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The Health Care Industry in the Cincinnati MSA
Its Size and Impact on the Regional Economy
Cincinnati Health Care Industry
• Size and scope of industry• Economic impact including multiplier impacts• Projected occupational trends in health care• Regional graduate production in health care academic
programs
Health Care Defined
• Ambulatory services • Hospitals• Nursing care facilities
• Study excluded: • Life science research firms including colleges and universities• Public health organizations• Medical insurance companies• Health care manufacturers• Retail outlets such as pharmacies, drug stores
Size and Scope of Health Care: 2013Cincinnati MSA
Health Care Jobs: 12.2%
39.4%
Ambulatory services 44,181
Hospitals 46,815
Nursing care facilities 27,691
Direct Health Care Jobs2
23%
37%
40%
118,685 Direct Health
Care Jobs
Health Care Payroll: 12.6%
39.4%
Ambulatory services$2,683
Hospitals$2,468
Nursing care facilities
$762
Direct Payroll ($ millions)2
13%
42%
45%
$5.9 billionDirect Health Care Payroll
Health Care Avg. Annual Pay
39.4%
All Health Care Ambulatory services Hospitals Nursing care facilities$0
$10,000
$20,000
$30,000
$40,000
$50,000
$60,000
$70,000
$80,000
All Health Care $49,820
Ambulatory services; $60,733 Hospitals;
$52,719
Nursing care facilities; $27,505
Average Annual Pay2
Health Care Establishments
39.4% Ambulatory services 3,268
Hospitals 41
Nursing care facilities
496
Number of Health Care Establishments2
13%
3,803Health Care
Establishments
86%
Economic Impact Analysis
Impact Analysis Definitions• Multiplier effect: business and employee spending ripples
through the economy, as one person’s spending becomes another person’s income, creating a multiplier effect
• Multiplier: measures the magnitude of this ripple effect• Interpreting the Multiplier:
• Jobs multiplier 1.85: for every job in health care another 0.85 jobs supported in the community
• Earnings multiplier 1.88: for every of dollar of health care payroll another $0.88 of earnings supported in the community
Total economic impacts(including multiplier impacts)
Indirect +
Induced
Direct118,685
220,000 jobs
Indirect +
Induced
Direct$5.9
billion
$11.1 billionpayroll
Occupational Trends in Health Care
Occupational Trends
The full report is available online
www.regional-indicators.org
Occupation versus IndustryAmbulatory health care 100% Practitioners 37%
Office and administrative support 25% Health care support 22%
All other 16%
Nursing/residential care facilities 100%
Health care support 37%
Health care practitioners 17%
Food preparation 10%
All others 35%
Hospitals 100%
Practitioners 54%
Office and administrative support 14%
Health care support 13%
All other 20%
Health Care Occupational Demand 2010 to 2020
201091,430
2020126,456
Difference 2010 to 2020 = Net New Jobs
35,026
Net New Jobs35,026
Replacement16,528
Job Openings51,554
Graduate ProductionCincinnati MSA
Are we producing enough talent?
• Graduates from• University of Cincinnati• Northern Kentucky University• Miami University• Xavier University• Gateway Technical • Cincinnati State• Thomas More
Number of Completions
Health Care Programs by Number of Completions, 2010-2013All Cincinnati Schools*
Program Title
Number of Completions2010-2013
Percent of Total
Total 13,684 100.0% Clinical Nutrition/Nutritionist 3,996 29.2% Nursing Administration 1,349 9.9% Radiation Protection/Health Physics Technician 655 4.8% Clinical/Medical Laboratory Technician 630 4.6% Physical Fitness Technician 610 4.5% Radiologist Assistant 578 4.2% Nutrition Sciences 503 3.7% Alternative and Complementary Medicine and Medical Systems, General 476 3.5% Clinical/Medical Laboratory Science and Allied Professions, Other 437 3.2% Dietitian Assistant 385 2.8% All Others 4,065 29.7%Data Source: IPEDS, National Center for Education Statistics
Demand exceeds supply of talent over the decade
SUPPLY: 34,210 graduates
DEMAND: 51,554 openings
SHORTAGE: 17,344 or roughly 34%
Summary
• Health Care is roughly 10% of the Cincinnati economy is growing more rapidly than the overall economy
• The Cincinnati metro graduates only about two-thirds of the number of trained workers projected to be needed by the health care industry
• Full report: NKYbytheNumbers.nku.edu
