Health care positions made up one in every 11 jobs in Nashville in 2019, according to a report issued this week by the Nashville Healthcare Council. By 2028, one in every eight jobs in Tennessee is predicted to be in health care.
The study looked at both the “core health care industry,” which is defined as ambulatory services, hospitals and nursing and residential care facilities in the Nashville Metropolitan area, and the “health care industry cluster,” which is defined as the core healthcare industry, as well as related industries such as health care management companies, life sciences research and professional service firms that work locally, nationally and internationally.
Those companies created $66.89 billion in total business revenue impact in 2019, having increased over 70% from 2014, more than 25% of the total business revenue in the Metropolitan area.
The Nashville health care industry cluster in 2019 made up more than one-third of the Nashville Metropolitan area’s total personal income.
While the health care cluster lost around 14,000 jobs due to the pandemic, it is recovering faster than other nonfarm jobs in Nashville, according to the report. Five thousand jobs were added in health care between April 2020 and June 2020.
“This report clearly shows the growth and strength of the health care industry in Nashville, which has been so evident to those of us who live and work here in the nation’s health care capital,” said Hayley Hovious, President of the Nashville Health Care Council, in the news release. “Obviously the past 18 months have presented challenges to every industry, including ours, but these remarkable numbers clearly show that Nashville’s health care sector is already recovering and our innovative, entrepreneurial spirit continues to guide our growth. The future is very bright for health care in Nashville.”
