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October 17, 2016 (Cleveland, Ohio)

Crain’s Features The Center’s Economic Impact Report

Crain's LogoOn Sunday, Oct. 16, Crain’s Cleveland published an article discussing The Center for Health Affairs’ economic impact report. According to the latest report, hospitals in Northeast Ohio contributed to a direct and indirect labor income of $11.5 billion and a total of 167,534 jobs in the region.

The Northeast Ohio economic impact report examines the far-reaching impact of the region’s hospitals on the local labor market and assesses the tax impact, utilization, average annual salary and the community benefit of hospitals in Northeast Ohio and the communities they serve.

In the Crain’s piece, “Study 'reinforces' impact of hospitals to economy,” Laura Gronowski, FACHE, chief of staff, emphasizes how the economic impact report shows the importance of hospitals to Northeast Ohio and the financial health of the community. “The hospitals are major employers in the area and contribute greatly to the financial strength," said Gronowski.

Hospitals in Cuyahoga and surrounding counties employ more than 81,000 people directly, plus roughly 4,300 through their construction projects. Combined, these employees earned almost $7 billion in salaries and benefits in 2015. Download a one-page economic impact infographic with these and other highlights here.

To read the full Crain’s Cleveland piece on The Center’s economic impact report, log in here.