Yuma Regional Medical Center credited for $500 million economic impact
Yuma Regional Medical Center (YRMC) contributes about $500 million worth of economic impact to Yuma County each year, according to the results of a new independent economic-impact study.
According to that study, prepared by Rounds Consulting Group, Inc., hospitals throughout Arizona are directly and indirectly responsible for more than 176,000 full-time jobs and $24 billion in economic impact. Arizona hospitals such as YRMC clearly play an outsized role in driving the statewide and local economy.
The report also measures the economic and fiscal benefits of hospitals on a local level, focusing on rural regions such as Yuma County.
As the county’s largest private employer, YRMC accounts for 3,858 total full-time jobs – including 1,986 jobs directly created by the hospital, plus 1,872 indirect jobs, which include organizations and individuals that provide services or products to the hospital itself.
Overall, YRMC generates about $500 million worth of economic impact.
“In addition to caring for the health of the people living in Yuma County, the economic health of our overall community means a great deal to YRMC as well,” said Dr. Robert Trenschel, President and CEO of YRMC. “This is our community and YRMC truly is this community’s hospital. We are devoted to helping make Yuma County an even greater place to live.”
According to Jim Rounds, President of Rounds Consulting Group, hospitals represent a critical driver of the Arizona economy, helping directly and indirectly generate 177,000 jobs and $24 billion in economic impact.
“Just as critical is the economic benefit created by these institutions in communities like Yuma, where the local hospital is often one of the largest area employers,” Rounds said.
Additionally, a strong healthcare system and access to quality hospitals are essential to Arizona’s tourism market and directly tied to the state’s ability to recruit and retain non-healthcare-related employers and economic investment.
“This report makes clear that Arizona hospitals are critical not only to the health of Arizona citizens, but also to the overall health of our state and local economy,” said Greg Vigdor, President and CEO of the Arizona Hospital and Healthcare Association (AzHHA).
Vigdor pointed out that healthcare stands as the largest single industry in Arizona and one of the few sectors that continued to grow through the Great Recession.
“Now that the economy is back on stable footing, facilities like Yuma Regional Medical Center are helping lead the recovery while creating good jobs,” he said, “generating millions of dollars and providing quality care to thousands of Arizonans in Yuma County.”
is Arizona’s statewide association for those organizations and individuals devoted to collectively building better healthcare and health for the patients, people and communities of Arizona. Founded in 1939, AzHHA’s objective is to improve healthcare through Better Care, Better Health and Lower Costs with the ultimate goal of making Arizona the healthiest state in the nation. For more information, please contact firstname.lastname@example.org or call (602) 445-4300.
Yuma Regional Medical Center
is a 406-bed, not-for-profit hospital dedicated to providing outstanding medical care to the residents of Yuma and the surrounding communities in southwestern Arizona. The YRMC team includes over 2,000 employees, 300 doctors and hundreds of volunteers who work closely together to create a welcoming, caring, and compassionate environment for patients and their families.