That total includes more than 114,000 full-time-equivalent jobs with a payroll of $7.9 billion, $2.5 billion in purchased services such as contracted labor and pharmaceuticals and $435 million in state income taxes paid by hospital employees.
New Jersey hospitals also provide more than $1.3 billion in charity care to the state’s indigent population, according to the report.
More Articles on Hospital Economic Impact:
North Dakota Hospitals Add $4.7B to State’s Economy
Arkansas Hospitals’ 2010 Economic Impact Tops $10.3B
Rhode Island Hospitals Boost Economy by $6.3B
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.
