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HEALTH C AR E The Charlotte region is a growing health care hub, home to national and international leaders in the health care field. The region is home to two nationally ranked hospital systems as well as a variety of specialty provider practices. Recently, medical equipment manufacturing has emerged as a growth industry. Research Made Possible By:

• More than 137,000 health care sector jobs in Charlotte* • Nearly 5,000 certificates & degrees awarded annually at regional higher education institutions** • Above-average growth in medical equipment manufacturing

Q4 2017

W W W.C H A R LOT T EC H A M B E R .CO M

*Source: JobsEQ **Source: IPEDS via JobsEQ


HEALTH C A R E A broad range of companies make up the health care sector in the Charlotte region. From primary care facilities and comprehensive hospitals, to health care research and technology, to a growing medical equipment and pharmaceutical industry, health care is crucial to the region’s economy. Health care accounts for 1 in 10 jobs in the Charlotte region. That’s more than 137,000 diverse workers of different skill sets and education levels. From home health care workers to hospital support professionals to physicians and life sciences researchers, much of the area’s health care talent is recruited from the more than 23 nearby colleges and universities and 18 community colleges and technical institutes in the region. Each year, nearly 5,000 students in the area earn health care-related degrees from phlebotomy certifications to Ph.D.s in bioinformatics.

THE HEALTH CARE SECTOR HAS A

$ 13.4 B I L L I O N T O TA L I M PAC T O N T H E

CHARLOTTE REGION’S ECONOMY.

Source: JobsEQ, Chmura Economics

With the flagship institutions of two nationally ranked hospital systems in Atrium Health (formerly Carolinas HealthCare System) and Novant Health, a growing health care technology and medical equipment supplies manufacturing industry and a world-class research institution in the North Carolina Research Campus, Charlotte’s health care industry is poised to continue growing.

TOP 10 HEALTH CARE EMPLOYERS T O P 1 0 H E A LT H C A R E S U B - I N D U S T R I E S COMPANY

REGIONAL EMPLOYMENT

COUNTY

Atrium (formerly Carolinas HealthCare System)

35,700

Regional

Novant Health

12,468

Regional

Caromont Health Inc.

3,980

Gaston

Iredell Health System

1,600

Iredell

Piedmont Medical Center

1,600

York

Premier, Inc.

1,200

Regional

OrthoCarolina

1,100

Mecklenburg

White Oak Manor

938

Regional

Springs Memorial Hospital

875

Lancaster

Brookdale Senior Living

835

Regional

Sources: Charlotte Chamber, Businesswise

PROJECTED ANNUAL GROWTH RATE

EMPLOYMENT

AVG. ANNUAL WAGES

General Medical Hospitals

43,189

$61,878

0.7%

Offices of Physicians

26,268

$92,751

2.5%

Home Health Care Services

12,358

$28,850

5.2%

Nursing Care Facilities

11,208

$30,373

1.3%

Retirement & Assisted Living Facilities

9,225

$23,431

4.4%

Offices of Dentists

8,093

$57,504

2.2%

General Health Practitioners

6,536

$45,976

4.1%

Outpatient Care Centers

4,482

$48,949

3.9%

Disability, Mental Health & Substance Abuse Facilities

4,104

$24,562

3.0%

Ambulatory Health Care Services

3,172

$38,587

4.0%

INDUSTRY

(THROUGH 2027)

Source: JobsEQ

AN ADDIT IONAL 96,041 JOBS ARE INDIRECTLY SUP P ORT E D BY EXPENDITURE S OF HE ALTH CARE COM PANIE S & WORK E RS. Source: JobsEQ, Chmura Economics


234,016 J O B S :

T O TA L E M P L O Y M E N T I M PA C T O F H E A LT H C A R E S E C T O R Source: JobsEQ, Chmura Economics

ADVANTAG E S O F D OI N G BU SI N ESS I N C H ARLOTTE ACC E S S

TALENT

A F FORDABILITY

QUALITY OF L I FE

A central location on the U.S. East

Charlotte’s health care centers

Comprehensive tax reform has

Charlotte consistently ranks

and agencies rely on a talented,

brought North Carolina one of

high as a destination city for

young and growing workforce.

the lowest flat corporate tax

all ages. More than 37,000

The region’s 23 colleges and

rates in the nation at 3 percent.

newcomers arrive in the

Coast and the seventh busiest global airport put the world within Charlotte’s reach. 53 percent of the U.S. population lives within 12-hours trucking distance or a two-hour flight, and with more than 700 daily nonstop flights to

universities, plus 18 community

Charlotte area each year,

colleges and vocational schools

drawn by career opportunities,

offer training for all types of skills

diverse living options and a cost

and occupations in health care.

of living 96.2 percent of the national average.

150-plus destinations, nowhere is too far away.

L A R G E S T 2 0 H E A LT H C A R E O C C U P AT I O N S ANNUAL GROWTH RATE BY 2027

OCCUPATION

2017 EMPLOYMENT

AVERAGE WAGES

CURRENT ONLINE JOB ADS

Registered Nurses

22,427

$61,700

1,803

2.0%

Nursing Assistants

10,674

$23,600

616

1.8%

Home Health Aides

6,110

$19,500

112

4.5%

Medical Assistants

4,703

$33,300

289

3.3%

Licensed Practical and Licensed Vocational Nurses

4,338

$42,600

260

1.8%

Pharmacy Technicians

3,067

$30,900

151

1.7%

L I F E S C I E N CE -

Physicians and Surgeons, All Other

2,891

$229,100

123

2.1%

R E L ATE D

Dental Assistants

2,321

$42,100

75

2.5%

C E RTI F I CAT E S &

Pharmacists

2,053

$117,000

46

1.1%

DEGREES AWARDED

Dental Hygienists

1,699

$70,700

9

2.5%

Emergency Medical Technicians and Paramedics

ANNUALLY,

1,631

$36,600

87

1.9%

Medical Records and Health Information Technicians

1,524

$36,900

147

2.1%

Radiologic Technologists

1,482

$55,400

264

1.8%

Massage Therapists

1,349

$40,200

34

3.0%

Physical Therapists

1,252

$81,900

72

2.7%

Phlebotomists

1,155

$31,000

93

3.0%

Family and General Practitioners

1,113

$247,400

12

2.2%

Nurse Practitioners

1,058

$98,700

133

3.8%

Medical and Clinical Laboratory Technicians

857

$41,300

93

2.0%

Medical and Clinical Laboratory Technologists

614

$59,200

44

1.8%

Source: JobsEQ, Q4 2017

NE AR LY

5,000

HE ALTH CA R E O R

I NC LU D IN G

1,800 4 -Y E A R D EGR E ES & 493 P OS TGR A D UAT E D EGR E ES. Source: IPEDS and institutions


RECEN C ATI ON S AN D EXPAN SI ONS REC E N T R E LO LOC Announced a $170 million expansion of Levine Cancer Institute, including a new outpatient care center and renovation of patient rooms.

Ensemble Health Partners, a health care revenue consulting company, announced the addition of 120 jobs and the expansion of its Huntersville office in June 2016.

Announced a $45.6 million expansion of Huntersville facility, including 44 new beds, additional operating room and intensive care unit to be complete early 2019.

M E D I C A L E Q U I P M E N T M A N U FA C T U R I N G G R O W T H Capitalizing on an educated workforce, two major national hospital groups and proximity to research and development institutions such as the North Carolina Research Campus, the Charlotte region’s medical equipment manufacturing industry has rapidly expanded. Jobs in the Surgical Appliance and Supplies Manufacturing industry grew by more than 9 percent per year between 2011 and 2016. During the same period nationally, the industry grew by less than 1 percent. Dental equipment manufacturer Pelton & Crane, employs 400 workers at its Southwest Charlotte production facility.

NEW INVESTMENT

In early 2017, France-based Selenium Medical, which manufactures sterile packaging for the medical devices industry, announced plans to open a manufacturing facility in Mecklenburg County.

In 2017, Chinese-based pharmaceuticals manufacturer Prinston announced 127 new jobs and a $3 million investment into a new Charlotte facility.

Research Made Possible By: W W W.C H A R LOT T EC H A M B E R .CO M

2018 Health Care  
2018 Health Care