Banner Health report underscores major economic, workforce impact across Arizona

As Arizona’s largest private employer, Banner Health is highlighting its outsized role not only in health care, but in the state’s broader economy.

In its newly released 2025 annual report, the Phoenix-based nonprofit health system said it invested $1.1 billion back into the communities it serves, supporting patient care, workforce development, research, and prevention efforts. The report also estimates Banner’s operations generate a $12 billion annual economic impact across Arizona.

The figures reinforce Banner’s standing as one of Arizona’s most consequential institutions for both public health and economic growth.

According to the report, Banner supports 140,000 jobs statewide, including 60,000 direct employees and another 80,000 indirect jobs tied to its operations and related economic activity.

For Arizona’s business community, those numbers underscore how health care systems increasingly serve as pillars of regional economic development, workforce stability, and long-term competitiveness.

“A strong health care system is foundational to a strong economy,” Arizona Chamber of Commerce & Industry President and CEO Danny Seiden said. “Banner Health’s continued investment in Arizona’s workforce, communities, and long-term health outcomes demonstrates how essential institutions like this help make our state a place where businesses can grow, families can thrive, and talent wants to live and work.”

That broader economic perspective is reflected in Banner’s nonprofit model, which emphasizes reinvestment in patient care, technology, workforce development, and community-based services across Arizona.

“As a nonprofit health system, every dollar we earn is invested into our care, services, technology, talent and communities, not Wall Street shareholders,” Banner Health President and CEO Amy Perry said in the report’s release.

That reinvestment model is especially visible in Banner’s workforce pipeline efforts, a critical issue as Arizona continues to grapple with population growth and a rising demand for health care professionals.

The annual report notes Banner trains more than 1,300 residents and fellows each year, supports 7,000 nursing students annually, and provides hands-on health care career experiences for more than 3,500 high school students through programs such as Camp Scrubs.

Those investments come as Arizona employers across sectors continue to emphasize the importance of talent development and workforce readiness.

Beyond its role as an employer, Banner also detailed major investments aimed at improving health outcomes in Arizona communities.

Among the report’s highlights, the system said it served 70,000 meals to low-income seniors through the Banner Olive Branch Senior Center and distributed more than 1 million pounds of food through its pantry operations.

Banner’s BIG Pink Bus mobile mammography program also screened nearly 1,000 women, with 18% receiving their first-ever screening, expanding access to preventive care in communities that may otherwise face barriers to early detection services.

The report also cites measurable gains in preventive care among Medicaid populations, including a 114% increase in colorectal cancer screenings and more than an 1,100% increase in blood pressure checks year over year.

For employers and policymakers alike, those gains carry implications that extend beyond the health sector.

A healthier workforce can translate into reduced absenteeism, improved productivity, and lower long-term health costs — all factors that influence Arizona’s economic competitiveness.

As the state continues to attract new residents, businesses, and investment, Banner’s report makes clear that health care infrastructure remains a central driver of Arizona’s economic momentum.