sector’s total economic contributions equal $12B in output and 54,700 jobs.

(Direct,indirect and induced)

$12 Billion in Output

54,700 Jobs

Source: 2015 Report on Health Care Innovation in Washington State

Page 3: Direct Impact of · $3.42 worth of output for every $1 of income. (Health Care Innovation workers generate nearly 3x the output of the average worker.) Average Worker Health Care

The Health Care Innovation Sub-Sector generates 22,500 direct jobs—it supports urban and rural jobs with employees in 25 of the 39 counties in Washington state.

Source: 2015 Report on Health Care Innovation in Washington State

Page 4: Direct Impact of · $3.42 worth of output for every $1 of income. (Health Care Innovation workers generate nearly 3x the output of the average worker.) Average Worker Health Care

The Health Care Innovation Sub-Sector in Washington state comprises 6% of health care jobs and produces 13% of the health care economy’s output.

6% Jobs 13% Output

Source: 2015 Report on Health Care Innovation in Washington State

Page 5: Direct Impact of · $3.42 worth of output for every $1 of income. (Health Care Innovation workers generate nearly 3x the output of the average worker.) Average Worker Health Care

On average, Health Care Innovation Sub-Sector workers earn 8% more than the average worker in Washington state and produce 300% more.

Source: 2015 Report on Health Care Innovation in Washington State

Page 6: Direct Impact of · $3.42 worth of output for every $1 of income. (Health Care Innovation workers generate nearly 3x the output of the average worker.) Average Worker Health Care

Health Care Innovation Sub-Sector workers make significant contributions to the state economy, generating $3.42 worth of output for every $1 of income.

(Health Care Innovation workers generate nearly 3x the output of the average worker.)

Average Worker Health Care Innovation Worker

Source: 2015 Report on Health Care Innovation in Washington State

Page 7: Direct Impact of · $3.42 worth of output for every $1 of income. (Health Care Innovation workers generate nearly 3x the output of the average worker.) Average Worker Health Care

Health care is a known driver for growth in Washington, but we’ve identified a catalyst: The Health Care Innovation Sub-Sector.

Source: 2015 Report on Health Care Innovation in Washington State

Page 8: Direct Impact of · $3.42 worth of output for every $1 of income. (Health Care Innovation workers generate nearly 3x the output of the average worker.) Average Worker Health Care

Source: 2015 Report on Health Care Innovation in Washington State

Health Care InnovationJobs: 22,489

Health Care InnovationIncome: 1,982,595,312

Health Care EconomyIncome: 22,361,741,582

Health Care EconomyJobs: 387,732

Health Care EconomyOutput: 50,474,721,079

Health Care InnovationOutput: 6,780,035,999

Output

Income

Jobs

6% 9% 13%

Page 9: Direct Impact of · $3.42 worth of output for every $1 of income. (Health Care Innovation workers generate nearly 3x the output of the average worker.) Average Worker Health Care

Source: 2015 Report on Health Care Innovation in Washington State

Health Care InnovationJobs: 22,489

Health Care InnovationIncome: 1,982,595,312

Health Care EconomyIncome: 22,361,741,582

Health Care EconomyJobs: 387,732

Health Care EconomyOutput: 50,474,721,079

Health Care InnovationOutput: 6,780,035,999

Output

Income

Jobs

6% 9% 13%