Economic Benefits

Barnabas Health cares for more than 2 million people, performs 215,000
surgeries and delivers 20,000 babies each year. Yet the importance of
Barnabas Health to the region reaches far beyond health care. The system
is an economic engine for our communities, creating jobs and driving spending,
creating a ripple effect across the state.
In addition to providing for the health and wellness of communities throughout
New Jersey each and every day, Barnabas Health makes crucial economic
contributions that support the livelihoods of thousands of people in the region.
Barnabas Health is one of the largest private employers in the State of
New Jersey, with more than 21,000 employees, 5,000 physicians and nearly
500 medical residents and interns. The system is a critical source of
stable, well-paying jobs in the region, supporting a payroll of $1 billion
each year. Barnabas Health also generates economic activity through its
construction projects and capital expenditures. In 2013 alone, Barnabas
Health invested nearly $85 million on capital expenditures.
It is estimated that the economic activity of each hospital job in New
Jersey supports another 2.25 jobs within the state, demonstrating the
tremendous economic impact of our system’s salaries and spending
that resonates across the state and beyond.
Community Benefit Data 2013* |
Financial assistance & means-tested programs |
$151,164,099 |
• Financial assistance at-cost |
$79,642,802 |
• Unreimbursed Medicaid |
$30,167,744 |
• Unreimbursed Medicare |
$27,313,376 |
• Other means-tested programs |
$14,040,177 |
Bad Debt |
$87,729,189 |
Community health improvement services |
$2,832,838 |
Health professionals education |
$40,686,108 |
Subsidized health services |
$8,568,816 |
Research |
$1,715,457 |
Cash/in-kind donations |
$3,147,830 |
Community building activities |
$470,614 |
Total Community Benefit |
$296,314,951 |
Salaries |
$1,183,497,000 |
Capital expenditures |
$84,528,000 |
*These figures do not include figures from any of Barnabas Health’s
ambulatory/behavioral health/in-home/hospice care centers and programs. |
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