Additionally, the direct and secondary economic activity associated with hospitals attributed roughly $9.2 billion to Oregon’s “gross state product” in 2010, an increase of 3.6 percent from 2009.
Oregon hospitals also directly generated roughly $246.2 million in tax and fee revenues for state and local tax jurisdictions in 2010, according to the report. This does not include the roughly $146 million state hospitals paid in provider fees, which were used to secure $391.3 million in extra federal matching funds for Medicaid.
Related Articles on Hospital Economic Impacts:
Iowa Hospitals Add Nearly $6.2B to State Economy
Missouri Hospitals Contributed Billions of Dollars to State Economy
New Jersey Hospitals Contributed $18.6B in Economic Activity
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.
