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Health & Bioscience as Engine of Economic Growth: Case Studies of Academic Medical Centers & Their Economic Impact

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Publication Date: December 2002

Publisher(s): Center for Governmental Research Inc.

Author(s): Kent Gardner; Sarah Boyce

Funder(s): University of Rochester. Medical Center

Funder(s): University of Rochester. Medical Center

Topic: Economics (Economic policy, planning, and development)
Health (Health services administration)

Keywords: Economic Analysis; Health

Type: Report

Coverage: New York

Abstract:

CGR updated prior assessments of the economic impact on Rochester of the URMC expansion, prepared six case studies of the role academic medical centers play in their local economies and assessed the net impact of graduate medical education (GME) on the Rochester area. For the third component, CGR summed revenues received through Medicare and the NYS GME funding pool, balanced against estimates of the value of patient care provided by hospital residents.