New Brunswick, NJ — Rutgers University is emerging as a national leader in academic health care, providing top-level services for patients while also boosting the economy statewide, according to a new economic impact report issued by the university.
Rutgers spent more than $684 million in patient care, delivering medical, dental, nursing and psychological services provided by clinicians and specialists and through research and more than 350 clinical trials in fiscal year 2016.
Rutgers Health, the university’s patient care organization that employs more than 1,300 health care professionals, handled 2.1 million patient visits to all locations in fiscal year 2016.
Rutgers Health also provided $12.6 million in low-cost and no-cost, high-quality health care services to low-income patients, particularly those who live in traditionally underserved areas.
Rutgers spent more than $684 million in patient care, delivering medical, dental, nursing and psychological services provided by clinicians and specialists and through research and more than 350 clinical trials in fiscal year 2016.
Rutgers Health, the university’s patient care organization that employs more than 1,300 health care professionals, handled 2.1 million patient visits to all locations in fiscal year 2016.
Rutgers Health also provided $12.6 million in low-cost and no-cost, high-quality health care services to low-income patients, particularly those who live in traditionally underserved areas.
“We have built a powerhouse biomedical division that is putting Rutgers on the health care map, both regionally and nationally,” said Rutgers President Robert Barchi, “and the care we provide through Rutgers Health means a better quality of life for patients and a stronger economy for the state.”
Four years after the merger of Rutgers University with the former University of Medicine and Dentistry of New Jersey (UMDNJ), Rutgers Biomedical and Health Sciences brings together eight schools and five research and treatment centers and institutes, as well as affiliations with clinical partners throughout the state.
“Health care has been an economic driver of the state and national economy over the last decade, and Rutgers is helping make New Jersey a much more significant player in the health care field,” said James Hughes, dean of the Edward J. Bloustein School of Planning and Public Policy.
The economic snapshot also reveals how Rutgers fuels New Jersey’s economy as a leading research institution that generates $5.2 billion in economic activity annually and educates, employs and provides health care services to tens of thousands of people annually.
The report is produced by the economic advisory service at the Bloustein School.
For every $1 of state funds received by Rutgers, the university returned nearly $7 in economic activity in fiscal year 2016, the report shows.
Rutgers is New Jersey’s third-largest nongovernmental employer, directly employing more than 26,000 faculty and staff, indirectly supporting nearly 32,000 additional jobs in the state and generating $4.3 billion in annual compensation.
Rutgers also hires New Jersey companies to construct new buildings and renovate existing ones, and is in the midst of its greatest building expansion in more than 50 years.
Highlights of the analysis show:
“Our analysis finds that, as a major employer that spends more than $600 million with New Jersey businesses annually, Rutgers creates a significant economic ripple effect throughout the state,” said Will Irving, coauthor of the economic impact report and a Bloustein School project manager.
“This report highlights the jobs, new businesses, tax revenues and many other valuable contributions that Rutgers provides to New Jersey and which are often overlooked.”
New Jersey also is home to 280,000 Rutgers alumni, many of whom are employed in New Jersey, pay taxes, and buy houses and goods.
Every year, Rutgers educates 69,000 students at its three locations in New Brunswick, Newark and Camden and provides continuing education for another 50,000 individuals.
Four years after the merger of Rutgers University with the former University of Medicine and Dentistry of New Jersey (UMDNJ), Rutgers Biomedical and Health Sciences brings together eight schools and five research and treatment centers and institutes, as well as affiliations with clinical partners throughout the state.
“Health care has been an economic driver of the state and national economy over the last decade, and Rutgers is helping make New Jersey a much more significant player in the health care field,” said James Hughes, dean of the Edward J. Bloustein School of Planning and Public Policy.
The economic snapshot also reveals how Rutgers fuels New Jersey’s economy as a leading research institution that generates $5.2 billion in economic activity annually and educates, employs and provides health care services to tens of thousands of people annually.
The report is produced by the economic advisory service at the Bloustein School.
For every $1 of state funds received by Rutgers, the university returned nearly $7 in economic activity in fiscal year 2016, the report shows.
Rutgers is New Jersey’s third-largest nongovernmental employer, directly employing more than 26,000 faculty and staff, indirectly supporting nearly 32,000 additional jobs in the state and generating $4.3 billion in annual compensation.
Rutgers also hires New Jersey companies to construct new buildings and renovate existing ones, and is in the midst of its greatest building expansion in more than 50 years.
Highlights of the analysis show:
- Rutgers spends $658 million annually to support research and development, more than all other public and private New Jersey colleges and universities combined, according to the National Science Foundation.
- Rutgers research generates $31.5 million in royalty income from patents and licenses, and leads to jobs, creation of new businesses and innovations that improve lives.
- Rutgers construction and renovation projects of $1.14 billion supported nearly 12,000 short-term construction jobs and generated an additional $1.2 billion in economic activity over a five-year period from 2012-16.
- Income taxes from salaries paid to employees of Rutgers and to employees of companies with which Rutgers does business, and other state and property tax revenue related to Rutgers spending, yielded $798.2 million in state and local taxes.
- Rutgers spent $610.2 million in direct payments to New Jersey businesses in every county to buy goods, services and supplies -- from food to lab equipment to energy-efficient lighting -- throughout the year.
“Our analysis finds that, as a major employer that spends more than $600 million with New Jersey businesses annually, Rutgers creates a significant economic ripple effect throughout the state,” said Will Irving, coauthor of the economic impact report and a Bloustein School project manager.
“This report highlights the jobs, new businesses, tax revenues and many other valuable contributions that Rutgers provides to New Jersey and which are often overlooked.”
New Jersey also is home to 280,000 Rutgers alumni, many of whom are employed in New Jersey, pay taxes, and buy houses and goods.
Every year, Rutgers educates 69,000 students at its three locations in New Brunswick, Newark and Camden and provides continuing education for another 50,000 individuals.
