Colorado’s healthcare industry is a major contributor to the state’s economy. In addition to protecting Coloradans’ personal health and wellbeing, the healthcare industry supports 18% of all Colorado jobs. The underlying economic and policy conditions that impact the healthcare system are more favorable in Colorado than in most other states, according to CSI’s Free Enterprise Healthcare Competitiveness Index.
The sector’s relevance is only expected to grow as Colorado’s population ages and continues to demand more from healthcare services. Though the sector is set on a course for growth, it faces a series of headwinds which are adding financial strain to both providers and patients. A combination of market trends, inflation, state and federal regulations, and expansions of government-backed insurance coverage is increasing costs while constraining revenue. These constraints are reshaping markets across the state, especially in rural areas. All of this influenced the decision to project a negative outlook for the healthcare sector in CSI’s Free Enterprise report.
Dr. Reggie Washington was one of the authors of our recent report: Diagnosis of Colorado’s Healthcare Industry: Impact and Competitiveness Are Significant, but Warning Signs on the Rise, and he joins our Chairman and Host Earl Wright to discuss his report, its findings, and provides an outlook for the healthcare industry in Colorado. They discuss the effects of COVID, realities about costs across the industry (including patients), the role of personal responsibility, and much more in a wide-ranging chat.
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Dr. Reggie Washington is our Health & Wellness Fellow, and a National Consultant for HCA offering expertise in pediatric services to centers across the United States. Previously, he was the Chief Medical Officer at Rocky Mountain Hospital for Children and Presbyterian St. Luke’s Medical Center until 2023. His experience included 15 years of advancements in quality, physician satisfaction, and employee engagement.
In 2008 he co-founded the Rocky Mountain Children’s Health Foundation to provide support to families whose children were in need of care or mothers requiring breast milk for their babies.
As a physician and strategic leader he was the Co- Founder and Medical Director of Rocky Mountain Pediatric Cardiology and expanded outreach clinics throughout a four-state area.
He earned his M.D. in 1977, became Board Certified in Pediatrics in 1980 and Board Certified in Pediatric Cardiology in 1981.