Hospitals contribute trillions to U.S. economy

The are six times as many Subway sandwich chain locales in the U.S. than hospitals. Nevertheless, the latter provide a far larger portion of the nation's economic activity, according to American Hospital Association data. A new report concludes that the nation's roughly 4,000 acute care facilities contribute $2.3 trillion to the economy, support 15.4 million jobs, and spend more than $700 billion on goods and services from other businesses. As a result, AHA President Rick Umbdenstock urged Congress to avoid any further deficit reduction measures that directly impact hospital finances. --Read the full FierceHealthcare article

Suggested Articles

John Muir Health is joining forces with Optum as part of an effort to maintain its independence, the two companies announced. 

Clinical Pathology Laboratories, based in Austin, Texas, says 2.2 million patients may have had their personal information compromised.

A global budget model launched by Blue Cross Blue Shield of Massachusetts slowed healthcare spending growth by 12% over eight years.