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Maricopa Integrated Health System: Economic Impact Analysis, 2013. August 27, 2014. Introduction. Seidman is consultancy arm of W. P. Carey School of Business, ASU Commissioned by MIHS to implement 3 analyses: Economic Impact of MIHS in 2013 Economic Impact of post-bond MIHS, 2015 – 2043 - PowerPoint PPT Presentation
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Maricopa Integrated Health System: Economic Impact Analysis, 2013
August 27, 2014
Introduction
• Seidman is consultancy arm of W. P. Carey School of Business, ASU
• Commissioned by MIHS to implement 3 analyses:
– Economic Impact of MIHS in 2013
– Economic Impact of post-bond MIHS, 2015 – 2043
– Social ROI analysis
• Today’s presentation focuses on the 2013 analysis
Typology of Economic Impact Analysis
CountGross
PartialGross
Macroeconomic Gross
CountNet
PartialNet
Macroeconomic Net
Level of Sophistication
Degreeof
Completeness
Seidman’s Method
CountGross
PartialGross
Macroeconomic Gross
CountNet
PartialNet
Macroeconomic Net
Level of Sophistication
Degreeof
Completeness
REMI Model:
• Partial Gross: Positive impacts of MIHS employment and supplier purchases alone• Partial Net: Also considers negative implications (state taxation & patient finance)
CY2013 Partial Gross Analysis: InputsSalaries &
Wages(Millions 2013 $)
Benefits(Millions 2013 $)
Total Compensation(Millions 2013 $)
Number of Staff(FTE)
Ambulatory 36.1 10.9 47.0 919.65
Hospital 194.6 57.0 251.6 2,986.23
Non-Labor Expenditure (Millions 2013 $)
Professional & Technical 24.7 Repairs & Maintenance 11.6
Supplies 64.0 Utilities 6.3
Medical Service Fees 68.3 Other Expenses 7.1
Rent 4.6 Depreciation 20.7
CY2013 Partial Gross Analysis: AZ Employment
Healthcare 44.7%
Retail Trade 8.2%Construc-tion 7.3%
Prof. & Technical
6.3%
Other Services
6.1%
Admin & Waste 5.7%
Wholesale Trade 5.2%
All Other Sectors 16.6%
Total Employment
Total Private Non-Farm
Employment
12,333
11,505
Job
Year
s
Sectoral Split: Total Private Non-Farm EmploymentRatio of 1 MIHS job : 2 PNFE jobs
CY2013 Partial Gross Analysis: Other Measures
$1.14 B.Gross State
Product$592 M.
Real Disposable
Personal Income $57 M.
State Tax Revenue
$1.13 B.Gross State
Product$569 M.
Real Disposable
Personal Income $55 M.
State Tax Revenue
CY2013 Partial Net Analysis: InputsSalaries &
Wages(Millions 2013 $)
Benefits(Millions 2013 $)
Total Compensation(Millions 2013 $)
Number of Staff(FTE)
Ambulatory 36.1 10.9 47.0 919.65
Hospital 194.6 57.0 251.6 2,986.23
Non-Labor Expenditure (Millions 2013 $)
Professional & Technical 24.7 Repairs & Maintenance 11.6
Supplies 64.0 Utilities 6.3
Medical Service Fees 68.3 Other Expenses 7.1
Rent 4.6 Depreciation 20.7
Funding Sources(Percent)
Federal 45.0
State 30.3
Patient 24.7
CY2013 Partial Net Analysis: AZ Employment
Healthcare 55.0%
Construction 8.0%
Prof. & Tech-nical 6.6%
Admin & Waste 5.8%
Wholesale Trade 5.2%
All Other Sec-tors 19.4%
Total Employment
Total Private Non-Farm
Employment
8,930
8,327
Job
Year
s
Sectoral Split: Total Private Non-Farm EmploymentRatio of 1 MIHS job : 1.13 PNFE jobs
CY2013 Partial Net Analysis: Other Measures
$834 M.Gross State
Product$456 M.
Real Disposable
Personal Income $37 M.
State Tax Revenue
$824 M.Gross State
Product$439 M.
Real Disposable
Personal Income $36 M.
State Tax Revenue
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AZ 85281
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