Nashville's Health-Care Industry has Great Prognosis
Middle Tennessee's diverse health care industry includes giants like HCA as well as smaller institutions such as BiMimetic Therapeutics.
The No. 1 industry in Nashville is health care, and that’s music to the ears of leaders at Middle Tennessee’s 300 health-care companies.
Together, they produce more than 430,000 jobs worldwide with a combined annual revenue of more than $80 billion.
“Nashville-based companies have been involved in many of the largest leveraged buyouts and merger/acquisition transactions in health care in the United States,” says Caroline Young, president of the Nashville Health Care Council. Since 1995, the 160-member council has promoted Nashville’s health-care industry by providing executives with educational programs, networking and mentoring activities.
While hospital giants HCA and Community Health Systems have long served as cornerstones for the city’s health care industry, Nashville also is home to a diverse sector of companies, including disease management leaders Healthways and Gordian Health Solutions, hospital specialist program operator Cogent Healthcare, home health service provider Guardian Home Care Holdings, walk-in clinic operator The Little Clinic and dental managed care organization Forba Holdings.
Other notable companies include biotech firms BioMimetic Therapeutics and Cumberland Pharmaceuticals, dialysis companies National Renal Alliance and Renal Advantage, managed care operator HealthSpring, health technology provider Passport Health Communications and imaging expert e+healthcare.
“Nashville’s quality of life, management talent, ready access to capital and range of expert professional service firms that support the industry are attractive elements for health-care operations large and small,” Young says.