Report: NJ hospitals big in state’s economy

Most people wouldn't consider New Jersey's hospitals as an economic powerhouse for the state, but new numbers suggest that's exactly what they are.

According to a report released Wednesday by the New Jersey Hospital Association, the Garden State's 72 acute care hospitals contributed nearly $21 billion to the state economy in 2013, an increase of $600 million from a year prior.

Much of that total, $8.3 billion, went to employee salaries alone.

"The report shows that, overall, New Jersey hospitals employed 144,000 people," said Kerry McKean Kelly, NJHA spokesperson.

Another $2.8 billion in 2013 went out the door for goods and services from other companies, including contracted labor, pharmaceuticals, utilities and other expenses.

"The purchasing power of New Jersey hospitals really ripples throughout the state and benefits so many other businesses," McKean Kelly said.

State income tax payments by employees totaled approximately $457 million, up from $435 million in 2012. More than $1 billion targeted charity care services for New Jersey's working poor and uninsured residents, the report said.

McKean Kelly noted the state has seen consistent growth in these indicators for the past several years.

"Hospitals provide healthcare services 24/7, 365 days a year -- everybody knows that -- but it's also important to remember that New Jersey hospitals are true economic engines, and what they contribute to the state goes beyond healthcare to economic well-being as well," she said.