The study looked at the economic impact of 133 medical schools and 255 teaching hospitals within AAMC, meaning the average AAMC-member organization had an individual economic impact of $1.51 billion. “Economic impact” was defined as both the direct and indirect business volume generated by a medical school or teaching hospital.
Of the $587 billion in economic business, $255 billion involved direct spending, such as capital improvements and purchases of goods, while $332 billion related to indirect spending, such as business generated by teaching hospitals and medical schools in other sectors.
AAMC members also created 3.5 million full-time jobs in 2011, according to the report.
More Articles on Teaching Hospitals:
7 Georgia Hospitals Receive Funding to Form Residency Programs
10 Things to Know About The Nebraska Medical Center
CFO Dan Moncher: Upgrading Credit at Firelands Regional Medical Center
Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit
