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Economic & Community Benefit Analyses:

Albany Memorial Hospital

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

Economic activity icon

$163,000,000

Economic activity

The economic activity generated by hospitals through jobs and the purchasing of goods and services makes up 10.1% of the state’s entire gross domestic product.

Jobs generated icon

1,100

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.

Payroll expenditures icon

$53,000,000

Payroll expenditures

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

Tax dollars generated icon

$20,000,000

Tax dollars
generated

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

Community Benefits and Investments icon

$14,000,000

Community benefits
& 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.

Outpatients Provided Care icon

187,000

Outpatients
provided care
People Treated in the Emergency Room icon

42,000

People treated in the
emergency room
People Admitted to Hospitals icon

2,600

People admitted
to hospitals
Reimbursement icon

48%

Reimbursement from Medicare & Medicaid

At this hospital, 80% of inpatient discharges and 56% 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.