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Health Services Health Services Revised 09/21/17 Key Points The Health Services Sector Health services play a fundamental role in society and the economy. Gross Regional Product Major segments of the health services industry include physician offices, $55.9 Billion hospitals, medical diagnostic laboratories, home healthcare, medical insurance carriers, nursing care facilities, and dentist offices.Auxiliary Workforce services include pharmacies, research and development, medical records 614,608 Employees technology, and health insurance carriers. Chicago is home to more than 30 national medical and health association Number of Companies headquarters, including the American Medical Association, the American 26,542 Hospital Association, the American College of Surgeons and the American Health Information Management Association. National Distinctions Chicago: A Leader in Health Services The Chicago metro is home to 95 hospitals* and 6 accredited medical Number of st schools. More than 28,400 physicians are directly involved in patient care: 1 top-ranked major teaching hospitals • 8,270 in hospital-based practice - 2nd highest in the nation • 17,900 medical, surgical, and other specialists - 3rd highest • 2,260 family medicine/general practitioners - 3rd highest Number of 1st top-ranked large Annual activity at hospitals in the Chicago metro includes: community hospitals • 773,650 surgical operations – 2nd highest in the nation Rehabilitation Institute • More than 1 million patient admissions – 3rd highest 1st of Chicago ranked • Approximately 112,500 births – 3rd highest #1 rehab hospital in the nation High-ranking facilities in U.S. News & World Report’s annual review include Northwestern Memorial Hospital (8th overall in the nation), the Rehabilitation Institute of Chicago (1st in Rehabilitation), and Rush University Medical Number of physicians nd Center (4th in Orthopedics). Ann & Robert H. Lurie Children’s Hospital, 2 in hospital practice ranked as the 6th best chidlren’s hospital in the country, is one of 12 children’s hospitals in the nation to score in the top 10% in at least three specialties, including Gastroenterology & GI Surgery, Neonatology, and Neurology & Neurosurgery. *Hospitals included in AHA data are “U.S. Community Hospitals,” defined as non-federal, short-term general, and other special hospitals Offices of Company Employees Retirement Dentists Communities Advocate Health & Hospitals 22,000 Other Health 5% 4% Presence Health 10,987 Practicioners 6% Walgreens 9,484 Northshore University Health System 9,464 Abbott Laboratories 7,977 Northwestern Memorial Hospital 7,586 General Health Service Care Corp (BCBS) 6,660 Insurance Hospitals 30% Carriers 7% Loyola University Health System 6,000 Rush University Health System 5,759 Health Care University of Chicago Medical Center 5,250 Stores 7% Edward-Elmhurst Healthcare 4,871 Northwest Community Healthcare 4,100 Home Health Care Services Alexian Brothers Health Ministry 3,600 8% Offices of Sinai Health System 3,000 Physicians 13% Nursing Care Ann & Robert H. Lurie Children’s Individual and 2,300 Facilities 9% Hospital Family Services Healthcare Employees in Chicago Metro 11% Major Employers in the Chicago Metro Ingalls Health System 2,000 Swedish Covenant Hospital 1,550 Cardinal Health 1,426 Top 25 Hospitals in Region Based on Patient Revenue Pt. Rev. Hospital ($Mil) 1 University of Chicago Medical Center $1,409 2 Northwestern Memorial Hospital $1,395 3 Rush University Medical Center $1,148 4 Loyola University Medical Center $1,037 5 Advocate Christ Medical Center $983 6 Northwestern Medicine Central DuPage $828 Hospital 7 John H. Stroger Jr. Hospital of Cook $780 County 8 Advocate Lutheran General Hospital $742 9 Edward Hospital $694 10 Ann & Robert H. Lurie Children's Hospital $608 of Chicago 11 NorthShore Evanston Hospital $599 12 University of Illinois Hospital & Health $548 Sciences System 13 Community Hospital $478 14 Northwest Community Hospital $475 15 Alexian Brothers Medical Center $436 16 Advocate Illinois Masonic Medical Center $400 17 Rush-Copley Medical Center $385 18 Elmhurst Hospital $370 19 Advocate Good Samaritan Hospital $370 20 Franciscan St. Margaret Health $361 21 Palos Community Hospital $341 22 St. Alexius Medical Center $335 23 Advocate Condell Medical Center $328 24 Advocate Good Shepherd $295 Source: Crain’s Chicago Business, 2016 25 Methodist Hospitals $291 Health Services Education, Innovation, and IT Health IT Chicago’s Health IT industry is flourishing. MATTER, a health tech incubator, opened in February 2015 and has grown to 135 members. Startups 142 Health IT Chicago’s health IT startups are influencing the medical field by pioneering advanced startups founded communication tools, improving ease and efficiency of service delivery, and building state-of- since 2010 the-art applications. Emerging health IT leaders include: Healthbox, a health IT accelerator; CHITREC, a non-profit that promotes the advancement and use of electronic health records (EHRs); Allscripts, a provider of health IT solutions and EHRs; Merge Healthcare, a provider of Growth cloud-based imaging; GoHealth, a health insurance technology firm; and ZirMed, a developer Average 5-year of cloud-based claims management. growth rate of 700% among fastest- “We have more health care expertise in the Chicago region than anywhere in the world. MATTER’s goal is to bring the pieces together to accelerate the formation and growth growing health of new health care technology businesses and better enable the region’s established companies in healthcare institutions to innovate faster and better.“ Chicago -Steven Collins, CEO, MATTER Innovation Chicago has one of the densest concentrations of medical research centers and universities in the U.S., with 140+ centers including Argonne National Laboratory, Abbott, Venture Capital AbbVie, Fermilab, Hospira, and Takeda. $795.9M invested in health companies In addition to Chicago’s well-established research footprint, entrepreneurs are impacting the 2011-2016 healthcare industry by specializing in pharmaceutical, biotech, medical device niches. In 2016, 11 Chicago health companies were ranked in Inc.’s 5,000 fastest-growing private companies in America. Leaders include: ContextMedia, a health information services company; Orsini Research & Healthcare, a specialty pharmacy for complex medical conditions; and Invoyent, a provider of Development strategic and technology consulting services for the healthcare industry. 494 establishments 17,897 employees Education 3 of the nation’s top 15 teaching hospitals are located in the Chicago region – more than any other metro – according to U.S. News & World Report. Programs 5,700 med residents Chicago has a significant healthcare talent pipeline, with area colleges enrolling nearly 22 major teaching 60,000 students and granting more than 28,000 annual degrees in healthcare-related fields. hospitals Top program completions in 2014 were in nursing (5,600 completions), allied health services (5,100), biology (3,600), psychology (3,200), and health administration (2,800). Research Support for Universities $536 Million in 2015 Note: Health services data reflects NAICS codes 4461 Health and Personal Care Stores, 5241 Insurance Carriers, 6211 Offices of Physicians, 6212 Offices of Dentists, 6213 Offices of Other Health Practicioners, 6214 Outpatient Care Centers, 6215 Medical and Diagnostic Laboratories, 6216 Home Health Care Services, 6219 Other Ambulatory Health Care Services, 6221 General Medical and Surgical Hospitals, 6222 Psychiatric and Substance Abuse Hospital, 6223 Specialty (except Psychiatric and Substance Abuse) Hospitals, 6231 Nursing Care Facilities (Skilled Nursing Facilities), 6232 Residential Intellectual and Developmental Disability, Mental Health, and Substance Abuse Facilities, 6233 Continuing Care Retirement Communities and Assisted Living Facilities for the Elderly, 6239 Other Residential Care Facilities, 6241 Individual and Family Service &, 8122 Death Care Services Source: American Hospital Association 2016, American Medical Association 2016, Blue Ridge Institute for Medical Research, Brookings Institute 2014, BuiltInChicago, Crain’s Chicago Business, Moody’s Analytics 2016, Bureau of Labor Statistics 2016, Illinois Department of Employment Security, Illinois Hospital Association 2015, LinkedIn 2015, MNI 2015, Hoovers 2015, Truven Health Analytics 2016, U.S. Census, U.S. News & World Report, VentureSource. World Business Chicago is a public-private, non-profit partnership that drives inclusive economic growth and job creation, supports business, and promotes Chicago as a leading global city.. For more information visit WorldBusinessChicago.com or call 312.553.0500.
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