Albany Medical Center
New York’s Hospitals and Health Systems Improve the Economy and Community
Please note:
Albany Medical Center - South Clinical Campus reports its data with other facilities. You’ve been taken to the report that includes this hospital’s data.
Economic and Community Benefits
$2,436,000,000
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]
9,800
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]
$245,000,000
New York hospitals generate significant tax dollars and stimulate the economies of local communities and the whole state.[3]
$465,000,000
New York hospitals’ #1 investment is in their people, including direct salary and benefits to their employees.[4]
$312,000,000
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.[5]
Patients Served
provided care
714,000
emergency room
78,000
to hospitals
38,000
delivered
2,300
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:
- 68% of all people admitted
- 51% of all outpatients provided care
49% of patient service revenue at this hospital comes from Medicare and Medicaid. This is a result of the large volume of services being reimbursed by Medicare and Medicaid, which do not cover the cost of care, driving significant underpayment from these public insurance programs.[4]
Hospitals Included
This report includes data from the following:
- Albany Medical Center
- Albany Medical Center - South Clinical Campus
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.
- [5] Data are from 2022 IRS form 990 Schedule H, reported by hospitals.
The data and reports shared on this website were last updated in December 2024; they are updated on an annual basis.
