Newyork-Presbyterian New York’S Hospitals and Health Systems Improve the Economy & Community

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NewYork-Presbyterian New York’s Hospitals and Health Systems Improve the Economy & Community Economic & Community Benefits $4,978,000,000 Payroll expenditures $15,059,000,000 $2,914,000,000 Economic activity Tax dollars generated $1,471,000,000 67,000 Community benefits Jobs generated & investments All data in this report are explained on the back page. 3,600,000 696,000 219,000 26,000 Quality Healthcare Outpatients People treated in People admitted Babies delivered provided care the emergency room to hospitals Reimbursement from Medicare & Medicaid State & Federal Funding 47% At this system, 65% of inpatient discharges and 58% of outpatient visits are covered by Medicare and Medicaid. This report includes data from the following: Gracie Square Hospital NewYork-Presbyterian Hudson Valley Hospital NewYork-Presbyterian Westchester Division NewYork-Presbyterian Allen Hospital NewYork-Presbyterian Lawrence Hospital NewYork-Presbyterian/Columbia University Irving Medical NewYork-Presbyterian Brooklyn Methodist Hospital NewYork-Presbyterian Lower Manhattan Hospital Center NewYork-Presbyterian David H. Koch Center NewYork-Presbyterian Queens NewYork-Presbyterian/Weill Cornell Medical Center © Healthcare Association of New York State, Inc. | January 2021 Economic & Community Benefits Economic activity Payroll expenditures The economic activity generated by hospitals through New York hospitals’ #1 investment is in their people, jobs and the purchasing of goods and services makes up including direct salary and benefits to their employees. 10.1% of the state’s entire gross domestic product. Tax dollars generated Jobs generated New York hospitals generate significant tax dollars and Hospitals and health systems are often the largest stimulate the economies of local communities and the employers in communities, generate many more jobs and whole state. are top 10 private sector employers in every region of New York. 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. State & Federal Funding Reimbursement from Medicare & 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. © Healthcare Association of New York State, Inc. | January 2021.

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