PA Leads Nation in Economic Impact of Med Schools

  1. from psna

    according to a new association of american medical colleges (aamc) report on the economic impact of medical schools and teaching hospitals, academic health centers in pennsylvania are a significant economic force, impacting the state's economy to the tune of more than $26 billion in 2002. the total economic impact of pennsylvania's teaching hospitals and medical schools ranks second in the nation trailing only the total impact of academic health centers in new york. pennsylvania ranks ahead of california, massachusetts and texas in the top five.

    "this report shows that, in pennsylvania, academic healthcare is a critical component of the state's economy," states paul umbach, tripp umbach healthcare consulting, who produced the report for aamc

    the report corrects a major misconception that medical schools and teaching hospitals do not generate revenue for their respective state governments. "this study demonstrates how our institutions play a crucial role in the economic well-being of their communities," said aamc division of health care affairs senior vice president robert dickler.
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  3. by   oramar
    In the Pittsburgh area the great universities and health care institutions employ one out of every three people. Add to that all the people who work in the area providing services to medical and educational institutions but not directly employed by them and you got a huge impact. My husband is in a trades union and at any given time more than half the trades persons are involved in healthcare or educations construction.
  4. by   NRSKarenRN
    The concern from Philly area is that a monopoly is now being created in Pittsburgh healthcare with UPMC being dominate having bought up so much of smaller hospitals. Add to the mix basically only one insurance payer: Highmark (Blue Cross) so they TOGETHER they control majoprity health care decisions in Pittsburgh. The fact the UPMC now has their own insurance plan too controls where patients go for healthcare too....not much patient freedom of choice in Pittsburgh anymore.

    Great deal of concern that could happen in Philly. So far three university systems dominate: PENN, Temple and Jefferson own 90 all healthcare facilities. Insurers: IBC (Blue Cross) is dominate with Aetna secondary so at least we have some competition.

    I still want the ability to choose my doctor and hospital for my care but concerned that in 5 years that won't be possible.
  5. by   oramar
    There is something going on right now, I watch and listen to what is going on around me. Also, I know a lot of nurses and I keep in touch with them. It seems to me the latest thing for these big healthcare institutions is to use their monopoly to muscle out agency nurses and fix or bring down wages.