Conference of Boston Teaching Hospitals

Please download to get full document.

View again

of 14
All materials on our website are shared by users. If you have any questions about copyright issues, please report us to resolve them. We are always happy to assist you.
Information Report



Views: 0 | Pages: 14

Extension: PDF | Download: 0

Related documents
Conference of Boston Teaching Hospitals October 2017 COBTH by by the the Numbers Numbers Employees 68,974 i Indirect Employees 100,371 ii Total Employment Impact 169,345 Direct Economic Impact $13.7B iii
Conference of Boston Teaching Hospitals October 2017 COBTH by by the the Numbers Numbers Employees 68,974 i Indirect Employees 100,371 ii Total Employment Impact 169,345 Direct Economic Impact $13.7B iii Indirect Economic Impact $20.7B ii Total Economic Impact $34.4B Community Benefit Funding $189.5M iv Net Charity Care Provided $165.1M iv Federal Research Funding $1.23B v Active Clinical Trials 3,038 vi Interns/Resident/Fellows 5,442 i Licensed Beds 4,819 i Emergency Department Visits 741,700 i Outpatient Visits 6.9M i Discharges 260,843 i Deliveries 20,122 vii Introduction As new ways to provide and finance care evolve, the role of teaching hospitals in our healthcare system has never been more important. With a culture of innovation and a commitment to new knowledge and discovery, teaching hospitals are leading change in our healthcare system, nationally and here at home in Massachusetts. In addition to being large clinical, educational and research enterprises, teaching hospitals also have a profound impact on the local and regional economy. Conference of Boston Teaching Hospitals (COBTH) members are a driving force in the innovation economy that makes Massachusetts the envy of other states and nations. COBTH member hospitals employ more than 68,000 people, drive more than $13B in economic activity, and attract more than $1.2B in federal research funding. While Boston teaching hospitals are world renowned, their most important resource lies just outside their doors, in the communities they call home. For hundreds of thousand of people, a COBTH member hospital is their community hospital. COBTH member hospitals partner with local organizations and government to devote significant resources and expertise to address the unmet social and healthcare needs in the communities they serve. In FY16, COBTH hospitals dedicate more than $189M to these community benefits programs. Teaching hospitals are uniquely positioned to provide the leadership and the innovation needed to transform our healthcare system. They pioneer new ways to care for patients with chronic illnesses and new models of care that help patients better navigate a complex system of care. In addition to training the next generation of healthcare professionals, these hospitals are developing and testing more effective treatments today that will transform patient care tomorrow. 1 Listening Supporting Partnering for Healthy Communities By providing care for the uninsured and partnering with community based organizations, municipalities and others to address unmet social and healthcare needs, COBTH member hospitals are helping to build healthier families and communities. COBTH hospitals work with local public and private agencies to assess the needs of communities and partner to develop, implement, and support dozens of community benefit programs that have a real impact on people s lives. Partnering with hundreds of local organizations, COBTH hospitals invested more than $189M in community benefit funding in FY16 to develop and support innovative programs aimed at serving those in need. These programs are more than just statistics and numbers; they represent neighborhoods, parents, children, recent immigrants, the homeless, and those with nowhere else to turn. FY16 Community Benefits iv COBTH Member Hospitals * Direct Expenditures $154,476,882 - Determination of Need $2,532,070 - Employee Volunteerism $112,604 - Other Leveraged Resources $32,350,090 Total Community Benefit $189,471,646 Community Service Expenditures $2,804,878 Net Charity Care Provided $165,059,941 Total Resources $357,336,465 * Does not include Boston Medical Center and Cambridge Health Alliance 3 Exploring Discovering Curing Discovering Tomorrow s Cures In 2016, Massachusetts ranked second among all states in research funding awarded from agencies including the National Institutes of Health (NIH), the National Science Foundation, and the Centers for Disease Control and Prevention. Researchers at COBTH member hospitals were awarded more than $1.2B in federal research funding, where more than 3,000 active clinical trials are now under way. The strong partnership between teaching hospitals, the NIH, and the life science industry has helped pioneer many of medicine s most remarkable advances, including new and better treatments for cancer, diabetes, and heart disease, life-saving vaccines, and advanced technology to improve quality of life. The concentration of federal research funding at our teaching hospitals serves as an anchor for the Commonwealth's life sciences industry. As of 2016, Massachusetts is home to more than 1,000 biopharma companies and more than 300 medical device companies, with 16 of the world's top twenty biopharma companies having a physical presence here in the Commonwealth. CA MA NY Jobs Supported by NIH Funding in 2016 viii 57,597 31,019 27, MA NIH Funding ($M) by Industry Sector Nonprofit Research Inst. $211.0 For Profit Companies $121.8 Higher Education $817.2 PA 21,751 MD 18,970 Hospitals $1,227.3 Other Nonprofit $8.4 5 Learning Listening Educating Training Tomorrow s Healthcare Workforce Medical education is at the core of the mission of each COBTH member hospital. Education programs at out member hospitals touch a wide cross section of people each day: their own workforce, patients, medical residents, visiting researchers, student nurses, community members entering the workforce and future generations of health care professionals. These programs ensure hospitals and health centers throughout the Commonwealth and the nation gain a ready supply of health care professionals; nearly 60% of actively practicing physicians in Massachusetts completed their medical residency or fellowship here. The critical role that academic medical centers play in training health professionals has never be more important as Massachusetts leads the nation in addressing physician shortages and reforming healthcare payment and delivery systems. Residents & Fellows in Residents & Fellows in ACGME Programs ix ACGME Primary Care Programs # per 100,000 # per 100,000 State Population Rank Population Rank MA NY RI CT PA Leading Investing Driving Building Driving the Local and Regional Economy COBTH member hospitals provide access to high quality healthcare services 24 hours a day, seven days a week. But the impact these hospitals make on their communities extends far beyond they care they provide. COBTH member hospitals generate more than $13.7B in direct economic activity and more than $20B in indirect economic impact. Greater Boston s teaching hospitals directly employ more than 68,000 people. But direct employment is only the beginning of a powerful story of how the operations of these hospitals drive additional employment at hotels, restaurants, construction firms, laundry and cleaning services, and other professional service companies. 169,345 Employment and Economic Impact of COBTH Member Hospitals 100,371 68,974 Direct Indirect Total $13.7B $20.7B Jobs (FTEs) Economic Activity $34.4B In many cities and towns in Massachusetts, the largest employer is often the local hospitals. The story is no different in Boston where five of the top ten private employers are COBTH member hospitals x 1. Massachusetts General Hospital 2. Brigham and Women s Hospital 3. Boston University 4. Boston Children s Hospital 5. State Street Bank & Trust 6. Beth Israel Deaconess Medical Center 7. Harvard University Graduate Schools 8. Northeaster University 9. Fidelity Investments 10. Boston Medical Center 9 About COBTH The Conference of Boston Teaching Hospitals (COBTH) is an organization of thirteen Boston-area teaching hospitals that works to advance policies critical to the core mission of academic medical centers: advancing medical education, funding biomedical research, improving patient care and serving vulnerable populations. COBTH works on behalf of our member hospitals with city, state and federal officials, members of the business community, consumer groups and others to affect needed change and to make the communities they serve healthier places to live. Chair John Fernandez President and Chief Executive Officer Massachusetts Eye and Ear Executive Director John Erwin Data Sources i Center for Health Information and Analysis - FY16 Hospital Cost Report ii Regional Input-Output Modeling Systems (RIMSII), Regional Product Division, Bureau of Economic Analysis iii Center for Health Information and Analysis, Massachusetts Acute Hospital and Health System Financial Performance FY2016, August 2017 iv MA Attorney General Community Benefit Reports FY16 v National Institutes of Health, National Science Foundation, Department of Defense Congressionally Directed Medical Research Programs, Centers for Disease Control and Prevention and Agency for Healthcare Research and Quality vi National Institutes of Health, U.S. National Library of Medicine vii Center for Health Information and Analysis MA Hospital Profiles Acute Data Book, March 2017 viii United for Medical Research, NIH s Role in Sustaining he Economy 2017 Update ix Association of American Medical Colleges, State Physician Workforce Data Book, 2015 X City of Boston 2017 Series A Official Statement COBTH Member Hospitals 11 Beacon Street #710 Boston, MA
View more...
We Need Your Support
Thank you for visiting our website and your interest in our free products and services. We are nonprofit website to share and download documents. To the running of this website, we need your help to support us.

Thanks to everyone for your continued support.

No, Thanks

We need your sign to support Project to invent "SMART AND CONTROLLABLE REFLECTIVE BALLOONS" to cover the Sun and Save Our Earth.

More details...

Sign Now!

We are very appreciated for your Prompt Action!