February 14, 2023
Nashville’s health care ecosystem represents a $67 billion industry annually, according to the results of a new economic impact study by the Nashville Health Care Council, in collaboration with local economist Murat Arik, Ph.D.
Despite the unique economic disruption that resulted from COVID-19 shutdowns, the Nashville MSA health care sector proved to be more resilient than many other industries and showcased a quicker recovery. As home to 18 major publicly traded health care companies, Nashville continues its growth as the health care industry hub.
Although the scope of the health care industry in Nashville is enormous, the two areas of focus in the Economic Impact Study are:
- Core health care industry – ambulatory services, hospitals, and nursing and residential care facilities that provide care in the Nashville MSA*
- Health care industry cluster – core health care industry and other related health care industries such as health care management companies, life sciences research and professional services firms that operate on a local, national, or international basis
Nashville has a….
View past reports:
- 2003 Economic Impact Study
- 2006 Economic Impact Study
- 2010 Economic Impact Study
- 2015 Economic Impact Study
*Nashville MSA includes Cannon, Cheatham, Davidson, Dickson, Macon, Maury, Robertson, Rutherford, Smith, Sumner, Trousdale, Wilson, and Williamson counties.
The results of this latest study illustrate the continued growth of health care in Nashville since previous Council economic impact studies (conducted in partnership with the Business and Economic Research Center at Middle Tennessee State University) released in 2015, 2010 and 2005.