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The Rockefeller University

New York’s Hospitals and Health Systems Improve the Economy and Community

Economic and Community Benefits

Economic activity

$32,000,000

The economic activity generated by hospitals through jobs and the purchase of goods and services makes up 10.3% of the state’s entire gross domestic product.[1]

Jobs generated

200

Hospitals and health systems are often the largest employers in communities, generate many more jobs and are top 10 private sector employers in every region of New York.[2]

Tax dollars generated

$7,600,000

New York hospitals generate significant tax dollars and stimulate the economies of local communities and the whole state.[3]

Payroll expenditures

$12,000,000

New York hospitals’ #1 investment is in their people, including direct salary and benefits to their employees.[4]

Patients Served

Outpatients
provided care

1,300

Hospitals serve patients in their communities 24/7, 365 days a year.[4]

Patients covered by Medicare and Medicaid

At this hospital, Medicare and Medicaid patients make up:

  • 28% of all outpatients provided care

Data sources:

  • [1] Data are mainly from 2023 New York state hospital cost reports and the 2022 RIMS II multipliers. The New York State GDP is from the Bureau of Economic Analysis.
  • [2] Data are mainly from 2023 New York state hospital cost reports and the 2022 RIMS II multipliers. Private sector employment information is from the NYS DOL.
  • [3] Data are mainly from 2023 New York state hospital cost reports and state/federal tax tables.
  • [4] Data are mainly from 2023 New York state hospital cost reports.

The data and reports shared on this website were last updated in December 2024; they are updated on an annual basis.