As the healthcare environment evolves, one thing remains certain: Hospital doors are always open, the lights are always on, and caregivers are always ready to heal.

Their community contributions extend far beyond providing around-the-clock, world-class care. Hospitals and health systems are fundamental to the state’s economic vitality. They are substantial consumers of goods and services required to deliver excellent care. They fuel growth and advancements in health, medical, research, and other fields. They are foundational to Connecticut’s public health infrastructure. And collectively, they are the largest employer in Connecticut.

Facing stark disparities in health and access to care, hospitals and health systems continue to maximize efforts, alongside partners, to fortify communities. Through their economic contributions, they are cultivating equitable opportunity, and with it, equitable health and well-being.

This report details the substantial financial impact of hospitals and health systems throughout the state.

TOTAL ECONOMIC IMPACT: $41.1 billion

The hospital and health system economic analysis is based on statewide multipliers from the Regional Input-Output Modeling System (RIMS II), developed by the Bureau of Economic Analysis of the U.S. Department of Commerce. It uses data from each hospital and health system’s FY 2023 audited financial statements. RIMS II provides an accounting of “inputs” purchased and “outputs” sold by an industry in the state. The spending of one industry will have ripple influence throughout a state’s economy — this is known as the multiplier effect. RIMS II regional multipliers measure both the direct and indirect impact on the state economy from a specific industry. The total number of jobs is based on individuals employed by Connecticut’s hospitals and health systems, as recorded through IRS Form W-3.