Jobs and the Economy

With over 100 health systems in Colorado, providing care to more than 555,000 inpatients, 9 million outpatients and nearly 2 million emergency room visitors, EMS workers, nurses, doctors and other Colorado medical experts work hard to treat the sick and injured and conduct research to develop new cures and life-saving technology.

This important work also has a major impact on Colorado’s economy.  For every dollar spent at a Colorado hospital, two dollars are generated for the broader Colorado economy, creating $33 billion in total economic activity, according to the Metro Denver Economic Development Corporation. One in 16 jobs in Colorado is in healthcare, with many hospitals, especially in rural communities, representing the largest employer and contributor of local taxes in their area.

For instance, the Colorado Plains Medical Center is one of Fort Morgan’s largest economic drivers,  paying $22.3 million in wages and benefits to roughly 350 workers.

Colorado Plains Medical Center Exterior

Throughout the state, hospitals pay more than $4.45 billion in annual payroll and benefits to more than 75,000 Coloradans – and that number continues to grow. Between 2012 and 2017, Colorado gained approximately 1,600 physicians, bringing the total number of active licensed physicians to nearly 15,700, according to the Colorado Department of Regulatory Agencies. Registered nurses (RNs) represent the largest subcategory with more than 60,000 RNs licensed to work across the state.

Since 2012, RNs have increased 15% and are expected to grow another 40% by 2025.

Graph showing employment change for select healthcare and wellness occupations in Colorado