Jefferson Health Hospitals’ Economic Impact Tops $6 Billion in Pennsylvania in 2017
PHILADELPHIA — During 2017, Jefferson Health hospitals in Pennsylvania contributed more than $6 billion to the region’s economy, according to information released by The Hospital and Healthsystem Association of Pennsylvania (HAP). Jefferson Health hospitals also supported more than 29,000 jobs in the southeast Pennsylvania region, including 14,000 directly employed by Jefferson.
“Health is far more than what happens in a hospital or doctor’s office, it is significantly affected by everything that happens in your neighborhood,” said Bruce Meyer, MD, MBA, President of Jefferson Health. “By supporting the local economy with more than 29,000 jobs and $6 billion of impact, Jefferson Health helps create the foundation for a healthy community.”
Statewide, hospitals contributed $128.9 billion to the economy and supported more than 650,000 jobs—about one in ten in Pennsylvania. Hospitals comprise 12% of the state’s economy, provide one out of every 10 jobs and are a top employer in 53 of 67 counties in Pennsylvania. Additional resources about the hospital community’s economic contributions—including regional and comparative industry data—can be found at HAP’s website.
“Each and every one of Pennsylvania’s hospitals plays a unique and important role in the communities they serve,” said Andy Carter, HAP president and CEO. “In addition to serving as major employers and key economic anchors, hospitals are delivering value that numbers simply cannot quantify. They are working to meet their communities’ most pressing needs, through addressing socioeconomic challenges, facilitating overdose prevention and opioid use disorder recovery programs, and coordinating emergency preparedness services.”
In 2016, according to data from the New Jersey Hospital Association, Jefferson Health hospitals in New Jersey infused the local economy with more than $500 million in spending.
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