Northeast Ohio Hospital Economic Impact Report
Thousands of jobs and billions in wages are generated every year by area hospitals, according to the latest Northeast Ohio hospital economic impact report.
Hospitals in Cuyahoga and surrounding counties directly employ more than 81,000 people and their 2010 construction projects employed another almost 4,000 people. Altogether, these 85,000 people earned almost $5.9 billion in salaries and benefits in 2010.
When these individuals spend their paychecks out in the community, another 83,000 jobs, paying $4.1 billion in income, are created as a result of secondary impact.
The Northeast Ohio hospital economic impact can also be seen not only in the jobs they create, but also in the revenue they draw from outside of the region. An important aspect that distinguishes the area from many other places is the extent to which patients who reside outside of Northeast Ohio travel to the region’s hospitals for care, making those facilities exporters of healthcare services. Of the $9.4 billion in total hospital revenues in 2010, approximately 16 percent – $1.5 billion – were earned from providing care to patients who live outside of Northeast Ohio.
Even nonprofit hospitals generate tax revenues, which means hospital activities also support the funding of government services. The state of Ohio benefited from a total of $676 million in 2010, including $341 million in employee income taxes and $237 million in retail sales taxes as a result of hospital employee spending.
Hospitals also provide significant value to the region through a variety of community benefit activities. In 2010, they provided a total community benefit of $1.24 billion, which includes nearly $648 million in free and subsidized care and more than $590 million in other activities such as community health improvement services, education and research.
For more on the Northeast Ohio hospital economic impact, see the full report.
Click here to read the 2006 and 2004 reports on the economic impact of hospitals in Northeast Ohio.
For more information, contact us or Deanna Moore at 216.696.6900.