Navigation Links
Report: Hospitals Pump $18 Billion Into N.J. Economy
Date:12/16/2008

Data Also Shows Nearly 145,000 TotalHospital Jobs

PRINCETON, N.J., Dec. 16 /PRNewswire-USNewswire/ -- New Jersey hospitals are a key economic engine for the state, providing more than 113,000 full-time jobs, $7 billion in employee salaries and more than $18 billion in total spending, according to the New Jersey Hospitals 2008 Economic Impact Report.

Hospitals have long been known for their societal contributions, including $1.3 billion in annual charity care services. But the new report from the New Jersey Hospital Association details the many economic contributions of New Jersey's hospitals and their employees. Those contributions are critical in a sagging economy.

"Hospitals are dependable sources of jobs, income taxes and spending through good times and bad," said NJHA President and CEO Betsy Ryan. "Even in a recession, individuals continue to depend on their community hospitals -- perhaps even more so as rising unemployment claims more individuals' health insurance."

The report's findings are based on 2007 hospital cost reports filed with the State of New Jersey. The report shows that New Jersey's acute care hospitals delivered:

  • $18 billion in total expenditures
  • $2.2 billion in purchased services
  • More than 113,000 full-time jobs and total employment of 145,000 full- and part-time positions.
  • More than $7 billion in total employee salaries
  • Nearly $400 million in state income taxes paid by hospital employees.
  • More than $72 million in state taxes and fees to support various health programs.

The report examines both hospitals' statewide contributions, as well as the economic contributions of individual hospitals to their local communities. A third analysis examines the data for New Jersey's 21 counties.

"This data paints a compelling picture of the compassionate care and economic stability delivered by New Jersey's hospital community," said Sean Hopkins, NJHA's senior vice president of health economics.

New Jersey is home to 74 acute care hospitals, but those numbers are dwindling. Eight N.J. hospitals have closed in the last two years, and half of the remaining hospitals are losing money.

To view the report, log on to the NJHA Web site at www.njha.com/press/Reports.aspx and click on New Jersey Hospitals 2008 Economic Impact Report.


'/>"/>
SOURCE New Jersey Hospital Association
Copyright©2008 PR Newswire.
All rights reserved

Related medicine news :

1. World Alzheimer's Day 2008 Special Report: New Alzheimer Targets Take Center Stage
2. New Report: Ballot Measure 3 Will Reduce Smoking, Save Lives and Save Money in North Dakota
3. Report: ER Visits Skyrocket
4. UNC report: Heat-related deaths in high school football players dip, but all are preventable
5. The MedZilla Report: June 2008 Employment Outlook for Biotech/Pharma/Health
6. Earthjustice/EIP Report: Dangerous Mercury Pollution From Unregulated Cement Kilns in U.S. About Twice as High as Levels Previously Projected by EPA
7. The MedZilla Report: May 2008 Employment Outlook for Biotech/Pharma/Health
8. New report: The truth about drug innovation
9. New Report: Increasing Mississippis Cigarette Tax Will Reduce Smoking, Save Lives and Save Money
10. Report: Some Nurses Paid More Than Family Physicians
11. Report: NIH and Global Health Research are a Major Boon to All State Economies
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:10/13/2017)... ... October 13, 2017 , ... “America On The Brink”: the Christian history of ... Brink” is the creation of published author, William Nowers. Captain Nowers and his ... veteran, he spent thirty years in the Navy. Following his career as a ...
(Date:10/12/2017)... ... October 12, 2017 , ... Planet Fitness, one of the largest ... its plans to open a flagship location in Covington, LA at 401 N. U.S. ... Go store next to Office Depot in the Holiday Square shopping center. Its location ...
(Date:10/12/2017)... MD (PRWEB) , ... October 12, 2017 , ... The ... of Excellence to Carol Friedman, PhD, FACMI, during the Opening Session of AMIA’s Annual ... – 8. , In honor of Morris F. Collen, a pioneer in the field ...
(Date:10/12/2017)... ANGELES (PRWEB) , ... October 12, 2017 , ... ... Parsa Mohebi Hair Restoration, has recently contributed a medical article to the newly ... on cosmetictown.com. Dr. Mohebi’s article spotlights the hair transplant procedure known as ...
(Date:10/12/2017)... FL (PRWEB) , ... October 12, 2017 , ... On ... holding a treadmill relay – Miles by Moonlight to raise money for the American ... $300 or more. , Teams will work together to keep their treadmills moving ...
Breaking Medicine News(10 mins):
(Date:9/19/2017)... 2017   ZirMed Inc ., a recognized leader in ... it has been ranked #1 by its users for the ... 2017 User Survey. ZirMed was recognized as the top-ranked end-to-end ... medical centers over 200 beds and holds one of the ... survey history. ...
(Date:9/13/2017)... has been named the official orthopedic and sports medicine ... 2018 College Football Playoff (CFP) National Championship to be played ... Atlanta, Georgia . OrthoAtlanta is proud to be ... many activities leading up to, and including the national championship ... OrthoAtlanta serves ...
(Date:9/12/2017)... FRANCISCO , Sept. 12, 2017  ValGenesis ... Management Solutions (VLMS), is pleased to announce the ... a member of its Board of Directors and ... ValGenesis VLMS enables life science companies to manage ... the use of paper in this process. Furthermore, ...
Breaking Medicine Technology: