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Economic & Community Benefit Analyses:

36th Assembly District  |  Zohran Kwame Mamdani

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

Economic activity icon

$5,584,000,000

Economic activity

The economic activity generated by hospitals through jobs and the purchasing of goods and services makes up 10.6% of the state’s entire gross domestic product. Data are mainly from 2020 New York state hospital cost reports.

Jobs generated icon

21,000

Jobs generated

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. Data source: New York State Department of Labor 2020.

Payroll expenditures icon

$1,553,000,000

Payroll expenditures

New York hospitals’ #1 investment is in their people, including direct salary and benefits to their employees. Data are mainly from 2020 New York state hospital cost reports.

Tax dollars generated icon

$882,000,000

Tax dollars
generated

New York hospitals generate significant tax dollars and stimulate the economies of local communities and the whole state. Data are mainly from 2020 New York state hospital cost reports and state/federal tax tables.

Community Benefits and Investments icon

$654,000,000

Community benefits
and investments

Adhering to their charitable mission, hospitals cover the cost of care provided to people in need; subsidize care and services to low-income, elderly and under-served communities; and continuously invest in many community health initiatives. Data source: 2019 IRS Form 990 Schedule H, reported by hospitals. This figure does not include the billions more in community benefit provided by New York’s 23 public hospitals, which are exempt from filing this IRS form.

Outpatients Provided Care icon

1,000,000

Outpatients
provided care
People Treated in the Emergency Room icon

127,000

People treated in the
emergency room
People Admitted to Hospitals icon

59,000

People admitted
to hospitals
Babies delivered icon

6,900

Babies delivered

The hospital-specific patient volume figures in this report are from 2020, the latest year available. Patient volume patterns were severely impacted by the COVID-19 pandemic in 2020. Even with surges of COVID-19 patients across the state, inpatient volumes were down 11% on average from 2019 to 2020; emergency room visits dropped by 20%, with overall outpatient volumes dropping by 12%. While each hospital experience during 2020 was different, these downward volume trends show just part of the pandemic’s impact on healthcare utilization and hospital financials statewide.

Reimbursement icon

50%

Reimbursement from Medicare and Medicaid

In this district, 60% of inpatient discharges and 62% of outpatient visits are covered by Medicare and Medicaid.

A large share of hospital reimbursement comes from Medicare and Medicaid, which do not cover the cost of care. This underpayment is driven by large volumes of inpatient and outpatient services provided to individuals covered by these public insurance programs.

Hospital icon

This report includes data from the following:

  • Mount Sinai Queens*

* The data for this hospital reflect consolidated health system results.