Suburban New York hospitals are open 24 hours per day, seven days per week, 365 days per year, providing all levels of care to our community members who need it most. Hospitals provide free programs, services, and education in their communities, and they play a key role in keeping us, our families, friends, and neighbors healthy.
The value of hospitals in the local community extends far beyond the excellent care provided. Despite razor-thin profit margins and underpayment from public insurance programs, hospitals are economic engines within our communities. They ensure the stability of surrounding neighborhoods by offering a wide range of good paying jobs and by supporting local businesses. In many communities, the hospital is the largest employer.
The Healthcare Association of New York State (HANYS) annually examines just how valuable hospitals are to their communities, using economic analysis tools to quantify the economic and community benefit of hospitals. HANYS’ most recent analysis found that state-wide economic activity generated by hospitals through jobs and the purchase of goods and services makes up 10.4 percent of the state’s entire gross domestic product (GDP). GDP is the indicator of a region or country’s economic growth and prosperity.
Last year, suburban New York hospitals on Long Island and in the Hudson Valley pumped more than $45 billion into their local economies, generated 190,000 jobs, and provided more than $3 billion in community benefits and investments. The list goes on and on.
Learn more about how strong hospitals foster healthy communities and local economies:
