Economic Impact
BayCare, formed in 1997 by a core group of local hospitals, is a leading not-for-profit health care system that connects individuals and families to a wide range of services. BayCare operates 16 hospitals and hundreds of other convenient locations in West Central Florida, primarily in four counties: Pinellas, Hillsborough, Pasco and Polk. BayCare provides inpatient and outpatient services including acute care, primary care, imaging, laboratory, behavioral health, home care and wellness.
As a leading health system, BayCare is a vibrant economic engine in the West Central Florida region. To show BayCare's 2020 economic impact in the state of Florida, the Washington Economics Group (WEG), a Miami-based economics consulting firm, conducted an analysis of the organization's operating and capital expenditures, patient care, community benefit, contributions to taxes, employment and salaries. This study estimates the economic benefits of BayCare's operations and how they impact local and state economies.
BayCare: An Economic Engine
BayCare is a powerful economic engine with an annual $8.5 billion economic impact in Florida, a 29 percent increase from 2016.
Leading Employer
With 29,045 team members, BayCare is one of the largest employers in West Central Florida, providing $3 billion in household income annually.
Diverse and High-Trust Workplace
As one of the largest employers in the region, BayCare takes pride in its diverse and talented team members.
Leader in Team Member Investment
BayCare makes a significant investment in its team members’ benefits each year, totaling more than $647 million in 2019.
Community-Driven Health System
BayCare is dedicated to improving the community’s health through better patient outcomes and lower health care costs. As a not-for-profit health care system, BayCare also gives back more than 10 percent of its annual revenue to the community.
Preeminent Health System
BayCare has been repeatedly recognized as an exceptional place to work locally, regionally and nationally.
Champion of Innovation
BayCare embraces innovation, telehealth, new technology and state-of-the-art facilities to help improve population health.