Cleveland Clinic - Economic Impact Analysis

Silverlode's economic and fiscal impact assessments enable Cleveland Clinic to effectively communicate their tremendous impact to community partners and government entities.

Cleveland Clinic

Service(s):

Economic Impact Analysis

Opportunity:

Cleveland Clinic is one of the largest health systems in the U.S., with over 50,000 employees and over 5 million annual patient visits. The health system requires formal reports to communicate with the community as part of their community benefit reporting, for discussions with government entities about development and operations, and for funding requests and donor relations. Cleveland Clinic engaged Silverlode to conduct economic and fiscal impact assessments.

Solution:

Silverlode completed three comprehensive analyses to assess the direct and indirect benefits of Cleveland Clinic's health care system at the local, regional, and state levels for Ohio, Nevada, and Florida. We also analyzed Cleveland Clinic's impact on employment, taxes, public infrastructure and transportation, health and human services, and other critical parts of the economy and community. The studies included analysis of the impact of visitors and capital spending projects on the regional economy. The total economic impact in Ohio was $12.6 billion in 2013.

Cleveland Clinic used Silverlode's studies to more concisely and effectively communicate the impact of the health system to the community, government entities, and other stakeholders.