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.
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.
New York hospitals’ #1 investment is in their people, including direct salary and benefits to their employees.
New York hospitals generate significant tax dollars and stimulate the economies of local communities and the whole state.
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.
In this district, 64% of inpatient discharges and 55% 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.
‡ Due to their inherent safety-net role, these two public hospitals are exempt from reporting community benefit and investment activity to the federal government. As a result, millions of dollars for these commitments are not included in the data shown.
* The data for this hospital reflect consolidated health system results.