The 2008 Economic Impact Report quantifies academic medicine’s economic impact in areas ranging from tax revenue to job creation and underscores the significant role Ohio’s medical colleges and affiliated teaching hospitals play in spurring growth in the state’s economy. Specifically, the report:
- Quantifies the economic impact of the entire academic health care industry, specifically the total economic impact of the seven medical colleges and affiliated teaching hospitals
- Breaks out the economic impact of the seven medical colleges as well as the medical education and research components of primary teaching affiliates
- Measures the direct and indirect employment impact generated in Ohio as a result of the total academic health care industry as well as the seven medical colleges and their core teaching hospitals
- Measures government revenues that are generated by the presence and operations of the entire academic health care industry as well as the seven medical colleges and their core teaching hospitals
- Calculates the amount of research funding awarded to the state of Ohio as a result of Ohio’s medical colleges
The report was produced by Tripp Umbach, which has conducted economic impact studies for hundreds of health care institutions and medical colleges throughout the country.