Contributing to the economy

Slideshow

Among universities around the world that received U.S. utility patents in 2014 for a variety of biomedical technologies, Emory ranks 58.

 
 

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From the Executive VP

Charity care in Emory Healthcare
Overview

• Emory University Hospital
• Emory University Hospital Midtown
• Emory Rehabilitation Hospital
• Emory Saint Joseph's Hospital
• Emory Johns Creek Hospital
• Winship Cancer Institute

Emory at Grady Hospital

Emory at the Atlanta VA Medical Center

Serving locally and globally

Education

Research

Woodruff Health Sciences Center  components

The Woodruff Health Sciences Center (WHSC) is a major force in both the metro and state economy, employing thousands of people and attracting millions of dollars in resources and investment.

Partnerships: Relationships with various academic, health care, business, and government institutions translate into shared grants and expertise for the area. In collaboration with the CDC and other entities, for example, Emory is the lead coordinator of the National Ebola Training and Education Center, funded for $12 million over five years. Emory and Children’s Healthcare of Atlanta, which together manage the second largest population of cystic fibrosis patients in the country, are partners with Georgia Tech in a $1.8 million grant from the Cystic Fibrosis Foundation to fund a new research and development program. With the Georgia Research Alliance (GRA), Emory and Children’s also jointly sponsored recent recruitment of a new GRA Eminent Scholar in cystic fibrosis.

Technology transfer: Over the past three decades, Emory has helped create 72 start-up companies—31 in drug discovery/pharmaceuticals, 17 in medical devices, six in diagnostic technologies, nine in software, and nine in other fields—which collectively have received $1 billion in private investment capital, $314 million in public investment capital, and $13.5 billion from mergers and acquisitions. Emory currently is ranked No. 58 in the world among universities granted U.S. utility patents in 2014, according to a new report released by the National Academy of Inventors and the Intellectual Property Owners Association. The 35 patents Emory was granted last year covered a variety of biomedical technologies—a medical device to treat kidney failure, an apparatus for surgeons to practice delicate throat surgery, computer displays to improve patient care, and manikins to better train CPR. The patents address treatment options for hepatitis C, HIV, diabetes, and various cancers.

Jobs and expenditures: The WHSC employs more than 23,000 people, making Emory University the largest employer in DeKalb County and the second largest private employer in metro Atlanta. The WHSC influences local employment figures in other substantive ways as well. WHSC annual expenditures in fiscal year 2014-2015 totaled $3.7 billion, for example, which translates into an estimated economic impact on metro Atlanta of $7.2 billion.

Emory’s Woodruff Health Sciences Center provides thousands of jobs—both for employees and contractors—and attracts hundreds of millions of dollars in research investment. Its estimated economic impact on metro Atlanta is $7.2 billion each year.

   
 
 

Value to the community

Emory's Woodruff Health Sciences Center (WHSC) benefited the community in a variety of ways in fiscal year 2014–2015:

   

(millions)

 
 

Costs of charity care provided by Emory Healthcare

$67.4*

 
 

Financial aid provided to students from tuition income

23.0

 
 

Emory Healthcare investment in WHSC teaching and research

81.3

 
 

WHSCs investment in research unrecovered from sponsors

120.4

 
 

Unreimbursed care provided at Grady Hospital

25.4

 
 

Investment of Emory Medical Care Foundation in services at Grady Hospital

45.4

 
 

Other community benefits

52.7†

 
       
 

Total (millions)

$415.6

 
       

*In addition to providing charity care, Emory Healthcare recently conducted community health needs assessments (CHNAs) for its hospitals as part of its continued commitment to the health and well-being of community members. The reports assess the needs of the communities served by the hospitals using quantitative data and input from individuals representing the broad interest of the communities. Using the CHNAs, Emory Healthcare developed strategies to outline plans to address the identified health needs of the communities it serves. Through these strategies, Emory Healthcare strives to improve the overall health of communities, while providing the best possible care to its patients.

†This includes the following:

- Discounted/free prescription drug programs; programs and contracted services for indigent patients; in-kind donations to organizations such as MedShare; transportation services; flu shots; blood drives; subsidized continuing care, nursing home care, and home care; sponsorship of selected charity health awareness events; and educational  programs for the public, future health professionals, and patients....................................................................$7,672,201

- Shortfall between Emory Healthcare's cost to provide care to Medicaid patients and reimbursement from Medicaid..........................................................,,,,,,........$20,939,775

- Costs to Emory Healthcare for the Georgia provider tax, which supports the Medicaid budget and helps maintain payment levels for all Medicaid providers..............................$24,040,844

Note: Statistics and information in this report are intended to augment rather than supplant the information required and the metrics used for the Schedules H of the Forms 990 filed with the Internal Revenue Service that include information on Emory University Hospital, Emory University Hospital Midtown, Emory Wesley Woods Hospital, Emory Wesley Woods Long-Term Hospital, Emory Saint Joseph’s Hospital, and Emory Johns Creek Hospital.

 
     

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Community Benefits Report Cover 2015

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