MONTROSE, CO – Montrose Regional Health’s economic contribution totaled over $720 million to the state between 2019-2022, according to a new report.

The study, performed by the Leeds School of Business at the University of Colorado Boulder, reviewed the labor and capital portfolio of multiple hospitals in Colorado and how it translates to local expenditures on other local goods and services. Other hospitals who participated in the study include:

  • Animas Surgical Hospital, Durango
  • Community Hospital, Grand Junction
  • San Luis Valley Health, Durango
  • Vail Health, Vail
  • Valley View Hospital, Glenwood Springs

All hospitals evaluated in the study are members of the Western Healthcare Alliance, whose committee coordinated the study. Between 2019 and 2022, the economic impact of these member hospitals totaled an estimated $6.8 billion in economic output and contributed $3.8 billion to the state’s GDP. In 2022, they generated $1.9 billion in economic output and contributed $1 billion to the state’s GDP. As some of the largest employers in their communities, these hospitals directly employed 6,150 employees and supported an additional 4,724 employees in the state in 2022.

Highlights from the study include:

  • In 2022 alone, Montrose Regional Health’s economic contribution to the state totaled $207.4 million
  • Between 2019-2022, Montrose Regional Health’s economic contribution to the state totaled $724.9 million
  • Montrose Regional Health directly employed 622 workers and supported an additional 594 (for a total of 1,216 jobs over the year) in 2022
  • Every $1 spent directly within Montrose Regional Health produces an overall economic impact of approximately $1.90 in the state

“Montrose Regional Health is proud of all the ways we support our communities,” said Jeff Mengenhausen, CEO of Montrose Regional Health. “As we continue to add services, locations and caregivers, we expect that economic impact and benefit to continue to grow for our region. We are honored to invest in our caregivers, invest in great care and invest in the lives of those in Montrose and our surrounding communities.”

“Hospitals invariably have a positive impact on health in rural communities. This study focuses on their impact to rural economies,” said Brian Lewandowski, Executive Director of the Business Research Division at Leeds School of Business. “The impact of these rural hospitals stems largely from their local employment base, as well as from the other local businesses that supply goods and services to these hospitals.”

Over 93% of the total economic impact generated by independent hospitals in Colorado is generated in rural counties. The impact of independent rural hospitals for local economies is imperative to keep healthcare local in the communities thousands call home in our beautiful state. View the full study and individual hospital findings at MontroseHealth.com/CommunityImpact

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About Montrose Regional Health (www.MontroseHealth.com)

Montrose Regional Health is a 501(c)3 nonprofit healthcare system serving Montrose, San Miguel, Ouray, Gunnison, Delta, Hinsdale and San Juan counties. The hospital is licensed for 75-beds and offers an extensive range of inpatient & outpatient health care services, including cardiology, oncology, minimally invasive surgery, laboratory, medical imaging/radiology, Mountain View Therapy, Level III Trauma Center, Acute Rehabilitation Unit, Spine & Pain Center, advanced respiratory & pulmonary services, and the family birthing center. The health system has a reputation for acquiring the latest technologies in healthcare, from robotic assisted surgical services to UVC-disinfection technology. Montrose Regional Health is the second-largest employer in Montrose County, with more than 700 employees and 100 providers who represent 23 medical specialties. With a tagline that reads Caring for you like family, the health system is known for its warm patient care.

 

About Leads School of Business at the University of Colorado Boulder

Since 1916, the Business Research Division (BRD) at the University of Colorado’s Leeds School of Business has been an economic resource within the state of Colorado. The BRD conducts economic impact studies and customized research projects that assist companies, associations, nonprofits, and government agencies with making informed business and policy decisions. For 59 years, the BRD has delivered the annual Colorado Business Economic Outlook, which provides a forecast of the state’s economy by sector. The BRD also publishes the quarterly Leeds Business Confidence Index, which gauges Colorado business leaders’ opinions about the economy. The quarterly Colorado Business Review e-newsletter offers decision makers in-depth analysis and information about Colorado’s economy.

 

About Western Healthcare Alliance

Western Healthcare Alliance (WHA) began in 1989 when a small group of rural Colorado hospitals decided that there was power in numbers. Today, WHA celebrates over 30 years of collaboration with 31 healthcare members in Colorado, Utah, and Michigan. A subset of WHA members own Healthcare Management, a sister company of WHA, which provides revenue cycle solutions to healthcare entities. WHA’s Community Care Alliance provides population health infrastructure through care coordination programs and chronic care management strategies. Developing and managing a menu of member-owned and partner programs, WHA saves members money that helps them remain sustainable and viable in their communities. For more information visit www.wha1.org.