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LVH in Detail
The Economic Impact of LVH on the CommunityThe Economic and Community Benefit of Lehigh Valley Hospital and Health Network on the Commonwealth of Pennsylvania and the Lehigh Valley Region (2003)Lehigh Valley Hospital and Health Network contracted with Tripp Umbach Healthcare Consulting, Inc. to perform a study to measure the economic impact of Lehigh Valley Hospital and Health Network on the state, region and county level for 2003. Key measurement components included direct expenditures for goods and services by LVHHN, its employees, patients and visitors and the recirculation of these revenues by the recipients. Also included were institutional expenditures for capital improvements and payment for services provided to out of state residents. The study concluded that LVHHN generates $752.5 million annually in net economic impact to Pennsylvania…$559.2 million of that directly impacts LVHHN’s nine-county service area.
Consultant QualificationsTripp Umbach Qualifications
Project Goals
Overview of Project
Total Economic Impact 2003Direct + Indirect = Total
Direct includes: LVHHN, Staff, Physician, Patient and Visitor Spending Direct Economic Impact
Direct includes: LVHHN, Staff, Physician, Student, Patient and Visitor spending that remains in the state, region, and county. Indirect Economic Impact
Indirect includes: Re-spending throughout the economy (multiplier) of direct dollars spent by LVHHN, staff, physicians, patients, students, and visitors. Employment Impact
Direct LVHHN (Full-time Employees) + Indirect Supported Jobs = Total jobs attributable to LVHHN Employment Impact on PA
Direct
8,373 jobs (FTE) + Indirect 7,538 jobs Total jobs = 15,911 “1 out of every 400 workers in Pennsylvania is associated with Lehigh Valley Hospital and Health Network” Employment Impact on Region
Direct
8,195 jobs (FTE) + Indirect 6,847 jobs Total jobs = 15,042 “1 out of every 20 workers in the 9-County Region is associated with Lehigh Valley Hospital and Health Network” Employment Impact on Lehigh County
Direct
5,237 jobs (FTE) + Indirect 9,257 jobs Total jobs = 14,494 “1 out of every 12 workers in Lehigh County is associated with Lehigh Valley Hospital and Health Network” Total Government RevenueDirect + Indirect = Total
Economic Impact Comparisons
Uncompensated Care and Medical and Nursing EducationIn 2004 The Hospital and Health Network provided:$48.6 million in uncompensated care to PA citizens Employee ContributionsLehigh Valley Hospital and Health Network’s employees annually contribute:
Key TakeawaysLehigh Valley Hospital and Health Network’s annual economic impact of $752 million makes it the Lehigh Valley’s largest single non-governmental contributor to the State’s economy.LVHHN directly and indirectly supports more than 15,000 jobs in the Lehigh Valley region – one in every 20 jobs in the region is attributable to LVHHN. LVHHN along with its employees provide more than $100 million annually in free care, community services and charitable contributions. This page last updated 2/12/08 04:08 PM
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Heart Attack Program Wins State-Wide RecognitionLehigh Valley Hospital and Health Network (LVHHN) received three (of a possible six) 2006 Achievement Awards from the Hospital and Healthsystem Association of Pennsylvania (HAP) at the Leadership Summit on May 22, 2006.
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