Report: NJ hospitals contributed nearly $22.7B to state economy in 2015

A report by the New Jersey Housing Authority found the state’s 71 acute care hospitals contributed nearly $22.7 billion to the state’s economy in 2015, an increase of roughly $1.1 billion compared to 2014.

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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.

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