Lehigh Valley Health Network Contributes More Than $4.1 Billion to Pennsylvania’s Economy and Supports Nearly 27,000 Full-time Employees (Directly and Indirectly)
In total, Pennsylvania hospitals contribute $115 billion
Lehigh Valley Health Network annually contributes more than $4.1 billion to the state’s economy, according to information provided by The Hospital & Healthsystem Association of Pennsylvania (HAP). LVHN also supports nearly 27,000 full-time jobs, directly and indirectly, in the Lehigh Valley and northeast Pennsylvania.
“LVHN plays a major role in the economic and social well-being of our community,” said Brian A. Nester, DO, MBA, FACOEP, the health network’s president and CEO. “Not only do we provide care for our most vulnerable citizens, but we are changing the way care is delivered through a greater emphasis on outpatient care, population health, and the use of new technology. As the network grows and expands into new areas to provide its services to communities, the benefit to those communities is clear and significant.”
HAP reports that nearly $115 billion in statewide economic impact in 2015 is an increase of $4 billion from the previous year. This includes the support of 625,000 jobs, directly and indirectly. Health care spending stays in the local economy. Every dollar spent by hospitals results in an additional $1.23 spent in other parts of the economy through spinoff investments, resource utilization and purchasing.
“Hospitals and health systems continue to play a critical role as top employers and economic engines, at a time when the state and nation face great fiscal pressures,” said Andy Carter, HAP president and CEO. “They are dramatically changing the way they meet patient needs, and in doing so, new economic opportunities are being created.”