PHOENIX — Banner Health generates $25.3 billion in annual economic output in Arizona and supports about 120,000 jobs, according to an independent analysis released Wednesday, KTAR News reported.
The study, by Arizona-based Rounds Consulting Group, found that Banner, the state’s largest private employer, also produces $10.1 billion in annual labor income and $610.1 million in state and local tax revenue.
Banner employs about 53,000 people in Arizona, generating nearly $12.9 billion in direct output and $12.4 billion in indirect output. Its purchases from Arizona businesses support another 32,000 jobs, and spending by its employees supports 35,000 more.
Nearly 48% of Banner’s employment impact falls outside health care, meaning that for every health care job it supports, nearly one more is supported elsewhere in the economy.
Maricopa County accounts for the biggest share, with about 95,000 jobs and $20.6 billion in annual output.
The report also looked at the workforce pipeline. Arizona is projected to be short about 23,600 health care workers by 2035. Banner trains more than 1,300 residents and fellows each year, and its Arizona employment grew 2.3% in fiscal 2025, compared with 0.8% for the rest of the state’s employers.
“The jobs we are creating and the physicians we are training are the foundation of Arizona’s economic future,” said Mark Whalen, Banner’s chief enterprise growth officer.
Sources: KTAR News. Thee Arizona Times uses AI-assisted reporting reviewed against the sources listed.
Photo: Unknown / Public domain via Wikimedia Commons.
