There's just no way to talk about Minnesota's health care industry without using superlatives. Our reputation as a leader in health care services precedes us.
Our treatment and research facilities are the envy of the nation and world. And the sector is an extremely important part of the state's economy.
In fact, the future of medicine and health is being written in Minnesota, where renowned academic and research resources combine with a cadre of top-ranked providers to bring high-quality care, expertise and facilities to every corner of the state.
Minnesota's 143 hospitals and health systems employ more than 121,000 people.The state continues to be a leading venue for the medical device industry. And the expertise it has developed in health care and biotech is generating new opportunities in health care information technology, diagnostics, and therapeutics.
Mayo Clinic in Rochester -- where more than 1 million people from around the world come each year for the most advanced medical care available anywhere -- is the epicenter of health-care innovation. Mayo Clinic was ranked the best hospital in the country for 2014-2015 by U.S. News and World Report.
Overall, Mayo employs more than 37,200 people in Minnesota and generates more than $9.6 billion in economic impact to the state. It's home to more than 4,200 staff physicians and scientists. Breakthrough research at Mayo runs across every spectrum of medicine, and its extensive clinical trials give state residents access to state-of-the-art treatments.
The presence of Mayo, along with the new enterprises that spring from it and the companies that want proximity to it, are transforming the clinic's home city of Rochester.
The $6 billion Destination Medical Center (DMC) initiative aims to make Rochester even more of a global health care hub. Anchored by Mayo, the plan includes Discovery Square, a sub-district of DMC that will house science, technology and bio-business startups and research groups. The DMC initiative is expected to attract 35,000 to 45,000 new jobs and generate $7.5 to $8 billion in new net tax revenue over the next 35 years.
Nationally recognized hospitals blanket Minnesota with high quality care.
In addition to Mayo, Abbott Northwestern Hospital in Minneapolis and St. Cloud Hospital were nationally ranked in certain specialties by U.S. News and World Report. Mayo Clinic ranked in 15 specialties, Abbott Northwestern in five specialties, and St. Cloud in two specialties.
Overall, the health care and social assistance sector employs more than 430,700 workers in the state and has added more than 105,000 jobs since 2004. Four of the 10 largest employers in the state are in health-care delivery.
Minnesota ranks among the top four in the nation for high-quality and low-cost hospital and health care, according to the federal Agency for Healthcare Quality and Research, and the Centers for Medicare and Medicaid Services.
Minnesota's leadership on patient safety and quality is recognized throughout the nation. The state's hospitals are spearheading dozens of patient safety initiatives to improve care, including a nation-leading reporting system on adverse health events, multiple patient safety calls to action and development of new methods of measuring quality.