Illinois hospitals contribute an estimated $75.1 billion to the economy each year, roughly 6.8 percent of the state's gross domestic product, according to a new report by the Illinois Hospital Association.
The report found the hospitals provided $14.8 billion in wages and benefits in 2008, spending from which generated $20.7 billion in economic impact. Hospitals spent $13.3 billion on goods and services, generating an additional $18.7 billion in economic activity and $3.2 billion on buildings and equipment, generating an additional $4.4 billion.
For the fiscal year ending Sept. 30, 2009, hospitals in the state spent nearly $500 million on charity care, with overall community benefit reaching nearly $4.7 billion.
In 2008, hospitals in Illinois cared for 5.1 million patients in their emergency departments, admitted more than 1.6 million inpatients and experienced 30.7 million outpatient visits.
Read the IHA's report on Illinois hospitals' economic impact (pdf).
Read more on Illinois hospitals:
- Illinois' Loyola University Health Seeks Catholic Partner
- Vanguard to Acquire Chicago's Holy Cross Hospital
- Illinois' Mercer County Hospital Approves Affiliation With Genesis Health System
The report found the hospitals provided $14.8 billion in wages and benefits in 2008, spending from which generated $20.7 billion in economic impact. Hospitals spent $13.3 billion on goods and services, generating an additional $18.7 billion in economic activity and $3.2 billion on buildings and equipment, generating an additional $4.4 billion.
For the fiscal year ending Sept. 30, 2009, hospitals in the state spent nearly $500 million on charity care, with overall community benefit reaching nearly $4.7 billion.
In 2008, hospitals in Illinois cared for 5.1 million patients in their emergency departments, admitted more than 1.6 million inpatients and experienced 30.7 million outpatient visits.
Read the IHA's report on Illinois hospitals' economic impact (pdf).
Read more on Illinois hospitals:
- Illinois' Loyola University Health Seeks Catholic Partner
- Vanguard to Acquire Chicago's Holy Cross Hospital
- Illinois' Mercer County Hospital Approves Affiliation With Genesis Health System