ECONOMIC IMPACT OF WVU-RELATED HEALTH ENTITIES MORE THAN $5.4 BILLION
Posted on 4/8/2013
HSC 2020 Strategic Plan Priority: Raise the health status of West Virginians
CHARLESTON, W.Va. – The direct and indirect statewide economic impact of WVU Healthcare hospitals and clinics, West Virginia United Health System hospitals, and the five health schools at West Virginia University is measured in billions of dollars and thousands of jobs.
A report released today by hospital executives and university leaders details the current (2012) and projected (2017) economic, employment, and government revenue impact on West Virginia.
The organizations have a direct annual impact of $2.6 billion on the state economy and support nearly 12,200 full-time equivalent (FTE) positions. By 2017, the direct annual impact is expected to increase by more than $500 million and add an additional 1,079 FTE jobs.
“It’s clear that we have become a significant engine driving West Virginia’s economic growth,” WVU Chancellor for Health Sciences Christopher C. Colenda, M.D., M.P.H., said. “We’re doing this through our hospitals and clinics in more than 35 cities and small towns throughout the state and by educating the health professionals of the future and encouraging them to live and practice in the state.”