63rd Assembly District | Sam Pirozzolo
New York’s Hospitals and Health Systems Improve the Economy and Community
Economic and Community Benefits
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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]
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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]
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New York hospitals generate significant tax dollars and stimulate the economies of local communities and the whole state.[3]
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New York hospitals’ #1 investment is in their people, including direct salary and benefits to their employees.[4]
District Hospitals
This report includes data from the following:
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.