The 2016 Economic Impact Report detailed the economic contributions and financial summaries of hospitals and health systems in the state according to location and type of facility.
Here are four findings from the report.
1. Acute care hospitals in the state provided 119,000 full-time equivalent jobs to residents in the state in 2015. Of those, 31,583 jobs were in the nursing field.
2. Hospitals spent a total of $3.1 billion on purchased services, including contracted labor ($1.5 billion), pharmaceutical drugs ($1.2 billion) and utilities ($260 million).
3. The report found hospitals in the state acted as the primary source of medical services for the state’s 700,000 uninsured patients in 2015.
4. Acute care hospitals paid a combined total of $153 million in annual state and local taxes.
More articles on healthcare finance:
9 recent hospital outlook and credit rating actions
Moody’s affirms ‘A1’ rating on Phoebe Putney Memorial Hospital’s bonds
Fitch assigns ‘BB+’ rating to Orange Regional Medical Center bonds
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.