Four things to know:
1. Overall in fiscal year 2021, Cedars-Sinai provided or indirectly contributed to 81,680 jobs for workers who earned $6.5 billion in salary and benefits, according to the analysis.
2. Cedars-Sinai allocated around $900 million to community benefit spending through several of programs during the period, including more than $462 million from Cedars-Sinai Medical Center to subsidize the cost of services for patients with Medicare and Medi-Cal and those without health insurance, and more than $30 million to support 200-plus community organizations serving those in need. This spending yielded an estimated additional $504 million in total economic output, according to the report.
3. In fiscal year 2021, Cedars-Sinai fueled $879 million of activity in finance and insurance, $306 million in wholesale trade, $214 million in transportation and warehousing and $171 million in manufacturing, according to the report.
4. Construction spending at facilities in Cedars-Sinai Health System over the past five years generated more than $5.9 billion in total economic output, the report found.
“These results reflect Cedars-Sinai’s strength as an organization and dedication to our mission to serve our patients and our community as broadly as possible,” Thomas Priselac, president and CEO of Cedars-Sinai Health System, said in a Feb. 6 news release.
