Maricopa Integrated Health System: Economic Impact Analysis, 2013
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Maricopa Integrated Health System: Economic Impact Analysis, 2013
August 27, 2014
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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
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Typology of Economic Impact Analysis
CountGross
PartialGross
Macroeconomic Gross
CountNet
PartialNet
Macroeconomic Net
Level of Sophistication
Degreeof
Completeness
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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)
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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
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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
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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
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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
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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
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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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660 South Mill Avenue, Suite 300Tempe
AZ 85281
www.seidmaninstitute.com