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:2/11/2016)... ... 11, 2016 , ... PharmMD CEO Robert Yeager ... focus on contract negotiations, corporate strategy and healthcare data law. Additional responsibilities will ... in data breaches for the Part D Star Rating improvement and Medication Therapy ...
(Date:2/11/2016)... ... February 11, 2016 , ... AccuVein Inc. announces the Infusion ... of Practice, to include vascular visualization as a standard practice. AccuVein ( http://www.accuvein.com ... the market, facilitates adherence to this standard with its easy to use, widely ...
(Date:2/11/2016)... ... February 11, 2016 , ... The annual list showcases the 20 ... DataPoint’s team dedication and commitment to the SharePoint ecosystem. A panel of ... The panel’s goal is to recognize and promote technology entrepreneurship. , The survey ...
(Date:2/11/2016)... ... February 11, 2016 , ... ... and ergoFET force gauges used in physical therapy, occupational therapy and sports medicine ... for resistance cord exercise and therapy, introduces its new microFET Digital Pinch Gauge. ...
(Date:2/11/2016)... , ... February 11, 2016 , ... ... results in significantly higher rates of several common cancer screenings, especially among women. ... better outcomes and survival rates. , The study,“What Does Medicaid Expansion Mean ...
Breaking Medicine News(10 mins):
(Date:2/11/2016)... -- --> --> Transparency ... titled "Sports Medicine Devices Market - Global Industry Analysis, Size, ... the report, the global sports medicine devices market is anticipated ... growing from a value of US$6.1 bn in 2012 to ... --> The global sports medicine devices market is fueled ...
(Date:2/11/2016)... , Feb. 11, 2016 PLAD, Inc. ... out 2016 with sales exceeding company targets, are adding ... received their trademark from the United States Patent and ... Clark , Chief Executive Officer of PLAD, Inc.  In ... Pennsylvania with two new customers, ...
(Date:2/11/2016)... , Feb. 11, 2016 Exactus ... company providing high-quality specialty pharmacy care for those ... today it has achieved full Specialty Pharmacy Accreditation ... organization dedicated to promoting health care quality through ... --> The URAC accreditation process ...
Breaking Medicine Technology: