Montefiore Medical Center
New York’s Hospitals and Health Systems Improve the Economy and Community
Please note:
Montefiore Wakefield Campus reports its data with other facilities. You’ve been taken to the report that includes this hospital’s data.
Economic and Community Benefits
$7,647,000,000
The economic activity generated by hospitals through jobs and the purchase of goods and services makes up 9.6% of the state’s entire gross domestic product.[1]
31,000
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]
$1,767,000,000
New York hospitals generate significant tax dollars and stimulate the economies of local communities and the whole state.[3]
$3,057,000,000
New York hospitals’ #1 investment is in their people, including direct salary and benefits to their employees.[4]
$1,040,000,000
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
2,500,000
emergency room
270,000
to hospitals
78,000
delivered
4,500
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:
- 83% of all people admitted
- 75% of all outpatients provided care
64% 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:
- Montefiore Medical Center
- Montefiore Medical Center - Einstein Campus
- Montefiore Medical Center - Westchester Square Campus
- Montefiore Wakefield Campus
Data sources:
- [1] Data are mainly from 2022 New York state hospital cost reports and the 2021 RIMS II multipliers. The New York State GDP is from the Bureau of Economic Analysis.
- [2] Data are mainly from 2022 New York state hospital cost reports and the 2021 RIMS II multipliers. Private sector employment information is from the NYS DOL.
- [3] Data are mainly from 2022 New York state hospital cost reports and state/federal tax tables.
- [4] Data are mainly from 2022 New York state hospital cost reports.
- [5] Data are from 2021 IRS form 990 Schedule H, reported by hospitals. This figure does not include the billions more in community benefit provided by New York’s 21 public hospitals, which are exempt from this IRS reporting.