Pennsylvania Hospitals Produce $98B Economic Impact

Non-profit and investor-owned hospitals in Pennsylvania contributed $98 billion to state and local economies, according to a report by the Hospital and Healthsystem Association of Pennsylvania.

Advertisement

Collectively, the state’s hospitals create 585,000 jobs, about one in 10 in Pennsylvania, according to the report.

Non-profit hospitals alone provided a $5.1 billion community benefit: $1 billion in charity care, $2 billion in Medicare and Medicaid discounts, $250 million in other health subsidies, $92 million in community health improvement services and programs, $627 million to train and educate healthcare professionals, nearly $975 in research and $91 million in community contributions and activities.

The report notes cuts from the health law and the sequester will trim about $9.5 billion in payments to Pennsylvania hospitals over 10 years, citing the figures in its call for Gov. Tom Corbett to expand Medicaid to more low-income residents. He is one of several Republican governors on the fence about the health law’s expansion provision.

More Articles on Hospital Community Benefits:

Report: Hospitals Pay 11.6% of Expenses to Benefit Community
Delaware Hospitals Contribute $407M Community Benefit
Charity Care and Property Taxes: Why They Are Now Inseparable

Advertisement

Next Up in Financial Management

  • UnitedHealth Group has named Patrick Conway, MD, current Optum Rx CEO, as the new CEO of Optum, effective May 6.…

  • Springfield, Mass.-based Baystate Health plans to lay off 43 employees following a workforce reduction of less than 1% in February.…

Advertisement

Comments are closed.