OMAHA — The value to Nebraska of the University of Nebraska Medical Center and its lead clinical partner, Nebraska Medicine, reached $5.9 billion in the last fiscal year, according to a recent economic analysis.
That figure rises to $6.4 billion annually with the addition of academic functions, including residency and research programs, at UNMC affiliates, Children’s Hospital & Medical Center, and VA Health. System.
UNMC, Nebraska Medicine and its affiliates have also supported more than 56,000 direct and indirect jobs in Nebraska and generated more than $220 million in state and local tax revenue.
The analysis was prepared by Tripp Umbach, a national consultant specializing in economic impact studies.
In February, this consultant provided the University of Nebraska Board of Trustees with a separate report on the economic impact of the UN system. The report estimates the economic impact of the system at $5.8 billion per year. This figure includes a $1.5 billion economic impact from the UNMC alone, with no contribution from its clinical partners.
UNMC Chancellor Dr. Jeffrey Gold said the growth in UNMC’s impact is incredible at any time, but even more so during a pandemic.
NU President Ted Carter also noted in February that the fact that the economic impact of the four campuses increased during the pandemic was evidence of the university’s vital role in maintaining economic well-being and state competitiveness.
Gold said UNMC’s mission, in addition to educating the next generation of healthcare professionals, conducting research and providing clinical care, is to serve as an economic engine.
“This is third-party validation that, as we all know, we are a huge employer, but we also contribute economically to the stability and growth of the communities we serve across the state. “, did he declare.
Dr. James Linder, CEO of Nebraska Medicine, said the report shows taxpayers and philanthropists who support UNMC that their dollars are having a positive impact on the community.
“The demands for more health care providers are endless,” said Linder, who served as the NU system’s acting chair from 2014 to 2015. “The advanced health care needs in our community are significant. By developing both our employment base and our research activities, we can develop this. »
Linder noted that the research provides opportunities for Nebraskanians to get treatments they wouldn’t otherwise get in the area.
Gold said new construction around the UNMC campus, including apartments, hotels and other businesses, is another manifestation of UNMC’s continued impact. Walking from his residence at Midtown Crossing, he said, is an entirely different experience than it was when he arrived nine years ago.
“They just feed off each other,” he said. “It’s really dynamic.”
UNMC works with the University of Nebraska at Kearney to develop health care education facilities. Recent studies, Gold said, indicate that 85% of rural graduates stay in rural Nebraska. It’s essential for health care in these communities, and well-paying jobs contribute to their economy. Measures that would fund the construction and operation of a rural health care complex at UNK are pending in the Nebraska Legislature.
According to the study presented to the regents, the NU system generates 9 dollars for every dollar invested by the state. This is an increase from the 7 to 1 return on investment generated by the system in 2019.
The NU system supports one in every 27 jobs in Nebraska. The more than 47,000 jobs supported by the university system include not only NU employees, but also Nebraskans who gain employment through university activities.
Annual economic impacts and national and local tax revenues by campus:
The University of Nebraska-Lincoln, $2.9 billion; $77 million.
University of Nebraska at Omaha, $898 million; $16.5 million.
UNK, $365 million; $9.5 million.
Nebraska Technical Agricultural College, $15.2 million; over $405,000.
Photos: Buffett Cancer Center at UNMC
Fred and Pamela Buffett Cancer Center
Fred and Pamela Buffett Cancer Center
Buffett Cancer Center