Cleveland Clinic has positive impact on economy

Published on Wednesday, 12 September 2018 19:28
Written by For all these reasons, the prominence and quality of Cleveland’s medical care, recognized nationally, is worth celebrating.

The Cleveland Plain Dealer

For the third year in a row, the Cleveland Clinic has been named the nation’s No. 2 hospital in U.S. News & World Report rankings.

Its numerical score - based on 16 specialties and nine procedures and conditions - considers such measures as patient safety and survival, the medical complexity of those treated, nursing staffing and, in certain specialties, reputational measures.

The Clinic’s total score was only 7 percent behind the top-ranked Mayo Clinic in Minnesota and 37 percent ahead of 10th-ranked New York-Presbyterian in New York City.

Why does this matter?

There are nearly 12 billion local reasons, all with dollars attached.

That’s the local economic impact of the region’s hospitals in terms of direct and indirect jobs, according to the latest Center for Health Affairs report, based on 2015 data. The center advocates for local hospitals.

The Clinic - Ohio’s second-largest employer - did its own economic impact study in 2015, using 2013 data, and estimated its statewide impact at $12.6 billion, including wages, purchases, construction outlays, visitors’ economic impact, taxes and community benefits.

Most of that impact was in Northeast Ohio, including close to $191 million spent by visitors coming to the Clinic.

Posted in New Britain Herald, Columns on Wednesday, 12 September 2018 19:28. Updated: Wednesday, 12 September 2018 19:30.