Financial Impact: Boosting the economy

bridgeNew bridge connecting Emory University Hospital with a new hospital tower opening in 2017.


The WHSC has an estimated economic impact on the metro area of $7.5 billion, based on $3.8 billion in expenditures for FY 2015-2016.


With more than 24,000 employees in three schools, a primate research center, and the most comprehensive health system in Georgia, the Woodruff Health Sciences Center (WHSC) makes Emory University the largest employer in DeKalb County and the second largest in metro Atlanta. The WHSC also fuels thousands of additional jobs locally through millions of dollars each year in research grants, new construction, and partnerships with collaborators in research, teaching, and patient care.

For example, Emory recently purchased 60 acres of property at Executive Park, which is already home to Emory's Orthopaedics & Spine Clinic and Brain Health Center. Soon after, Emory Healthcare and the Atlanta Hawks announced plans to partner and build a privately funded, 90,000-square-foot sports medicine and training facility, which broke ground this past summer.

Emory Healthcare also held a recent “topping out” ceremony for a $400 million, 450,000-square-foot addition to Emory University Hospital. The building will add more than 500 new jobs for nursing staff, radiologic and surgical technologists, and many other hospital staff once it opens in 2017.


hawks ptRendering of new sports medicine and training facility being built by the Atlanta Hawks.


financial impactL to R: Ineathea Jones, assistant nurse manager in emergency services at Emory University Hospital. Mark Lozynsky is a senior mechanic in Emory Healthcare facilities management. Nursing faculty member Irene Yang with a patient.


   
 
 

Value to the community

Emory's Woodruff Health Sciences Center (WHSC) benefited the community in a variety of ways in fiscal year 2015–2016:

   

(millions)

 
 

Costs of charity care provided by Emory Healthcare

$72.3*

 
 

Financial aid provided to students from tuition income

26.4

 
 

Emory Healthcare investment in WHSC teaching and research

62.7

 
 

WHSCs investment in research unrecovered from sponsors

112.8

 
 

Unreimbursed care provided at Grady Hospital

27.1

 
 

Investment of Emory Medical Care Foundation in services at Grady Hospital

46.0

 
 

Other community benefits

52.5†

 
       
 

Total (millions)

$399.8

 
       

*In addition to providing charity care, Emory Healthcare conducts ongoing 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 develops 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 .....................................................................................$7,793,669

- Shortfall between Emory Healthcare's cost to provide care to Medicaid patients and reimbursement from Medicaid ...................................................................................$19,391,929

- Costs to Emory Healthcare for the Georgia provider tax, which supports the Medicaid budget and helps maintain payment levels for all Medicaid providers.........................................................$25,352,541

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.