Thursday, February 1, 2007
Big bang for medical school bucks
Massachusetts medical schools and teaching hospitals rank fourth in the nation for economic impact in their states.
Together the schools and hospitals generate $29 billion in direct and indirect spending in Massachusetts, behind New York, Pennsylvania and California, according to a report by the Association of American Medical Colleges. The group's analysts determined that for every $1 spent by a medical school or teaching hospital in 2005, an additional $1.30 was spent on other businesses or individuals.
Nationwide AAMC members had a combined economic impact of $451 billion.
Posted by Elizabeth Cooney at 11:57 AM