First-of-its-kind report showcases AdventHealth’s impact across Florida’s economy, spurring job creation across industries

A first-of-its-kind report from global consulting firm Charles River Associates shows AdventHealth contributed over $16 billion in economic benefits to Florida in 2023 and is a major job creator for industries across the state including education, construction and many other local businesses. For every AdventHealth job created, one additional job is added to the Florida economy.

With 32 hospitals, 21 freestanding ERs, and hundreds of clinics across Florida, AdventHealth not only provides world-class, whole-person care to more than 5.2 million people each year, the health care system’s economic activities are also uplifting people and communities throughout Florida.

"Our goal is to ensure Florida never outgrows its health care. This is our home state, and it is remarkable to see the impact of our mission and investments in so many ways,” said Randy Haffner, president and CEO of AdventHealth Florida. “At the heart of our commitment to Floridians and all those who seek our care are our dedicated team members and physicians. Their daily work extends far beyond our hospital walls – from helping create more jobs in our community to empowering local businesses.”

Fueling Florida’s Economy, Helping Small Businesses and Nonprofits Thrive

Charles River Associates (CRA) – experts in economic analysis, health care economics and life sciences – measured these contributions by collecting and analyzing economic and non-economic indicators that include AdventHealth’s investments in:

• Salaries, wages and benefits for more than 56,500 Florida physicians and team members
• Products and services purchased
• Health care infrastructure and workforce development
• Community benefit programs
• Unreimbursed charity care and Medicaid contributions

CRA’s analysis found AdventHealth, established in Orlando more than 115 years ago, generated the following economic benefits to Florida in 2023:

• 113,000-plus direct and indirect jobs. For every AdventHealth job created in 2023, one additional job was added to the Florida economy.
• 56,500-plus direct jobs representing AdventHealth’s dedicated clinicians and team members working across the state.
• More than $9 billion in salaries, wages and benefits for Floridians, resulting from AdventHealth’s revenues.
• More than $3 billion invested in Florida on products and services to serve the state’s growing population and its health care needs – $93 million spent directly with local small businesses and $200 million in capital investments to expand and improve AdventHealth facilities’ delivery of uncommonly compassionate care.

"Before I started our business, I worked with AdventHealth in facilities, and the organization’s mission, culture and values continue to inspire me as an entrepreneur,” said Darlin Linares, president of Absolute Painting Group. “Now, we work with many AdventHealth campuses and departments with 35 of our own team members, three facilities and a dozen vehicles.”

CRA’s analysis also found AdventHealth generated in Florida:

• $759 million dedicated to unreimbursed charity care and Medicaid care, ensuring vulnerable patients maintain access to essential health care while reducing financial barriers.
• $15.5 million provided to Florida academic institutions through endowment donations and scholarships supporting nursing students and to support the addition of 29,000 future health care jobs in Florida.

“AdventHealth doesn’t just show up – they stand up. They understand that health is about more than medicine. For years, they’ve been at the table with us, helping to solve some of our community’s toughest challenges,” said Flagler Cares CEO Carrie Baird. “Whether it’s mental health, substance use, food insecurity or early childhood care, their partnership goes beyond funding. The impact they’ve made in Flagler County isn’t just measured in dollars; it’s seen in the lives changed. We’re stronger because they’re in this with us.”

Mary Mayhew, president and CEO of the Florida Hospital Association, said the report solidifies AdventHealth’s role as an indispensable community partner dedicated to helping all communities feel whole.

“Health care is one Florida’s most important industries, and the influence of AdventHealth in our state’s health and economy cannot be understated,” Mayhew said. “This report – demonstrating AdventHealth’s more than $16 billion economic impact – shows how significant the organization’s impact is beyond medical care delivered in hospitals. As the only national health system headquartered in Florida, I’m grateful that AdventHealth is a leader in medicine, and a champion for our community’s physical and economic health.”

To learn more about the results of this economic study and AdventHealth’s ongoing commitment to the future of Florida’s health, visit https://www.adventhealth.com/news/adventhealths-impact-florida.