Nassau University Medical Center
2201 Hempstead Turnpike, East Meadow, NY 11554
www.nuhealth.net 516-572-5809
* * * Press Release ***
PRESS CONTACT:
The report, prepared with assistance from the Healthcare Association of New York State (HANYS), highlights the significant role Nassau University Medical Center plays within our local community. The data for the report are based on Institutional Cost Report (ICR) data and an updated federal Bureau of Economic Analysis multiplier. It identifies and measures the direct involvement of Nassau University Medical Center on the local economy and demonstrates the “ripple” effect of the dollars the health care sector brings into the community and the jobs it helps create In addition, it illustrates the benefit the hospital provides for a safe, stable, and healthy community. HANYS based its estimates of hospitals’ economic benefits to communities on the Regional Input-Output Modeling System II (RIMS II) developed by the U.S. Department of Commerce, Bureau of Economic Analysis (BEA). This model calculates the “ripple” effects throughout the local economy of any economic sector’s spending. This is known as the multiplier effect.
Nassau University Medical Center Purchasing
Nassau University Medical Center spends about $139,413,000 per year on the goods and services it needs to provide health care—for example, medical supplies, electricity for its buildings, and food for patients. Funds spent to buy goods and services flow from the hospital to vendors and businesses and then ripple throughout the economy.
Dollars spent by Nassau University Medical Center generate approximately $282,409,000 for the local economy.
Shelley Lotenberg
shelley@numc.edu
516-572-6055
shelley@numc.edu
516-572-6055
HEALTHCARE ASSOCIATION OF NEW-YORK STATE RELEASES THE IMPACT OF NASSAU UNIVERSITY MEDICAL CENTER ON THE ECONOMY AND THE COMMUNITY
Report demonstrates the “ripple” effect of the dollars the health care sector brings into the community and the jobs it helps create -
East Meadow, New York…..In releasing the results of a study produced by the Healthcare Association of New York (HANYS) on the impact of Nassau University Medical Center (NUMC) on the economy and the community, Arthur A. Gianelli, President/CEO of the NuHealth Sytem, stated: “Nassau University Medical Center is proud to provide care to our community. Our doors are open 24 hours a day, seven days a week, 365 days a year, providing quality care to all for over seventy-five years. Every year, we serve thousands of individuals and keep our community healthy, strong, and vibrant. This record of service is and always will be our most valuable contribution to the community.”
The report, prepared with assistance from the Healthcare Association of New York State (HANYS), highlights the significant role Nassau University Medical Center plays within our local community. The data for the report are based on Institutional Cost Report (ICR) data and an updated federal Bureau of Economic Analysis multiplier. It identifies and measures the direct involvement of Nassau University Medical Center on the local economy and demonstrates the “ripple” effect of the dollars the health care sector brings into the community and the jobs it helps create In addition, it illustrates the benefit the hospital provides for a safe, stable, and healthy community. HANYS based its estimates of hospitals’ economic benefits to communities on the Regional Input-Output Modeling System II (RIMS II) developed by the U.S. Department of Commerce, Bureau of Economic Analysis (BEA). This model calculates the “ripple” effects throughout the local economy of any economic sector’s spending. This is known as the multiplier effect.In stressing the importance of the NuHealth System’s NUMC on the economy and the local community, Gianelli added: “Less often recognized is the hospital’s contribution to the local economy, including the people it employs, the impact of its spending, the effect of hospital employees’ spending and the taxes they pay. Nassau University Medical Center is critical to the economic viability of our community. Nassau University Medical Center is a major source of employment and purchaser of goods and services, as well as providing health care that allows people to be productive citizens.”
Steven J. Walerstein, MD, FACP, executive vice present for medical affairs and medical director, indicated: “Hospitals strengthen the infrastructures of local communities. Communities rely on their local hospitals and health systems to provide high-quality health care; bring life into the world; care for the aged; ensure safety when an emergency or disaster strikes; educate people about the impact of lifestyles on their health and well-being; and provide comfort at the end of life.”
Nassau University Medical Center is an Economic Anchor in Our Community
In addition to enhancing the health and well-being of the communities we serve, Nassau University Medical Center contributes
significantly to the area’s economic health. In 2008, we had an estimated total annual economic impact of $1,015,334,000.
In addition to enhancing the health and well-being of the communities we serve, Nassau University Medical Center contributes
significantly to the area’s economic health. In 2008, we had an estimated total annual economic impact of $1,015,334,000.
Nassau University Medical Center is a Major Employer
Nassau University Medical Center employs 3,520 people, with a total payroll of $324,737,000. Hospital payroll expenditures serve as an important economic stimulus, creating and supporting jobs throughout the local and state economies.
Dollars earned by Nassau University Medical Center employees and spent on groceries, clothing, mortgage payments, rent, etc., generate approximately $657,820,000 in economic activity for the local economy.
Nassau University Medical Center employs 3,520 people, with a total payroll of $324,737,000. Hospital payroll expenditures serve as an important economic stimulus, creating and supporting jobs throughout the local and state economies.
Dollars earned by Nassau University Medical Center employees and spent on groceries, clothing, mortgage payments, rent, etc., generate approximately $657,820,000 in economic activity for the local economy.
Nassau University Medical Center Purchasing
Nassau University Medical Center spends about $139,413,000 per year on the goods and services it needs to provide health care—for example, medical supplies, electricity for its buildings, and food for patients. Funds spent to buy goods and services flow from the hospital to vendors and businesses and then ripple throughout the economy.
Dollars spent by Nassau University Medical Center generate approximately $282,409,000 for the local economy.
Nassau University Medical Center Capital Spending
In 2008, Nassau University Medical Center spent $37,076,000 on buildings and equipment.
Capital spending by Nassau University Medical Center generates approximately $75,105,000 for the local economy per year.
In 2008, Nassau University Medical Center spent $37,076,000 on buildings and equipment.
Capital spending by Nassau University Medical Center generates approximately $75,105,000 for the local economy per year.
The Impact of Nassau University Medical Center on State and Local Tax Collections
The employees of Nassau University Medical Center and the jobs supported indirectly by the facility paid $29,256,000 in state and local income taxes in 2008.
Furthermore, the employees of Nassau University Medical Center and the jobs supported indirectly by the facility paid $9,998,000 in local sales tax and $8,528,000 in state sales tax.
The employees of Nassau University Medical Center and the jobs supported indirectly by the facility paid $29,256,000 in state and local income taxes in 2008.
Furthermore, the employees of Nassau University Medical Center and the jobs supported indirectly by the facility paid $9,998,000 in local sales tax and $8,528,000 in state sales tax.
Nassau University Medical Center Provides Other Important Economic Benefits
Medical and Nursing Education; Construction; Research; Grants; Visitors
Medical and Nursing Education; Construction; Research; Grants; Visitors
Nassau University Medical Center Cares for Our Community
Nassau University Medical Center provides vital health care services to our community. In 2008, there were 23,883 discharges; 286,288 outpatient visits and procedures, and 75,307 emergency room visits.
Nassau University Medical Center provides vital health care services to our community. In 2008, there were 23,883 discharges; 286,288 outpatient visits and procedures, and 75,307 emergency room visits.
“Hospitals are critical to New York’s quality of life and to keeping communities healthy and vibrant. Nassau University Medical Center is a major contributor to both the local and state economies and to keeping families healthy and secure by providing needed health care services. The data contained in this report provide strong evidence that the economic benefit of our hospital on the local and state economies is significant. To continue to attract jobs to and maintain families in New York State, it is critical that the state have high-quality health care providers and services,” concluded Gianelli.
ABOUT NUHEALTH
NuHealth is a Long Island health care organization delivering essential medical care and disease and lifestyle management to everyone at every stage of life. Also known as Nassau Health Care Corporation, NuHealth is a public benefit corporation managing the operations of Nassau Medical Center, A. Holly Patterson Extended Care and a network of Family Health Centers that bring primary and specialty care out into the community. By emphasizing wellness, cultural sensitivity and collaborative efforts with the North Shore-LIJ Health System, NuHealth is working to make good care more affordable and easier to access.
NuHealth is a Long Island health care organization delivering essential medical care and disease and lifestyle management to everyone at every stage of life. Also known as Nassau Health Care Corporation, NuHealth is a public benefit corporation managing the operations of Nassau Medical Center, A. Holly Patterson Extended Care and a network of Family Health Centers that bring primary and specialty care out into the community. By emphasizing wellness, cultural sensitivity and collaborative efforts with the North Shore-LIJ Health System, NuHealth is working to make good care more affordable and easier to access.
For more information about NuHealth or its Centers of Care, visit www.nuhealth.net
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