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University of Cincinnati Academic Health Center
Publish Date: 08/09/00
Media Contact: AHC Public Relations, (513) 558-4553
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Academic Health Center Measures $3.05 Billion Impact on Three-State Region

Cincinnati--In 1999, the University of Cincinnati (UC) Medical Center and its affiliates had a total economic impact of $3.05 billion on Greater Cincinnati, Hamilton County and a three-state region - Ohio, Indiana and Kentucky - according to a report released this month by the UC Medical Center. The Medical Center released an initial report two years ago, which quantified the economic benefits to the Tristate region for the first time, calculating the annual economic impact to be $2.45 billion.

"The Medical Center's programs and experts are widely known and well respected for excellence and innovation in research, education and patient care," said Donald C. Harrison, MD, senior vice president and provost for health affairs at UC. "What has not been as widely measured and understood is its equally dramatic impact on the social and economic health of the region. We can attribute the increase of the newly calculated impact to the fact that research funding at the Medical Center has grown substantially since 1997."

To measure the influence, the Medical Center commissioned a re-study of the 1997 economic impact study from Tripp, Umbach & Associates, a national firm that specializes in the field.

The Medical Center's $3.05 billion annual economic impact includes $1.33 billion in direct economic impact and $1.72 billion in indirect economic impact.

Other highlights include:

Economic Impact
The Medical Center's business impact totals $2.36 billion in Ohio, including $1.34 billion in Hamilton County and $676.9 million in Greater Cincinnati. The study also found that each direct dollar spent by the Medical Center generates an additional $1.30 in the region's economy

Employment
The Medical Center provides 14,746 full-time equivalent jobs (up from 11,484 in 1997) with an additional 30,000 jobs (up from 23,900 in 1997) created in the region as a result of the Medical Center economic impact's ripple effect through the Tristate. One in every 200 jobs in the region is generated as a result of the presence and operations of the Medical Center. This includes 23,280 jobs in Hamilton County and more than 18,000 jobs in the City of Cincinnati credited to Medical Center spending and operations.

Government Revenues
Ohio, Indiana and Kentucky governments received over $91.8 million in Medical Center tax-related revenues ($73 million in 1997); Ohio received $68.7 million.

Research
The University of Cincinnati is one of only 88 colleges or universities out of 5,000 designated as a "Research I university" by the Carnegie Commission - with more than two-thirds of the institution's funded research conducted by Medical Center departments, programs and investigators. In addition, Medical Center research has brought financial awards and business growth to the region. Faculty members have been the driving force in establishing 10 start-up companies within the Tristate.

Education
A total of 3,103 students are enrolled in Medical Center programs in Medicine, Pharmacy, Nursing and Allied Health Sciences. An estimated 70 percent of Tristate health professionals have received training at the Medical Center in degree programs, residencies or continuing education activities; 80 percent of Greater Cincinnati's physicians have received at least some of their training at the College of Medicine. In total, the Medical Center has 9,085 alumni residing in Ohio, Indiana and Kentucky.

Charity Care
During 1999, Medical Center institutions contributed $93.1 million in charity care, including uncollected patient expenses assumed by the Medical Center clinical affiliates and faculty physicians as uncompensated care. This figure is completely outside of care for the medically indigent paid for by the Hamilton County Hospital Levy.

The study measured the combined economic impact of the Medical Center, its affiliated institutions (which include The University Hospital, Children's Hospital Medical Center, theShriners Burns Institute and the Veterans Affairs Medical Center), faculty practices and research endeavors. The Medical Center includes the Colleges of Medicine, Nursing, Pharmacy and Allied Health Sciences and Hoxworth Blood Center.

For a copy of the University of Cincinnati Medical Center's Economic Impact Statement Executive Summary, call (513) 558-4553 or e-mail public.relations@uc.edu.



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